Supreme Court rejects Essar’s plea against Hazira port expansion

New Delhi:¬†The Supreme Court on Thursday rejected an Essar Group company‚Äôs petition challenging a Gujarat government move to expand the limits of the Hazira port. Dismissing Essar Bulk Terminal Ltd‚Äôs (EBTL) appeal, a bench headed by justice Rohinton F. Nariman upheld the Gujarat government‚Äôs 2016 notification in this respect. The notification was not contrary to […]

Petronet eyeing ‚Äėeco-structure‚Äô to boost LNG adoption: CEO Prabhat Singh

Mumbai:¬†Petronet LNG Ltd, India‚Äôs largest importer of liquid gas, plans to set up a liquefied natural gas eco-structure, Prabhat Singh, chief executive and managing director of the company said. ‚ÄúEco-structure means creating infrastructure where we have filling stations, service stations, storages etc. Through infrastructure, we can excite people to convert to LNG,‚ÄĚ said Singh.¬†He was […]

Federal Bank to acquire a 26% stake in Equirus Capital

Mumbai:¬†Kochi-based private lender Federal Bank Ltd on Thursday said in a stock exchange filing that it would acquire a 26% stake in Mumbai-based investment bank Equirus Capital Pvt. Ltd. Financial details of the transaction were not disclosed. Equirus Capital said in a statement that the board of directors of Federal Bank had approved the acquisition […]

Rupee opens higher against US dollar on Asian cues

Mumbai:¬†The Indian rupee on Friday strengthened against the US dollar, tracking gains in its Asian peers. The local currency opened at 64.96 a dollar. At 9.15am, the home currency was trading at 64.87, up 0.27% from its previous close of 65.05. India‚Äôs benchmark Sensex index rose 0.28% or 93.09 points to 33,913.59. So far this […]