Business Today

Sugar stockpile to double on record output as India struggles to export surplus

The country is likely to end the marketing season on September 30 with inventory of 10 million tonnes, compared with 3.87 million tonnes a year ago, says the Indian Sugar Mills Association.

NPA-laden IDBI Bank seeks govt's nod for 51% stake sale to LIC

Days after the state-run lender received a letter from Life Insurance Corporation of India (LIC) expressing its interest in acquiring 51 per cent controlling stake in IDBI Bank, the NPA-laden bank in its board meeting today sought government's decision in this regard.

JAL assets should not be used for refunding money to homebuyers of Jaypee Infra: Banks to SC

Counsel appearing for the consortium of banks and FIs tells the apex court that Jaiprakash Associates Limited and Jaypee Infratech Ltd are separate legal entities, and if JAL is forced to pay for JIL then it will have adverse impact on JAL.

Commerce Ministry recommends 25% safeguard duty on import of solar cells from China, Malaysia

Despite vociferous protests from solar developers, the Directorate General of Trade Restrictions (DGTR) has finally recommended that a 25 per cent safeguard duty should be imposed on imports of solar cells and modules from China and Malaysia for the first year.

Jeff Bezos is richest man ever with $151 billion net worth, but not as philanthropic as Bill Gates, Warren Buffett

Bezos' net worth increased by $52 billion over this year. To put it in perspective, that is more than the entire fortune of Alibaba co-founder, Jack Ma.

Wed Jul 18 07:52:03 IST 2018

From The Magazine

Free Fall

The steadily weakening Indian currency brings with it a host of worries