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Tamil Nadu seeks permanent closure of Vedanta's copper smelter: officials

THOOTHUKUDI, India Tamil Nadu state said on Thursday that it was seeking a permanent closure of a big copper smelter run by London-listed Vedanta Resources after 13 people died in protests demanding the closure of the plant on environmental grounds.

Recent Business News

Tech Mahindra fourth-quarter profit tops estimates on more deal wins

Tech Mahindra Ltd posted a quarterly profit on Friday that handily beat analysts' estimates, boosted by a rise in deal wins and the rupee's weakness against the U.S. dollar.

4:26pm IST

Exclusive: OPEC, Russia discuss raising oil output by about 1 million bpd - sources

DUBAI/MOSCOW/LONDON Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil output by around 1 million barrels per day (bpd), easing 17 months of strict supply curbs amid concerns that a price rally has gone too far, sources familiar with the matter said.

1:55pm IST

Saudi minister Falih says Aramco IPO likely in 2019

ST PETERSBURG Saudi Arabia is most likely to hold the initial public offering (IPO) of oil giant Aramco in 2019, Energy Minister Khalid al-Falih said on Friday, confirming a delay from the initial plan to list the company this year.

4:15pm IST

IDBI Bank posts sixth straight quarterly loss

IDBI Bank Ltd reported a loss of 56.63 billion rupees ($834.82 million) for the fourth quarter as the state-run lender booked higher provisions following stricter central bank rules on bad loans.

4:21pm IST

Slower growth, higher prices or more subsidies: Asia's oil-related trilemma

BANGKOK/MANILA Sujinda Cherdchai, who represents inter-regional bus operators in Thailand, told government officials this week that without any government support her industry has two options: higher fares or cutting services for some routes.

Top News 10:59am IST


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