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Move to protect local steel

India may impose fresh safeguard duties on steel in retaliation against levies imposed by the US as the global trade war threatens to turn for the worse.
Jayanta Roy Chowdhury Jul 18, 2018 00:00 IST

Cash prop to help PSU bank laggards

The government is likely to announce an infusion of nearly Rs 11,500 crore in five PSU banks - PNB, Allahabad Bank, IOB, Andhra Bank and Corporation Bank.
Our Special Correspondent Jul 18, 2018 00:00 IST

HDFC sets price for mutual IPO

HDFC Asset Management Company, the country's second largest mutual fund house, has fixed a price band of Rs 1,095-1,100 per share for its initial public offering (IPO), that hopes to garner up to Rs 2,800 crore.
Our Special Correspondent Jul 18, 2018 00:00 IST

Jet to buy 75 more Boeing planes

Jet Airways, promoted by Naresh Goyal, on Tuesday signed a formal agreement with Boeing to acquire an additional 75 latest single-aisle 737 Max aircraft valued at $8.8 billion at current list prices.
Jul 18, 2018 00:00 IST

LIC seeks promoter status in IDBI Bank

The Life Insurance Corporation (LIC), which is set to acquire a controlling stake in IDBI Bank, wants to come in as a promoter and play a bigger role. The board of IDBI Bank on Tuesday decided to seek the government's response on LIC's proposal.
Our Special Correspondent Jul 18, 2018 00:00 IST

Levy plan to make solar power dear

Solar power tariffs in the country could go up if the commerce ministry's proposal to slap 25 per cent import duty on solar cells shipped from China and Malaysia for the next two years is accepted by the government.
Our Special Correspondent Jul 18, 2018 00:00 IST

Bid to step up farm credit

Nabard has proposed the creation of district level committees and gram panchayat camps to boost Kisan Credit Card offtake and agriculture credit flow to farmers in Bengal.
A Staff Reporter Jul 18, 2018 00:00 IST

Pension for PSU steel staff

The steel ministry has agreed to introduce a pension scheme for state-run companies such as SAIL and RINL that will benefit about 96,000 serving and 56,000 retired employees.
Our Special Correspondent Jul 18, 2018 00:00 IST

Bhushan case drags

The NCLAT on Tuesday stayed the meeting of the Committee of Creditors (CoC) of Bhushan Power and Steel Ltd to vote on the finalisation of bids for the debt-ridden firm.
Jul 18, 2018 00:00 IST

Trai tips on data privacy

People should have the right over their own data and not companies, the Telecom Regulatory Authority of India (Trai) said on Monday.
Our Special Correspondent Jul 17, 2018 00:00 IST

Finance panel to exercise balance

The 15th Finance Commission will exercise a balance between rewarding the performance of states and recognising the need for equity while deciding on the horizontal distribution of revenue among states.
A Staff Reporter Jul 17, 2018 00:00 IST

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