Free Press Journal

    Sensex extends losses on foreign fund outflows, rising oil prices

    Mumbai: The BSE Sensex drifted lower by another 125 points in early trade today amid unabated foreign fund outflows and surging global crude oil prices. The rupee depreciating against the US dollar also affected momentum.

  • IHH still keen on Fortis, extends bid validity to May 29

    New Delhi : Malaysian firm IHH Healthcare on Thursday said it has extended the acceptance period of its enhanced revised proposal for Fortis Healthcare to May 29 after which it shall lapse.

  • Aviation ministry seeks ATF under GST regime

    New Delhi : The Civil Aviation Ministry is likely to approach the GST Council soon for bringing aviation turbine fuel (ATF) under the tax regime.

  • Malaysia scraps GST, experts advise caution to India

    New Delhi : Malaysia scrapped a 6 per cent rate on the goods and services tax, fulfilling a campaign promise by Prime Minister Mahathir Mohamad that gave him an unexpected win in last week’s election.

  • NuMetal offers Rs 37k-cr for Essar, bats for 2nd round

    New Delhi : Russia’s VTB Capital-based NuMetal on Thursday told the company law appellate tribunal, NCLAT, that it has offered over Rs 37,000 crore for Essar Steel in the second-round of bidding, which should be opened and the highest bidder be selected from it.

  • Jaypee Infratech Q4 net loss at Rs 480 cr

    New Delhi : Bankruptcy-hit Jaypee Infratech on Thursday reported a standalone net loss of Rs 480.45 crore for the quarter ended March on lower sales.

  • Renaissance challenges Vedanta-Electrosteel deal

    New Delhi : The National Company Law Appellate Tribunal (NCLAT) on Thursday admitted the petition of Renaissance Steel challenging Vedanta’s bid for debt ridden Electrosteel.

  • NCLAT to hear Bhushan plea

    New Delhi: The National Company Law Appellate Tribunal (NCLAT) will next week hear Bhushan Steel promotor Neeraj Singal’s plea against acquisition of the company by Tata Steel.