NCLT critical of Essar bid drill

ArcelorMittal may not be eligible to submit a resolution plan for Essar Steel India Ltd by merely offloading shares in bankrupt Uttam Galva Steels Ltd (UGSL) and KSS Petron, a two-member bench of the National Company Law Tribunal (NCLT) of Ahmedabad has observed.
Sambit Saha Apr 23, 2018 00:00 IST

JSW open to fresh offers

JSW, which joined Numetal in a step-down subsidiary during the second round of bids, appears to be pushing for a fresh bid open to all.
SAMBIT SAHA Apr 23, 2018 00:00 IST

Post-Brexit push for services deals

India wants the rules to be eased for the movement of highly skilled workers such as software professionals, engineers and medical professionals on short-term visas as part of separate post-Brexit trade deals that Britain and the European Union are proposing.
Jayanta Roy Chowdhury Apr 23, 2018 00:00 IST

Coke dumping levy fails to limit import

The import of low ash metallurgical coal from China and Australia has gone down only fractionally in 2017-18 despite the imposition of an anti-dumping duty.
Pinak Ghosh Apr 23, 2018 00:00 IST

Audi looks to roll out hatchback

Audi, the German marque, which slid to the third position in the luxury vehicle pecking order, is now mulling to play in the volume segment by bringing in a hatch to India.

Urjit expects faster growth

The Indian economy gave a resilient performance in 2017-18 and the country's growth is expected to accelerate next fiscal, RBI governor Urjit Patel has said.
PTI Apr 23, 2018 00:00 IST

Outlook stable for Bengal IT

Software and service exports from Bengal's units under the Software Technology Parks of India (STPI) are expected to grow around 3-4 per cent in 2017-18.
A Staff Reporter Apr 23, 2018 00:00 IST

IMF policy to fight corruption

The International Monetary Fund (IMF) will systematically address corruption and its impact on economic growth with all its member countries, under new guidelines launched on Sunday.
PTI Apr 23, 2018 00:00 IST

Digital defence

We live in an era of hyper-connectivity. The various devices and applications used in our homes or at workplaces have now become so integrated that it's hard to keep them separate. In a matter of seconds, a user with Internet connection can download, transmit and transact information that can be shared across devices.
Apr 23, 2018 00:00 IST

Medical expense

• I am an income taxpayer. My father stays with me and he suffers from Parkinson's Syndrome. Under section 80DDB, there is a provision to claim medical benefits of up to Rs 1 lakh towards expenditure on illness. What is the procedure of getting this relief and what are the documents required?
Apr 23, 2018 00:00 IST

Fiat route to book fugitives

The Union cabinet on Saturday approved a proposal to promulgate the Fugitive Economic Offenders Ordinance 2018, giving powers to the government to seize domestic assets of those deemed to be fugitive economic offenders by a court of law.
Our Special Correspondent Apr 22, 2018 00:00 IST


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