Trappier says there was no pressure to choose Ambani's firm, and that the decision was taken by Dassault only; he adds Dassault already has 30 partners other than Reliance.

Dassault Aviation CEO also rejected the contention that the Indian side had nudged him to give the offsets to Anil Ambani's Reliance Group.

The Lakshmi Mittal-owned global steel giant bagged the lenders' approval following a long legal battle with other players in the race for acquiring Essar Steel.

Of the total amount of Rs 4,500 crore, the amount calculated for Uttam Galva is Rs 3,987 crore and Rs 567 crore for KSS Petron, however this does not include the penal interest or other charges.

Prime Minister Narendra Modi today warned oil producers like Saudi Arabia that high crude prices are hurting the global economy and sought a review of payment terms to provide a temporary relief to the local currency.

The third annual meeting between PM Modi and CEOs of top global and Indian oil and gas companies would also deliberate on ways to revive investment in oil and gas exploration and production.

MV Seshagiri Rao, joint managing director, JSW Steel, yesterday said that the company was seeking legal opinion on whether it would be eligible to bid for Essar Steel together with contenders that had already thrown their hats in the ring: ArcelorMittal, Numetal and Vedanta.

The Supreme Court allowed ArcelorMittal and Numetal to submit fresh bids for Essar Steel provided they clear their NPA dues in two weeks.