Global Rating agency Standard and Poor's ( S&P) on Monday said the strain on IDBI Bank to meet regulatory capital requirement has eased after Life Insurance Corporation of India infused Rs 14,500 crore as fresh capital in ailing Indian banking entity.

"We are affirming our 'BB/B' foreign currency issuer credit ratings on the bank, and the 'BB' long-term issue rating on the notes issued by the bank's Dubai branch.

NEW DELHI: State-owned BHEL said it has successfully commissioned a 800 MW thermal unit within a record time of 46 months in Telangana.

"The 800 MW set has been commissioned at Kothagudem Thermal Power Station (KTPS) of Telangana State Power Generation Corporation (TSGENCO)," Bharat Heavy Electricals Ltd (BHEL) said in a statement.

A rebound in global sentiment on hopes of a likely thaw in US-China trade relations, coupled with value buying, aided the key Indian equity indices to end on a positive note on Friday. The Sensex and Nifty ended over 0.50 per cent higher.

Initially, the domestic equity market was subdued by the downtrend in global indices. However, as the day progressed, reports of a likely thaw in frosty US-China trade relations buoyed global and domestic sentiments.

A Delhi court Saturday issued open-ended non-bailable warrants (NBWs) against four directors of a Gujarat pharma firm in a Rs 8,100-crore money laundering probe case.

Additional Sessions Judge Satish Kumar Arora allowed the Enforcement Directorate's plea seeking issuance of NBW against Sterling Biotech Ltd (SBL) directors Nitin Jayantilal Sandesara, Chetankumar Jayantilal Sandesara, Dipti Chetan Sandesara and Hiteshkumar Narendrabhai Patel.

A special court in Mumbai Saturday declared absconding liquor baron Vijay Mallya a fugitive economic offender (FEO) on a plea of the Enforcement Directorate.

Mallya has become the first businessman to be declared EFO under the provisions of the new Fugitive Economic Offenders Act which came into existence in August last year.

Nirav Modi, a prime accused in the multi-crore PNB fraud case on Saturday said that he has done nothing wrong and that the scam was a "civil transaction" which is now being blown out of proportion.

Modi, on Saturday, filed a response before the PMLA court opposing the Enforcement Directorate's complaint to have him declared a "fugitive economic offender" under the Fugitive Economic Offenders Act.

NEW DELHI: State-owned Bharat Sanchar Nigam Ltd (BSNL) plans to roll out out voice telephony over WiFi (VoWiFi) service through ambitious ‘carpet WiFi’ networks that ensures seamless coverage.

“We are going to ask companies to deploy networks with advanced equipment so as to take care of WiFi calls wherein BSNL can provide bandwidth on a revenuesharing model,” BSNL chairman Anupam Shrivastava told ET.

Amazon.com Inc. and Walmart Inc. find themselves on the same side for once.

The bitter rivals have come together in India to lobby the government on regulations that threaten to dampen their expansion ambitions. Among other things, the giant retailers are asking for an extension on a Feb. 1 deadline for implementing those rules, according to people with knowledge of the matter.

When ONGC acquired Gujarat government-owned GSPC’s then-languishing Deen Dayal-West (DDW) block in the Krishna Godawari basin in late 2016, apparently under a government directive, many thought it could add to the explorer’s portfolio of under-performing assets. However, encouraged by higher prices for difficult fields which these assets are entitled to, ONGC has ramped up production from the block

Larsen and Toubro may cut its order growth guidance for FY19 due to slowdown in new project announcements, according to analysts.

L&T announced orders are down around 50% year-on-year to Rs 14,500 crore in the three months of October-December 2018, primarily due to exhaustion of large orders pipeline after a sharp order growth over the past four quarters, analysts at Deutsche Bank Research observed in a recent report.

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