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Business

No-trust jitters for stocks

The acceptance of a no-confidence motion in Parliament on Wednesday affected investor sentiment with the key indices sliding from their peaks. Even as the BSE Sensex settled almost 147 points lower after hitting a new intra-day record, the broader Nifty fell 27 points.
Our Special Correspondent Jul 19, 2018 00:00 IST

Royalty relief for oil duo

State-owned ONGC Ltd and Oil India will pay royalty and cess on the oil blocks awarded to them before 1999 to the extent of their equity holding in these blocks and not the full amount.
Our Special Correspondent Jul 19, 2018 00:00 IST

Sun breaks Halol jinx with US nod

Sun Pharmaceutical Industries has received its first drug approval in more than four years for its Halol plant from the US Food and Drug Administration (US FDA).
Our Special Correspondent Jul 19, 2018 00:00 IST

Bill in LS to amend airports act

The government on Wednesday introduced a bill in the Lok Sabha to amend the Airports Economic Regulatory Authority (AERA) of India Act to allow a new model of bidding for airport concessions working on a pre-determined tariff or a lowest-tariff model.
Our Special Correspondent Jul 19, 2018 00:00 IST

Sugar mills fret as cane price goes up

The government on Wednesday increased the minimum price sugar mills pay to cane growers by Rs 20 to Rs 275 per quintal for the next marketing year starting October.
Our Special Correspondent Jul 19, 2018 00:00 IST

Bill to ban ponzis

The government on Wednesday introduced a bill in the Lok Sabha to ban unregulated deposit schemes and up to 10 years of jail for the perpetrators of ponzi schemes such as the Saradha group.
Our Special Correspondent Jul 19, 2018 00:00 IST

Bigtree gets fresh dose of cash

Bigtree Entertainment, which operates the online ticketing platform BookMyShow, has raised $100 million (about Rs 685 crore) in a funding round led by TPG Growth.
Our Special Correspondent Jul 19, 2018 00:00 IST

Bandhan net jumps 48%

Bandhan Bank has posted a 47.51 per cent growth in net profit for the first quarter ended June 30, 2018. Net profit at the end of the quarter was Rs 481.7 crore against Rs 326.6 crore in the corresponding quarter a year ago.
A Staff Reporter Jul 19, 2018 00:00 IST

Recipe for big leap in steel

India requires investment of around Rs 10 lakh crore in steel to raise production to 300 million tonnes (mt) per annum by 2031 from 102mt now.
Jayanta Roy Chowdhury Jul 19, 2018 00:00 IST

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

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