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

Terms set for easing jute packing rules

The standing advisory committee which recommends jute-packaging norms to the government has called for a conditional dilution on the use of jute bags to pack foodgrains for jute year 2018-19 (July-June).
A Staff Reporter Jun 22, 2018 00:00 IST

Cleartrip acquires Saudi travel company

Online travel aggregator Cleartrip has acquired Saudi Arabia-based Flyin, engaged in a similar business, for an undisclosed amount to capitalise on the growing shift to online travel in the Middle East and North African (MENA) region.
Our Bureau Jun 22, 2018 00:00 IST

Action in NSE case

The Securities and Exchange Board of India (Sebi) on Thursday said it had initiated enforcement actions against various entities in the National Stock Exchange co-location case.
Our Special Correspondent Jun 22, 2018 00:00 IST

Capgemini strategy

French technology major Capgemini on Thursday hinted at slowing down on local hiring in the country as it has hit a peak in terms of transferring jobs from the developed markets.
Jun 22, 2018 00:00 IST

Funds pamper Swiggy palate

Online food delivery platform Swiggy on Thursday took on the unicorn's mantle, raising $210 million in a fresh round of funding, led by Naspers and DST Global. The transaction will also see participation from Meituan-Dianping and another new investor, Coatue Management.
Our Special Correspondent Jun 22, 2018 00:00 IST

Arvind lists growth challenges

Outgoing chief economic adviser Arvind Subramanian on Wednesday said achieving a double-digit growth would be challenging because of a deteriorating external economic environment, pouring cold water on interim finance minister Piyush Goyal's assertion that the magical number was just round the corner.
Jayanta Roy Chowdhury Jun 21, 2018 00:00 IST

Cuffs on BoM boss

Police arrested the chief executive and an executive director of state-run Bank of Maharashtra on Wednesday, accusing them of misusing their authority in making loans to a property developer.
Jun 21, 2018 00:00 IST

Pradhan roots for stable crude price

India has urged the Organisation of Petroleum Exporting Countries (Opec) to keep crude price at a reasonable level at a time the cartel of oil producers and others are meeting in Vienna to review the production cut agreed till the end of this year.
Our Special Correspondent Jun 21, 2018 00:00 IST


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