Business

India and the US are exploring all possible options to avoid a looming trade war that threatens to erupt if India imposes retaliatory tariffs on a range of American items next month.

Graphite India Ltd (GIL) is seeking shareholders' approval to raise up to Rs 2,000 crore by issuing bonds through private placement to fund probable acquisitions, among others.

BPO firms Aegis and StarTek on Sunday announced the completion of their merger, with the combined entity having revenue of over $700 million and workforce of 50,000 employees across 13 countries, including India.

Finance ministers and central bankers from the world's largest economies meeting in Argentina said heightened trade and geopolitical tensions pose an increased risk to global growth and have called for greater dialogue, according to a draft communique from the meeting.

Allcargo Logistics Ltd is looking at robust growth, buoyed by its container freight station operations in Calcutta and the upcoming logistics park in Haryana.

ATM service providers are fearing disruptions as they draw up plans to recalibrate the 2.4 lakh cash dispensers in the country to accommodate the new Rs 100 notes that are different in both colour and size from the old ones.

Private power producers have slammed a proposed amendment to the electricity tariff policy as "regressive", saying the re-introduction of a cost-plus regime to calculate the cost of power produced by PSUs such as NTPC shields them from competition and is "anti-consumer".

The paints industry expects to pass on the benefit of a lower GST rate to consumers. The GST Council has decided to lower the rate on paints by 10 per cent at its meeting on Saturday.

The GST Council has pruned the 28 per cent slab by cutting tax rates on 191 goods over the last one year, leaving just 35 items, including AC, digital camera, video recorders, dishwashing machine and automobiles, in the highest tax bracket.

Recently, a financial website in the US stoked a debate about ideal savings goals for millennials. How much should the average millennial be able to save, it asked, and offered a solution. It said, a person should be able to save 1x their income by 30, and 2x their income by 35.