 "News digest: Race for Essar Steel, oil supply, Infosys Q2 results, and more")
Arcelor offers Rs 45 bn to be eligible for Essar
ArcelorMittal has offered to pay around Rs 45 billion as overdue loans of Uttam Galva Steels and KSS Petron to become eligible to bid for Essar Steel, currently going through the insolvency process. The amount calculated for Uttam Galva is Rs 39.87 billion and for KSS Petron Rs 5.67 billion. Read on...
RIL eyes edging out SITI, Airtel in cable, fibre play
Reliance Jio’s proposed acquisition of a 25 per cent stake each in digital cable companies Den Networks and Hathway Cable & Datacom will provide the telecom firm access to over 20 million subscriber homes, giving it an edge over Bharti Airtel and SITI Cable in the cable and fibre-to-the-home (FTTH) broadband markets. Click here to read
No oil supply worries: Opec
The Organization of the Petroleum Exporting Countries (Opec) has said the current market seems fine. This came a day after Prime Minister Narendra Modi raised India's pricing concerns before the cartel's representatives, asking them to review payment terms and provide some relief to a weaker rupee. Read more
Infosys beats estimates, Q2 net profit up 10.3% to Rs 41 bn
In a seasonally strong quarter, the country's second-largest information technology (IT) services player, Infosys, demonstrated an improved performance. It met Street expectations on most counts, backed by large deal wins and broad-based growth in key verticals such as banking, financial services and insurance (BFSI), and retail. However, the Bengaluru-headquartered firm continued to show restraints by not revising its revenue and margin outlook upward. Click here to read
Govt plugs gap in contract work rules
The government has asked states to issue separate notifications allowing fixed-term employment in all private sector companies, seeking to plug a gap that prevented most firms from taking the benefits of one of the biggest labour law reforms in recent years. Read on...
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%