Free Press Journal
  • Bhushan Steel, Bhushan Power face insolvency action

    New Delhi: The National Company Law Tribunal today allowed banks to initiate insolvency proceedings against Bhushan Steel and another firm, Bhushan Steel and Power.

  • Economics of Mumbai-Nagpur Expressway

    One of the ambitious projects that Maharashtra State Road Development Corporation (MSRDC) is focusing on is Maharashtra Samruddhi Corridor.  This project is known to be the pet project of Maharashtra chief minister Devendra Fadnavis and promises to connect Eastern Maharashtra with Western Maharashtra. Despite the economics that support the project, there has been a hue and cry when authorities started approaching farmers and tribal communities to buy land. The project which was

  • GAIL creates corpus of Rs 50 cr for ‘Pankh’

    New Delhi : With an aim to support start-ups and mentor those in core areas of the company like natural gas and its derivatives, GAIL has created a corpus of Rs 50 crore. The company has launched a start-up initiative titled ‘Pankh’ to identify and promote innovative ventures.

  • Bharti Airtel Ltd Chairman Sunil Mittal

    Interconnection charges has no relation with tariff, says Sunil Mittal

    New Delhi : Charges as levied by an operator on incoming calls landing on its network have no relation with tariff, Bharti Airtel Chairman Sunil Bharti Mittal told regulator Trai, pitching for continuation of interconnect user charge (IUC).

  • GDP growth in last 2 yrs of UPA rule below projections: Niti Aayog

    New Delhi : The actual performance of India’s economy during the last two years of the UPA government (2012 -13 and 2013-14) was worse than the ‘policy logjam’ scenario witnessed in the 12th Five Year Plan, Niti Aayog has said.

  • RBI processing old notes to verify numerical authenticity: FM

    New Delhi : The old 500 and 1,000 rupee notes are being reconciled and processed by the RBI for verifying numerical accuracy and authenticity and the progress is being closely monitored, Finance Minister Arun Jaitley said on Tuesday.

  • ‘Banks’ exposure to telecom sector is Rs 97,681 crore’

    New Delhi : Finance Minister Arun Jaitley said banks have an exposure of Rs 97,681 crore in the telecom sector, which is grappling with financial stress. In a written reply to the Rajya Sabha, Jaitley said SBI chairman has pointed out that stress in the telecom sector has reached ‘highly unsustainable levels’ due to erosion of topline and earnings of the service providers.

  • Government looking at RJio free phone offer for possible GST avoidance

    New Delhi : The finance ministry is examining Reliance Jio Infocomm Ltd’s offer to give 4G-enabled feature phones to customers at effectively “zero” price for possible goods and services tax avoidance, two senior ministry officials said on Tuesday.