In other news, the Indian Railways will spend Rs 9,000 crore over the next three years to procure new wagons as it seeks to beef up its goods transportation services
Asian stocks gain in morning trade
Asian markets opened higher. Stocks rose, tracking the overnight gains in the US stocks, as focus shifted to corporate earnings,
Supreme Court stays NCLAT order on partial sale of RCom assets
The Supreme Court stayed a National Company Law Appellate Tribunal (NCLAT) order that had allowed for partial sale of assets of Reliance Communications Ltd (RCom) to Reliance Jio Infocomm until the tribunal decides on the case.
Fortis Healthcare raises Rs150 crore debt to stave off bankruptcy
Fortis Healthcare Ltd, which is weighing multiple takeover offers for its assets, has got a Rs150 crore bridge loan from RattanIndia Finance amid a credit squeeze.
Meanwhile the board of Fortis Healthcare would meet on Thursday to consider options after the company became the target of rival takeover bids,
Adani Ports in pact to offer LNG regasification services
Adani Ports and Special Economic Zone has signed an agreement with Indian Oil Corporation to provide liquefied natural gas (LNG) regasification services at its upcoming terminal at Dhamra in Odisha
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