Saturday, 24th June 2017
RIL overtakes TCS; becomes most valued Indian firm
Indian conglomerate Reliance Industries Limited (RIL) recaptured the status of the India's most valued company, after a period of two months, as the company outpaced Tata Group's Tata Consultancy Services on Friday, June 23, on the basis of market valuation.
Fiscal deficit of states rise to Rs 4.93 lakh crore in FY16: RBI
The latest RBI data reported a hike in the gross fiscal deficit of all the states of India, surging to Rs 4,93,360 crore in FY16 from a Rs 18,790 crore in FY1991. While the states with the highest deficits were Uttar Pradesh, followed by Rajasthan.
Lenders give green signal for Rs 86,000 crore Essar Oil sale to Rosneft
Mumbai-based Indian conglomerate group, Essar group dodged its last obstacle to complete the sale of the group's Gujarat refinery to Russia's integrated oil major, Rosneft, as the group's lenders including the LIC, gave a green signal to the deal, according to the market reports. 
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