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Business

India seeks talks with US on steel levy

India has sought talks with the US under the WTO's safeguard agreement against the Trump administration's decision to impose import duties on certain steel and aluminium products.
Apr 19, 2018 00:00 IST

ATM operators seek transaction fee hike

Service operators have sought a higher interchange fee for ATM transactions amid concerns over cash shortage in some parts of the country. This demand comes in the wake of a circular issued by the RBI on April 6.
Our Special Correspondent Apr 19, 2018 00:00 IST

Adani to gain from pact with Sweden

Saab-Adani's joint venture in Grippen fighter jets is likely to get a boost from a decision taken to sign a pact allowing Sweden to transfer military technology to India.
Jayanta Roy Chowdhury Apr 19, 2018 00:00 IST

Triple policy prop on Bengal radar

The Bengal government is working on three polices to draw investors to the state. These include policies on incentives, export promotion and maritime trade.
A Staff Reporter Apr 19, 2018 00:00 IST

Uber wants lead role in alliances

Uber is open to forming alliances in the Indian market but will not agree to a deal where it ends up with a minority stake.
Apr 19, 2018 00:00 IST

ESL goes to Vedanta

The Calcutta bench of the National Company Law Tribunal has declared Vedanta as the successful resolution applicant for bankrupt Electrosteel Steels Ltd (ESL), overruling the objection of Renaissance Steel India Pvt Ltd, which plans to challenge the decision at the appellate tribunal.
Sambit Saha Apr 18, 2018 00:00 IST

Blame game in cash crunch

A blame game has broken out after scores of ATMs ran dry across parts of the country with fingers being pointed at the Reserve Bank of India (RBI) for the cash crunch and the latter riposting that banks and ATM cash management firms had messed things up by failing to cope with the logistics of replenishing cash in these machines.
Our Special Correspondent Apr 18, 2018 00:00 IST

Binani lenders justify choice

The lenders of bankrupt Binani Cement Ltd have justified their decision to back a lower financial offer from Dalmia Bharat, arguing they played by the rulebook to spurn a revised and higher offer from UltraTech Cement.
Our Special Correspondent Apr 18, 2018 00:00 IST

Hint of Deutsche rethink

Deutsche Bank may evaluate the possibility of retaining its Indian retail and wealth management business.
Our Bureau & Agencies Apr 18, 2018 00:00 IST

Reasons for hoarding

Analysts have cited multiple reasons for the sudden cash crisis - from the impending elections and the launch of the GST to a fear psychosis among people about sudden changes in government policy post demonetisation.
Jayanta Roy Chowdhury Apr 18, 2018 00:00 IST

Strict KYC rule plays its part

The latest bout of cash crunch in some parts of the country has thrown up a paradox in digital transactions.
Our Special Correspondent Apr 18, 2018 00:00 IST

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