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  • India drags US to WTO over steel, aluminium duties

    19 May, 2018 8:25 AM 65

    India has dragged the US to the World Trade Organisation's dispute settlement mechanism over the imposition of import duties on steel and aluminium, an official said. India has stated that the decision will impact exports of these products to the US and it is not in compliance with global trade norms. "India has filed a dispute under the aegis of the WTO on the issue

  • Government may increase taxes on crude derivatives by Rs 3-5: Sources

    18 May, 2018 6:37 PM 44

    New Delhi: At the time, when petrol and diesel prices are at record highs, the government is planning to increase the taxes on crude derivatives. Sources close to the development informed Zee Business that the government is likely to increase the taxes on crude derivatives by Rs 3 to Rs 5 per litre. This hike will be announced within a week. The sources

  • Indiabulls Real Estate board clears share buy back scheme worth Rs 624 cr

    18 May, 2018 5:15 PM 42

    The board of Indiabulls Real Estate Ltd today approved a buy-back plan for up to 2.6 crore fully paid-up equity shares, amounting to Rs 624 crore. "The board of directors of the company, at its meeting held on May 18, 2018, has approved the proposal of buy-back of up to 2.6 crore fully paid-up equity shares of Rs 2 each of the company, being approx

  • Top selling smartphones: iPhone X ranked number 1 in March, Xiaomi's Redmi 5A takes third spot

    18 May, 2018 5:05 PM 128

    Xiaomi debuted on the top-10 list with its budget offering, the Redmi 5A capturing almost 1.8 percent market share. Apple iPhone X has been ranked as the number one selling smartphone as of March 2018, according to a report on the top-10 devices published on May 18. The device was followed by the iPhone 8 Plus and Xiaomi's Redmi 5A took third spot. According

  • Swaraj holds talks with Indonesia's maritime affairs minister

    18 May, 2018 4:49 PM 63

    External Affairs Minister Sushma Swaraj today held talks with Indonesia's Coordinating Minister for Maritime Affairs Gen (Retd) Luhut Binsar Pandjaitan and discussed ways to strengthen the bilateral strategic partnership. The meeting between the two leaders assumes significance as it comes ahead of Prime Minister Narendra Modi's expected visit to Indonesia

  • Dalmia Bharat posts Q4 net profit at Rs 183.65 cr

    18 May, 2018 4:23 PM 35

    Cement maker Dalmia Bharat today reported a marginal increase of 0.79 percent in its consolidated net profit to Rs 183.65 crore for the fourth quarter ended March 2018. The company had posted a net profit of Rs 182.21 crore in the January-March quarter a year-ago, Dalmia Bharat said in a BSE filing. Its total revenue during the quarter under review was up 7.7 percent

  • NSE gets CFTC exemption for derivatives trades

    18 May, 2018 4:21 PM 36

    Members without CFTC registration can accept U.S. funds The National Stock Exchange (NSE) has become the first Indian exchange to get an exemption from the Commodity Futures Trading Commission (CFTC) that will allow members of the Indian bourse to trade in derivatives for U.S. clients. “The order issued to NSE permits its members to accept U.S. customer

  • Mukand, Sumitomo JV to invest ₹600 cr

    18 May, 2018 4:19 PM 45

    To set up steel rolling facility at Hospet The newly-formed joint-venture (JV) between Japan’s Sumitomo Corporation and Mukand Ltd. will invest ₹600 crore in setting up a steel rolling facility at Hospet in Karnataka. The venture would be called Mukand Sumi Special Steel Limited and deal in speciality steel alloys. The two companies had signed the MoU for the JV in April

  • Electrosteel: ‘Declare Tata bid ineligible’

    18 May, 2018 3:20 PM 41

    Renaissance Steel has approached the National Company Law Appellate Tribunal (NCLAT) requesting it to declare “ineligible” Tata Steel’s bid for the debt-ridden Electrosteel Steels under the Insolvency and Bankruptcy Code. An NCLAT bench headed by Chairman Justice S J Mukhopadhyaya has issued a notice to Tata Steel, which was the second-highest bidder

  • RCom, Ericsson in talks outside NCLT

    18 May, 2018 3:19 PM 39

    To try resolve issues relating to dues Anil Ambani-run Reliance Communications on Friday said it is in advanced stages of discussions with Ericsson for settling issues related to unpaid dues outside of the insolvency and bankruptcy proceedings. “We confirm that RCom and Ericsson are at an advanced stage of discussions to expeditiously resolve commercial