ArcelorMittal on Monday moved the Ahmedabad Bench of the National Company Law Tribunal (NCLT), challenging the decision to declare its bid ineligible and protect its “rights” in the face of the legal move by Numetal, the other bidder for Essar Steel.

Numetal had moved the NCLT on March 20, ahead of the meeting of the Committee of Creditors, to decide on the eligibility of the two bidders for Essar Steel. At the meeting, both ArcelorMittal and Numetal were found to be ineligible.

In the coming years, though government-owned Coal India is poised to maintain leadership in a liberalised regime for the commodity, the world’s largest coal miner is also threatened with losing its competitive edge, primarily for technical reasons.

An internal assessment by the company in formulating a vision for the year 2030 reveals the strip ratio across its major mines is increasing substantially, which would lead to increased production cost.

With a debt of Rs 1,200 billion, Vodafone and Idea will have to work harder together to turn profitable as the consolidating mobile telephony market in the country changes rapidly.

When the merger is completed, Vodafone-Idea would have the largest subscriber base, about 400 million. But it will also be the most indebted telecom company.

Audit fees public sector banks (PSBs) have paid are much higher than those shelled out by their private sector peers.

State Bank of India (SBI) and Bank of India paid over Rs 2.16 billion and Rs 896 million in 2016-17, while HDFC Bank and ICICI Bank forked out Rs 25.8 million and Rs 78.3 million, respectively.

NEW DELHI: The government has notified April 1 as the implementation date for the electronic way or e-way bill, which will be required for transporting goods valued over Rs 50,000 between states.

Besides, the Central Board of Excise and Customs (CBEC) has also notified the requirement of filing summary return GSTR-3B till June.

Nasa's will get $20.7 billion — $1.1 billion more than 2017 funding and $1.6 billion above the White House request — under a spending bill that cleared Congress this week and was signed by President Trump on Friday.

A big beneficiary will be the planned rocket to take astronauts into deep space and onto Mars, the Space Launch System (SLS), which will get $2.15 billion, and the Orion crew capsule, which will launch on top of the SLS, will get $1.35 billion, AL.com reported.

India captain Virat Kohli is all set to play County cricket in his bid to prepare for the upcoming Test series against England in August-September.

While it is yet to be ascertained which county Kohli will represent, it could be Surrey in all likelihood.

Anna Hazare is back in New Delhi's Ram Lila Maidan and is on an indefinite hunger strike against the Narendra Modi government, nearly seven years after his anti-corruption movement caught the imagination of millions of Indians and shook the then ruling Congress-led United Progressive Alliance (UPA) government.

The BJP has made a gain of 11 additional seats while the Congress suffered an overall loss of four in the biennial elections to 58 Rajya Sabha seats. With this, BJP has consolidated its position in the House, leaving its main rival far behind.

The BJP’s 28 candidates emerged victorious in the polls held on March 23 against 17 retiring members, while the Congress won only 10 seats. Fourteen members of the Congres will retire next week.

Ranchi: Rashtriya Janata Dal (RJD) supremo Lalu Prasad was on Saturday sentenced to 14 years in jail and fined Rs60 lakh by a special CBI court in the fourth fodder scam case pertaining to fraudulent withdrawal of Rs3.13 crore from the Dumka treasury in the early 1990s, a CBI counsel said in Ranchi.

CBI judge Shiv Pal Singh awarded two sentences of seven years each to the former Bihar chief minister under the Indian Penal Code (IPC) and the Prevention of Corruption Acts, he said.

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