Business

Stocks worldwide came under fire on Wednesday after the US and China escalated their trade tensions with a fresh round of retaliatory tariffs.

Burn Standard, the 237-year-old wagon-maker, will be shut down and sold off because of poor financial performance, the government said on Wednesday.

Fixed deposit and debenture holders in firms taken up for bankruptcy proceedings may soon get to place a representative in the creditors' committee. Moreover, the home buyers of projects under bankruptcy proceedings will be treated as financial creditors under the new amendments to the insolvency law.

The growth in cargo and container traffic has helped the Calcutta Port Trust to record higher operating income and earnings in 2017-18.

Rashtriya Ispat Nigam Limited has set its sights on returning to black in 2018-19 after struggling with operational losses in the last two years.

Senior officials of India and the European Union will meet in Brussels next week in a bid to break the deadlock over a free trade agreement.

Rating agency Crisil on Wednesday warned housing finance companies (HFCs) should exercise caution while disbursing loans to self-employed borrowers as delinquencies in this segment have been rising.

ICICI Securities had a disappointing debut on the bourses on Wednesday with its shares finishing at a discount of 14.41 per cent to its issue price.

Bidding rules for city gas distribution licences in 100 cities have been revamped with greater weightages given to criteria such as the number of gas connections and CNG stations.

Numetal's bid for Essar Steel could totter on shaky legal ground if the National Company Law Tribunal accepts ArcelorMittal's arguments against Rewant Ruia and VTB of Russia when the hearing on the eligibility of the suitors begins on Wednesday.