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JSW Steel answers Trump call

Betting big on President Donald Trump's "Buy American" drive, JSW Steel has committed fresh investment of $500 million to the US, taking a pledge to pour in over a billion dollar into steel making facilities in Ohio and Texas.
Our Special Correspondent Jun 23, 2018 00:00 IST

Opec opts for modest output hike

Opec agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to curb rising fuel costs.
Jun 23, 2018 00:00 IST

IDBI Bank sizzles on stake sale buzz

IDBI Bank's shares rose almost 2 per cent on Friday on rumours that the Centre was planning to sell a part of its stake in the bank to the Life Insurance Corporation of India (LIC).
Our Special Correspondent Jun 23, 2018 00:00 IST

Lenders approve RIL revival plan for Alok

Lenders of textile firm Alok Industries have approved a resolution plan jointly submitted by Reliance Industries and JM Financial Asset Reconstruction Company.
Our Special Correspondent Jun 23, 2018 00:00 IST

Modi mantra for growth

Prime Minister Narendra Modi on Friday stressed the need to target double-digit growth to enter the elite club of a $5-trillion economy and said India's share in world trade has to more than double to 3.4 per cent.
Our Special Correspondent Jun 23, 2018 00:00 IST

Move to build trade bridges

India is trying to resolve trade disputes with all countries, including the US, Union commerce minister Suresh Prabhu said on Friday.
Our Special Correspondent Jun 23, 2018 00:00 IST

Skoda in driver's seat

Skoda Auto, part of the Volkswagen group, is set to steer the group's India operations as the German automobile major looks to expand and consolidate its presence as part of its next growth phase in the country.
Our Bureau Jun 23, 2018 00:00 IST

ICICI counters fresh plaint

ICICI Bank on Friday said it had received a complaint from an anonymous whistleblower in March about financial statements of the lender in earlier years.
Our Special Correspondent Jun 23, 2018 00:00 IST

Tit-for-tat tariff against US ready

India notified retaliatory tariffs on 30 products worth $240 million imported from the US to counter the unilateral hike in duties on steel and aluminium by Washington.
Our Special Correspondent Jun 22, 2018 00:00 IST

Sebi makes IPO norms simpler

The Securities and Exchange Board of India (Sebi) has relaxed IPO norms to allow companies to announce the price band two days before an offering.
Our Special Correspondent Jun 22, 2018 00:00 IST

Banks put on ATM alert

Taking a serious note of the slow progress of banks in addressing security issues, the Reserve Bank on Thursday gave them strict timelines to upgrade their ATMs, or else face action.
Our Bureau Jun 22, 2018 00:00 IST

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