Business
India Again Delays Tit-for-Tat Tariffs on American Goods as US Mulls Sparing Indian Steel, Aluminium
Trade differences between India and US have risen since President Donald Trump took office, but India's decision to further delay comes as the two countries negotiate a package to remove trade frictions over a range of items.
Tata Steel Begins Work on Blast Furnace at UK Plant
Tata Steel is one of Europe's leading steel producers, with steelmaking in the Netherlands and the UK, and manufacturing plants across Europe.
Cryptocurrency Bubble Bursts, Price Index Plummets 80% to its Lowest Ever
Like their predecessors during the internet-stock boom almost two decades ago, cryptocurrency investors who bet big on a seemingly revolutionary technology are suffering a painful reality check, particularly those in many secondary tokens, so-called alt-c...
PNB Puts 21 NPA Accounts on Sale to Recover Rs 1,320 Crore
The public sector lender had put three NPA accounts for sale in April this fiscal and another three accounts in July with collective dues of more than Rs 350 crore.
Govt, RBI to do Everything to Check Rupee Slide to 'Unreasonable Levels': Finance Ministry
In the morning trade, the rupee collapsed to a lifetime low of 72.91 against the dollar, amid surging crude oil prices and uanabated foreign fund outflows.
FinMin in Touch With RBI for Market Intervention to Contain Rupee Value
The RBI has been selling dollars to arrest declining rupee, which led to decline in forex reserves from USD 426 billion in April to USD 400.10 billion at the end of August.
Coca-Cola in Race to Acquire Horlicks From GlaxoSmithKline at $3.9 Billion
Quoting sources, UK-based Sunday Telegraph has said the value of the transaction could be around three billion british pounds (USD 3.9 billion).
India, US Must Boost Bilateral Trade to $500-600 Billion: Suresh Prabhu
India becoming economically strong would only mean, US has a friend and partner, who is stronger than before and strong India will be in the long term interest of US, Suresh Prabhu reiterated.
Rupee Recovers from Life-Time Low, Up 20 Paise Against US Dollar
The domestic currency had lost 37 paise to end at a fresh lifetime low of 71.58 against the resurgent dollar Tuesday as persistent trade worries and macro concerns continued to proliferate.
LIC Board Decides Modalities, Timeline for Stake Hike in IDBI Bank
The process is to be completed, so the board took necessary decisions, said Economic Affairs Secretary S C Garg, who is also a member of the LIC board.
India Follows China’s Lead to Keep Iranian Oil Flowing, Defy US Sanctions Pressure
India wants to continue buying oil from OPEC member Iran as Tehran is offering almost free shipping and an extended credit period.
Almost Half of All Corporate Directors May Not Actually Exist, Govt's Boardroom Cleanup Shows
Separately, another 3.09 lakh directors on the board of companies who failed to file financial statements or annual returns for a continuous period of three financial years during 2013-14 to 2015-16 were disqualified.
SBI, ICICI Banks Hike Benchmark Lending Rate by up to 0.2%
The country's largest lender State Bank of India (SBI) has increased the lending rate by 20 basis points across all tenors up to three years, effective from Saturday.
Sensex Turns Choppy After Hitting Record High Amid Mixed Asian Cues
The 30-share index rose by 93.02 points, or 0.23 per cent, to hit a new high of 38,989.65, bettering its previous intra-day record of 38,938.91 hit on Tuesday.
Petrol Price Crosses Rs 78, Diesel Rates at New High
The increase pushed up the petrol price past Rs 78 for the first time since June 3. It now costs Rs 78.05 a litre in Delhi. In Mumbai, it is at Rs 85.47.
Kerala Deluge May Shave Off 2.2% of State GDP, Push Up Fiscal Deficit to 5.4%
Most of Kerala was marooned between August 8 and 20, and around 260 people we killed and over a 1.5 million were driven out of their homes.
