India takes US levy row to WTO

India has dragged the US to the World Trade Organisation's dispute settlement mechanism over the imposition of import duties on steel and aluminium, an official said on Saturday.
Agencies May 20, 2018 00:00 IST

BoI on recovery route

Bank of India (BoI) has recovered around Rs 9,000 crore from standby letters of credit issued by other banks. The public sector lender is hopeful of recovering the remaining amount of around Rs 500 crore this month.
A Staff Reporter May 20, 2018 00:00 IST

US taps firms in east

The United States is hoping to encourage as many companies from the eastern region to participate in the SelectUSA Investment Summit as last year even though it may fall short of the target.
Our Bureau May 20, 2018 00:00 IST

Drill begins to pick new CCI chief

The government has begun a search process to find the next chairperson of fair trade regulator the Competition Commission of India (CCI) after the end of the tenure of incumbent D.K. Sikri later this year.
PTI May 20, 2018 00:00 IST

Crude tension rises

The steep rise in crude oil prices has put the government on a high alert as it tries to minimise their impact on the economy.
Our Special Correspondent May 19, 2018 00:00 IST

Novel drill in Bhushan

The Tatas have worked out an ingenious novation agreement under which they have bought over a passel of Bhushan Steel debt worth Rs 20,000 crore against a payment of just Rs 100 crore to the banks.
Sambit Saha May 19, 2018 00:00 IST

Oil travails blunt sentiment

Mounting concerns over rising crude oil prices and uncertainty over government formation in Karnataka brought more bad news for investors on Friday with key indices ending in the red for the fourth consecutive session. While the 30-share Sensex cracked 300 points to close at 34848.30, the broader NSE Nifty fell below the 10600-mark to 10596.40.
Our Special Correspondent May 19, 2018 00:00 IST

Tata Sons inducts Manwani to board

Harish Manwani, the non-executive chairman of FMCG giant Hindustan Unilever Ltd (HUL), has been appointed as an independent director of Tata Sons, the holding company of the over $100 billion conglomerate.
Our Special Correspondent May 19, 2018 00:00 IST

JSW Steel buys Aferpi

JSW Steel on Friday inked a pact with Algeria's Cevital to buy its Italian arm Aferpi for around Rs 441 crore.
Our Bureau May 19, 2018 00:00 IST

Commodities to open up

The Securities and Exchange Board of India (Sebi) on Friday sought to expand the domestic commodity derivatives market when it proposed that foreign entities that have an exposure to physical commodities in India be allowed to trade.
Our Special Correspondent May 19, 2018 00:00 IST

Sumitomo stake in Mukund JV

Sumitomo Corporation of Japan has acquired a 49 per cent stake in joint venture Mukand Sumi Special Steel for Rs 1,180.99 crore.
Our Special Correspondent May 19, 2018 00:00 IST


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