Coal India slips on divestment buzz
Coal India fell 4.17% to Rs 360.10 at 11:09 IST on BSE on report the government is planning to sell a 10% stake in the state-run coal miner. Meanwhile, the BSE Sensex was down 25.07 points, or 0.09%, to 27,433.31. On BSE, so far 1.26 lakh shares were traded in the counter, compared with an average... read more »
Alibaba to Buy $550 Million Stake in Paytm’s Parent Company: Report
China’s Alibaba Group Holding Ltd and its unit Alipay are in advanced talks to buy a stake for about $550 million (roughly Rs. 3,417 crores) in India’s One97 Communications, which owns an online payment platform, sources directly involved in the transaction said. The investment by... read more »
Aditya Birla Group to invest Rs 20,000 crore in Gujarat
Making public his “personal bias” for investing in Gujarat, Kumar Mangalam Birla on Sunday said the diversified Aditya Birla Group will invest Rs 20,000 crore over a period of time in the state to ramp up capacities across various existing facilities. “We will be continuing to... read more »
Essar Oil to invest Rs 6k cr to expand Vadinar refinery in Guj
xEssar Oil, which has a 20 million tonne per annum (MTPA) refinery at Vadinar in Gujarat, plans to pump in Rs 6,000 crore to expand its capacity. The plant started commercial production in 2008. Prashant Ruia, Group CEO of Essar, announced the refinery’s expansion plans at the Vibrant Gujarat... read more »
