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LCD televisions on display at a city showroom.
Import duty on TV panel part halved to 5 per cent, to encourage LCD, LED manufacturing

The government has halved customs duty on 'open cell' used in the manufacturing of LCD and LED television panels to 5 per cent, a move intended to boost domestic manufacturing.

7 hours ago

Absconding billionaire jeweller Nirav Modi
ED seizes jewellery, watches, MF Hussain paintings from Nirav Modi's Mumbai apartment worth Rs 36 crore

An ED official told that joint searches with the CBI were carried from Thursday to early Saturday at Nirav Modi's palatial 'Samudra Mahal' residence in Mumbai.

8 hours ago

The Federal Reserve headquarters in Washington September 16 2015. | Reuters
Federal policymakers say they are watching trade risks closely

The Trump administration on Thursday unveiled plans to raise tariffs on up to $60 billion of Chinese imports, although the measures have a 30-day consultation period before they take effect.

10 hours ago

Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 24, 2018. | Reuters
Apple's Tim Cook calls for calm heads on China, US trade

Trade tension between China and the United States flared this week when President Donald Trump unveiled plans on Thursday to slap tariffs on potentially up to $60 billion in Chinese goods.

10 hours ago

Governor of Reserve Bank of India (RBI), Raghuram Rajan, listens to a question during a press conference to declare the bi-monthly monetary policy statement in Mumbai. (AP)
India should move out of agriculture into industry, services: Raghuram Rajan

the society has always found ways to adapt to changing times even when there have been fears of machines replacing humans.

11 hours ago

Global trade war: Why India has to keep a close watch on developments

Trump has mentioned India along with China several times over the last few months in the context of reciprocal taxes, alleging unfair import duties on American products and violation of WTO

12 hours ago

A worker watches an excavator load paper and cardboard onto a truck at a recycling yard at the edge of Beijing, China. (Photo | Reuters)
US asks China not to implement ban on foreign garbage

The U.S. Institute of Scrap Recycling Industries said at the time that the ban would devastate an industry that supported 155,000 jobs and had exported scrap worth $5.6 billion to China in 2016.

12 hours ago

US President Donald Trump signs a memorandum on intellectual property tariffs on high-tech goods from China, at the White House in Washington, U.S. March 22, 2018. | Reuters
Trade war: Extent of US-China trade fight depends on Trump's goals

After Trump's announcement that he will impose tariffs on up to $60 billion worth of Chinese goods and impose investment restrictions on Beijing, it is far from clear what Trump's end game is.

12 hours ago

For representational purposes (File | AFP)
Tata Steel wins bid to acquire assets of Bhushan Steel

Tata Steel on Friday said it has emerged as the successful bidder to take over stressed assets of the debt-ridden Bhushan Steel Ltd.

15 hours ago

Religare, Fortis Healthcare, 10 more firms under scanner

After Nirav Modi and Mehul Choksi, the SFIO is probing Religare Enterprises and its group company Fortis Healthcare for alleged frauds, and will soon be initiating probe against 10 more companies.

15 hours ago

Gitanjali Gems shares turn penny stocks

Continuing its nose-diving trend, shares of scam-hit Gitanjali Gems slipped below the Rs 10 mark for the first time on Friday.

15 hours ago

Andhra Pradesh CM N Chandrababu Naidu and HMCL chairman Pawan Munjal
Hero MotorCorp opens Rs 1,600 crore manufacturing unit in Andhra Pradesh

The greenfield facility will be the eighth globally and will have an installed capacity of 1.8 million units, which will be achieved in three phases.

15 hours ago

Global trade war: China hits back with retaliatory taxes on US imports, markets dive

The commerce ministry is planning an internal meeting with  senior economists and foreign policy experts ahead of the visit of the Chinese trade minister.

15 hours ago

Reliance Jio (Photo | Reuters)
Reliance Industries to combine Saavn with JioMusic

According to the company, the combined entity is valued at over $1 billion, with JioMusic's implied valuation at $670 million. 

20 hours ago

Reuters File image used for representational pupeose.
ED starts probe into Rs 824.15-crore bank fraud involving Chennai-based Kanishk Gold

The Central Bureau of Investigation (CBI) has registered a case against the city based Kanishk Gold, accusing it of defrauding a consortium of 14 banks led by the SBI.

23 Mar 2018

CBI books former general manager of IDBI for Rs 445 crore

The agency alleged that the sanctioned advances were misappropriated for purposes other than for which loans were sanctioned.

23 Mar 2018

Telecom subscribers base slips 1.32 per cent to 117.50 crore in January

According to the monthly data released by the Telecom Regulatory Authority of India (TRAI) on Friday, wireless and wireline subscribers base fell during the month under review.

23 Mar 2018

Image used for representational purpose
Nifty50 closes below 10,000 mark, Sensex sheds over 400 points

The Nifty50 fell by 40.50 points or 0.40 per cent to close at 10,114.75 points while the Sensex closed at 33,006.27 points -- down 129.91 points or 0.39 per cent.

23 Mar 2018

The FIR also named CARE Rating Ltd, Infrastructure Development Finance Co Ltd and two former officials of UIIC.
CBI books Deccan Chronicle Holdings in Rs 30 crore fraud

DCHL and its Chairman T. Venkatram Reddy is arrested for allegedly causing a wrongful loss of Rs 30.54 crore to United India Insurance Co Ltd.

23 Mar 2018

US President Donald Trump | AP
US accuses China of stealing patents in WTO complaint

A presidential memorandum signed by Trump will target up to $60 billion in Chinese goods with tariffs, but only after a 30-day consultation period that starts once a list is published.

23 Mar 2018

Government issues norms for appointment of National Financial Reporting Authority chairperson, members

On March 1, the Cabinet approved setting up of the NFRA, which would be an independent regulator for the auditing profession.

23 Mar 2018