Tata Steel deal

New Delhi, Nov. 10: Tata Steel today announced floating a 50:50 joint venture with global giant Bluescope Steel to produce zinc and aluminium metallic coated, painted and roll-formed steel products. The proposed agreement, which is to be signed on November 16 in Jamshedpur, also includes an investment of Rs 900 crore for the construction of modern metallic coating and painting facility in the same town. The JV firm will be headquartered in Pune.

Export norms

New Delhi, Nov. 10: The Reserve Bank of India will soon issue guidelines to reduce the processing charges and speedy loan sanctions to exporters, as part of efforts to increase the country?s exports business.

Usha Thorat

Mumbai, Nov. 10: Usha Thorat today took over as the deputy governor of the Reserve Bank of India. She has been appointed for five years.

Tax mop-up

New Delhi, Nov. 10: Revenue collections recorded a growth of over 20 per cent during the April to October period this fiscal at Rs 1,69,879 crore against Rs 1,41,259 crore in the same period last year.

Equity rating

Mumbai, Nov. 10: Terming the Indian equity markets as most expensive among the emerging markets, DSP Merrill Lynch has downgraded its rating on India and recommended investors to ?sell-into-strength? in equities for the short-term.