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PSA-Sical gets apex court relief in Royalty dispute with VOC Port

Supreme Court orders shipping ministry and Chidambaranar Port Trust to maintain status quo, restrains port authorities from taking any action against the firm

TN to gain Rs 4,000 cr by repurposing old coal units for clean energy

Four coal plants are approaching or have crossed the 25-year mark after which they have to mandatorily be retired. They have high per-unit running costs and depend on lengthy coal supply chains

India stares at fuel shortage with spike in under-recovery at OMCs

The under-recoveries suffered by OMCs are around Rs 20-25 a litre for diesel and Rs 14-18 a litre for petrol, said sources

STFC not considering increase in lending rates: Company vice-chairman

It will be 'nimble-footed' as a NBFC and not seek a banking license, says Umesh Revankar

Ashok Leyland arm Switch Mobility to raise $300 mn, unveils e-bus platform

Firm currently has orders for over 600 buses, is betting big on govt tenders and sees market for e-buses growing 10x in next 2-3 years

India's post-pandemic electricity generation growth outpaced peers

Like India, multiple lower middle income countries face power outages

'Captain' on sticky wicket: Bypoll defeat, gold scam queer Pinarayi's pitch

To Pinarayi, a victory in Thrikkakara would have come as public endorsement of his development initiatives, including controversial K-Rail project, which has witnessed widespread protest

Dhanlaxmi sees a subdued EGM; financial concerns, rights issue discussed

The EGM was called by a group of minority shareholders unhappy with the workings of the bank and its financials

Ford India lines up 'non-negotiable' severance package for workers

Warns early closure of unit, legal action against workers starting June 14

Stormy Dhanlaxmi EGM on cards today under a cloud of allegations and exits

The Dhanlaxmi Bank EGM has been called by a group of eleven minority shareholders unhappy with the working of the bank, and its financials

Tata Tech eyes acquisitions, 69% growth to nearly $800 mn by 2025

For the year ended March 2022, Tata Technologies revenue was seen at $473.5 million, along with an operating profit of $ 86.5 million and profit after tax of $58 million

Shriram Transport Finance secures $250 mn funding from US govt's DFC

The company will use the money as part of its social finance framework to create employment and to give loans to small businesses

Tamil Nadu agency blacklists Abbott for five years for hiding information

TNMSC Managing Director Deepak Jacob said the step was taken after a complaint from Paris Legal Cell in Chennai

Troubled times for India Inc as ransomware attacks become more frequent

Industry experts point to a spike in the use of Ransomware as a Service (RaaS), a SaaS-based attack vector. Criminals can buy it on the dark web and needn't know how to code it in order to use it

Covid-19 pandemic: Maharashtra, Kerala on high alert as cases spike

On Tuesday, Maharashtra recorded 1,881 new Covid cases, 81 per cent more than the previous day and highest since February 18

Striking Ford India workers' only hope: Tamil Nadu govt will save jobs

The closure of the Ford factory at Maraimala Nagar will affect a total of around 40,000 jobs in total because the factory jobs are linked to many ancillary units which employ unorganised workers

Hope lies in tatters in Tiruppur as cotton and yarn prices go up

Despite the pandemic, the hub posted exports of Rs 33,525 crore in 2021-2022, contributing to around 1 per cent of the country's exports revenue

Ford India workers' protest for better severance package enters Day 4

The management is reportedly considering a 'loss of pay' option for the striking staff

Vedanta, ONGC, Oil India submit bids for discovered small field auctions

26 companies submit 106 bids in DSF - III for which the last date of submission was May 31

India's domestic crude oil production slips to 28-year low in FY22

Production declined every month for last 4-and-a-half years in core sector index; old fields among likely reasons