The Supreme Court Monday put on hold the sale of Essar Steel to ArcelorMittal as it agreed to hear the appeal filed by financial lenders against the NCLAT order, saying it would like to settle the issue “once and for all”. A bench of Justices R F Nariman and Surya Kant said the monitoring committee will continue its work till the case is heard on August 7.

State-owned National Thermal Power Corporation will seek shareholders' approval to raise Rs 15,000 crore through issuance of bonds or debentures and to raise borrowing limit to Rs 2 trillion, next month.

The company will seek shareholders' nod through a special resolution to raise funds up to Rs 15,000 crore through issue of bonds/debentures on private placement basis in domestic market.

TVS Motor Chairman and Managing Director Venu Srinivasan said on Monday that the industry is in talks with the government on NITI Aayog's proposal to switch over to electric vehicles by 2025 and hopes to see a pragmatic policy to come through the next few months. Asserting that hybrid vehicles would be a better option in terms of environment-friendliness, he told shareholders today that the company would be coming out with an electric two-wheeler in the near future.

Los Angeles: If there was any doubt that the 2019 box office belonged to the Walt Disney Co., this weekend put an end to it. Not only did its photorealistic remake of "The Lion King" devour opening weekend records for the month of July and PG-rated films, but "Avengers: Endgame" also crept past "Avatar" to become the highest-grossing film of all time.

Star badminton player P.V. Sindhu had to be content with a runner-up finish at the Indonesia Open after losing the title clash in straight games to Japan’s Akane Yamaguchi, in Jakarta on July 21.

Sindhu lost the final of the BWF Tour Super 1000 tournament 15-21 16-21 to the fourth seed.

Domestic equity benchmark BSE Sensex plunged over 400 points in early trade on 22 July amid heavy foreign fund outflow and weak domestic as well as global cues.

The 30-share index was trading 373.14 points or 0.97% lower at 37,963.87 at 09:30 a.m.; and the broader Nifty also sank 116.80 points or 1.02% to 11,302.45.

Drug major Cipla Monday said its subsidiary InvaGen Pharmaceuticals has received final approval from the US health regulator for Pregabalin Capsules, indicated for management of neuropathic pain associated with certain illnesses.

InvaGen has received approval from the the United States Food and Drug Administration (USFDA) for the drug in the strengths of 25mg, 50mg, 75mg, 100mg, 150mg, 200mg, 225mg and 300mg, Cipla said in a regulatory filing.

The department of telecommunications is pushing for a Rs 74,000-crore revival package for the loss-making BSNL and MTNL on the ground that closing them down would cost higher — around Rs 95,000 crore. The assumption behind the revival package, which involves an attractive VRS package to BSNL’s 1.65 lakh employees, reducing the retirement age from the current 60 years to 58 years, will cut the wage bill of the company which in FY19 was 77% of its revenues.

While Jeff Bezos’ Amazon got under fire last week with its workers launching a global protest, the same had a zero to microscopic effect on the company even with the backing of cause-driven millennials, Eric Schiffer, CEO, US-based Patriarch Organisation told Financial Express Online. “When a reported “15” employees show for the strike, and a small number online, even critics of Amazon know it was a tactical disaster in terms of influencing Amazon,” he said,

Even as the process for disinvestment of national carrier Air India is already set in motion, the government has asked the airline management to start new flights only if it is extremely necessary after due diligence of commercial interest.

The airline has also been asked to put a freeze on large-scale appointments and promotions.

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