A team from the Hyundai group visited Visakhapatnam Steel Plant of Rashtriya Ispat Nigam Ltd (RINL) to explore the possibility of setting up a steel plant in partnership with the public sector steel major.

A delegation of Hyundai representatives, led by the South Korean ambassador, was at the plant site last month. These are government-to-government talks, said RINL Chairman and Managing Director P K Rath.

Billionaire Anil Ambani’s Reliance Communications (RCom) told Supreme Court on Monday that its asset sale to Reliance Jio Infocomm may not go through if approvals aren’t in place by mid-December, putting at risk planned debt repayments by the distressed company.

The government, however, reiterated its stand in the Supreme Court that it could not grant an approval to RCom for spectrum sale to Jio until a bank guarantee of Rs 29.4 billion was given to it by either company toward spectrum usage charges.

The Reserve Bank of India (RBI) on Monday reduced hedging requirements for external commercial borrowings (ECBs) of 3-5 years to 70 per cent from 100 per cent.

At the time of rollover of the existing hedges, the mandatory limit would be reduced to 70 per cent automatically, the RBI said in a notification on its website.

US e-commerce leader Amazon's subsidiary, Amazon Web Services (AWS), Monday launched the Cloud-based service, AWS RoboMaker, that will help developers to develop, deploy and test robotics applications.

The new service, which uses the widely deployed open source software Robot Operating System (ROS), serves as a platform to help accelerate the time-consuming robotics development process, Xinhua news agency reported.

The capital city of Odisha is all geared up for the grand opening ceremony of Hockey World Cup (HWC) 2018. The opening ceremony will carry a central message of "oneness".

The capital city of Odisha is all geared up for the grand opening ceremony of Hockey World Cup (HWC) 2018. The opening ceremony will carry a central message of "oneness".

Just four months after Apple Inc breached the $1 trillion mark, the iPhone maker has lost its lead as Wall Street's most valuable company and is on the verge of being replaced by Microsoft Corp .

Apple shares fell 1.77 percent in extended trade after U.S. President Donald Trump told The Wall Street Journal that tariffs could be placed on laptops and mobile phones imported from China.

New Delhi: The Supreme Court on Monday agreed to hear the Centre’s plea for Rs 2,940 crore bank guarantee from Reliance Communication arising from outstanding spectrum dues. The case was brought before a bench headed by Justice A.K. Sikri who said it would be heard tomorrow.

Mumbai: Bajaj Auto, which owns 49 per cent in Austrian sports bike brand KTM, Friday launched the ABS (anti-lock braking system) version of KTM 200 Duke, priced at Rs 1.60 lakh (ex-showroom Delhi). The newly added ABS will be an added feature for improved and controlled stopping power.

With the Supreme Court fixing April 1, 2020, deadline for the sale of only BS-VI-compliant vehicles, Maruti Suzuki India (MSI) is working 'overtime' to make over 40 variants of powertrains across more than 15 models meet the stricter emission norms, according to a senior company official.

The company has also reinforced manpower in its engineering and research and development in order to be able to meet the Bharat Stage (BS) VI norms for its fleet ahead of schedule.

Shares of Coal India, Vedanta, NTPC, Steel Authority of India (SAIL) and Finolex Cables have hit their respective 52-week lows on the BSE on Monday.

BASF, CARE Ratings, Hexaware Technologies, ITD Cementation, Jindal Stainless, Shankara Building Products, Take Solutions and Timken India were among 18 stocks from the S&P BSE 500 index are some of the other counters that hit their 52-week lows today.

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