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Lodestar UM retains Rs 500 crore Mahindra & Mahindra media business after 4-month pitch

53 PM ISTGetty ImagesThe vehicle maker, which spends around Rs 500 crore on media annually, is one of Lodestar UM’s oldest and most prestigious media accounts with a relationship of more than two decades.MUMBAI: IPG Mediabrands’ Lodestar UM has managed to retain the media account of Mahindra & Mahindra after a four-month-long competitive pitch.

Coal auctions under current round to fetch four states Rs 43,000 crore

The highest revenue of about Rs 37,000 crore will go to Odisha, where Vedanta was the highest bidder at Rs 1,674 per tonne for the Jamkhani block with 222 million tonnes extractable.58 AM ISTBCCLKOLKATA: The current round of coal block auction for the non-regulated sector is likely to fetch four states about Rs 43,000 crore over the life of the mines from the extractable reserves, analysts said.

Jewellery exports dip 5.49% in October to Rs 24,583 crore: GJEPC

The exports stood at Rs 26,010.14 per cent during April to October 2019 to Rs 1,57,326.

IOCL gets environmental clearance to set up Rs 766-crore 2G ethanol plant in Panipat

Recently, the central government had notified that no environmental clearance would be required by sugar mills to produce additional ethanol from sugarcane juice.31 PM ISTBCCLThe IOCL had submitted a proposal seeking environment clearance for its proposed 100 KLPD Ligno-Cellulosic 2G ethanol plant at Baholi in Panipat district of Haryana.

Amrapali, Unitech & Jaypee Infratech homebuyers left out from FM's Rs 25,000 crore booster

The finance ministry had clarified that Rs 25,000 crore stress fund would not be invested in projects which are facing litigation in courts.The SC had de-registered Amrapali’s projects.

NGC Energy, Petredec to set up Rs 400-crore LPG terminal

36 PM ISTBCCLRepresentative ImageCHENNAI: NGC Energy India Pvt Ltd - a joint venture between Oman-based National Gas Company and Singapore-headquartered Petredec - would jointly set up a liquified petroleum gas import and storage terminal at Krishnapatnam Port at an investment of Rs 400 crore.4 million tonne per annum, company officials said here.

Even a 10% hike in tariffs may fetch telcos Rs 35,000 crore: DoT

“If we increase this by even 10%, that is (about) Rs 11, then it comes to Rs 141,” said one of the officials.“The total impact will be Rs 11,000 crore per year and that is about Rs 33,000 crore in three years, presuming the demand remains constant, so industry can gain this much if they increase the price by Rs 10 per GB.

Banks to take 55% haircut on Coastal Energen’s debt of Rs 6,500 crore

A 55% haircut works out to an upfront cash payment of Rs 2,925 crore, whic.41 AM ISTBCCLCoastal Energen is the flagship power generating firm of Ahmed Buhari-held Coal and Oil Group.

KEC International wins orders worth Rs 1,807 crore from rail, power T&D

The orders include railway jobs worth business Rs 1,303 crore for overhead electrification of railway lines and associated civil works, construction of road over bridges, roadbeds, major and minor bridges.51 AM ISTAPThe orders include railway jobs worth business Rs 1,303 crore for overhead electrification of railway lines and associated civil works.

DoT weighs options to recover Rs 20,000 crore dues from RCom

New Delhi: The Department of Telecommunications (DoT) is exploring options for recovering nearly Rs 20,000 crore in dues from Reliance Communications (RCom), which is undergoing bankruptcy resolution, senior officials said.Further, in case any past dues are discovered after the deal takes effect, the DoT can recover this from one or both sides.

Niti Aayog draws Rs 11,000-crore plan for states for buying buses

These buses would be run on diesel,” a government official told ET.These buses will be largely internal combustion engine-based ones, helping the industry shed its inventory, separate from the plan already in place to encourage a switchover to electric buses.

GVK raises Rs 7,600 crore to pare debt, buy 23.5% stake in Mumbai Airport

NEW DELHI: The GVK group said it has raised more than Rs 7,600 crore from investors and the proceeds will be used to reduce debt and acquire a 23.This should halt the Adani Group’s bid to acquire a stake in the company that operates Mumbai airport.

Railway freight earnings down by Rs 3,901 crore in Q2; income from passenger fare dips by Rs 155 crore: RTI

This dipped to Rs 13,243.92 crore from freight loading.

Tata Motors: Tata Sons to inject Rs 6,500 crore morale booster into Tata Motors

This plan is part of Rs 10k cr fundraising; proceeds to be used to pare debt and refinance loans.MUMBAI: Tata Sons will infuse Rs 6,500 crore into Tata Motors as part of a Rs 10,000-crore fundraising by the automaker, a move that is aimed at building investor confidence in a company that has seen erosion in its market value and downgrades by global ratings firms.

L&T bags HPCL's order worth over Rs 7,000 crore

The order entails engineering, procurement, construction and commissioning of a RUF for Visakh Refinery Modernisation Project at the Vizag Refinery.26 PM ISTReutersL&T Hydrocarbon Engineering will execute the order for residue up-gradation facility (RUF) for HPCL.

Rupa & Co bets on modern retail for Rs 2,000 crore topline by FY'2021-22

The new strategy is being termed as Rupa 2.Kolkata-based Rupa & Company too has decided to jump on the bandwagon.

SBI to conduct e-auction of 11 accounts to recover dues of Rs 467 crore

NEW DELHI: The State Bank of India (SBI) will conduct an e-auction of 11 bad loan accounts on November 7 to recover dues of Rs 466.The bank said the financial assets were showcased on October 12 and the e-auction will take place on November 7.

HC relief for Adani in Rs 29,000 crore imports case

A Bombay HC halted an investigation by the Directorate of Revenue Intelligence into the alleged Rs 29,000-cr overvaulation of Indonesian coal imports by Adani Group.13 AM ISTBCCLAdani Group has allegedly overvalued its Indonesian coal imports by Rs 29,000 crore.

Bombay High Court directs tax department to refund Rs 788.39 crore to Vodafone-Idea

The tussle between the telco and the IT department started regarding the assessment order 2017-2018 financial year, in which the Kumar Mangalam Birla promoted company suffered losses in excess of Rs 6,600 crore.58 PM ISTAgenciesEarlier this month, Bombay High Court had ordered the IT department to process refund of Rs 374.

Punj Lloyd wins Rs 54-crore arbitration in case vs ONGC

Arbitrators consented to Punj Lloyd’s plea, seeking compensation for expenses incurred in laying a pipeline at Hazira for ONGC.They also accepted ONGC’s counter claims and asked Punj Lloyd to pay Rs 6 cr for an unutilised advance payment.