Business

The project is to be completed within a period of 48 months after the approval and receipt of statutory clearances, Union minister Piyush Goyal said.

The offer comes at a staggering 49 percent discount to Jet's closing price of 293.70 rupees on Tuesday. Jet Airways shares tumbled after the report, falling as much as 7.5 percent to 271.75 rupees.

Prabhu, who is also the Civil Aviation Minister, said the United Arab Emirates and Saudi Arabia have decided to use India as a base for their food security.

The Congress president said that foreign investment is at a multi-year low in India due to the 'ill-advised and badly thought out economic moves' such as the currency ban and a 'poorly designed GST'.

The gas extracted from Trishna Wildlife Sanctuary would be transported to the North Eastern Electric Power Corporation Ltd (NEEPCO) owned 100 MW gas-based thermal power project at Monarchak.

Mazumdar Shaw also serves as the chairperson and managing director of biopharmaceutical company Biocon.

November's growth was much slower than an upwardly revised 8.4 percent year-on-year increase in October, the data showed.

The NPA of the public sector bank increased in the last three fiscals, with the bad loans soaring to Rs 3,851 crore in 2017-2018, according to the details obtained under the Right to Information (RTI) Act, 2005.

The decision on appeal overturns an earlier ruling by the Delhi High Court that Monsanto - the world's biggest seed maker, which has been bought by Germany's Bayer AG - could not claim patents on GM cotton seeds.

The heads of Indian, Iranian and Afghanistan delegation jointly inaugurated the office of the Indian SPV - India Ports Global Chabahar Free Zone (IPGCFZ) at Chabahar.

It pointed out that the ministry owe the responsibility for superfluous projections regarding production of gas from KG D6 and the banks for unrealistic lending of public money.

The drop in OPEC output in December is the largest month-on-month decline since January 2017, the first month of the earlier supply-cutting deal, according to Reuters surveys.

The Labour Bureau, Ministry of Labour & Employment, has been conducting quarterly quick employment surveys in eight sectors, namely manufacturing, construction, trade, transport, accommodation and restaurant, IT/BPO, education and health, said minister.

The RBI is likely to stay on hold in 2019, as inflation is likely to remain within its medium-term target of 4 per cent.

Petrol price in Delhi was cut to Rs 69.04 per litre from Rs 69.26 while diesel rates came down to Rs 63.09 from Rs 63.32 a litre. Petrol prices, which have been on a decline since October 18 except for one day, are at their lowest level of 2018.

Leading corporate legal firm Corporate Professionals' founder Pavan Kumar Vijay said there is a need to increase competition in the banking space and that calls for a review of the ownership guidelines, which have been a cause for non-participation to obt...