India has launched a complaint against the United States to challenge U.S. President Donald Trump's tariffs on steel and aluminium, a filing published by the World Trade Organization showed on Wednesday.

India may increase the import duties on select items including high power motor cycles, chickpeas, walnuts and apples if the United States goes ahead with its plan to impose duties on certain steel and aluminium products originating from India.

Going by India's GDP growth rate, and the fact that our per capita consumption of stainless steel is 2 kg as against the world average of 6 kg, it is evident that stainless steel has ample scope for growth, writes Rattan Jindal, Chairman, Jindal Stainless.

Let me play a devil's advocate for a moment and assume that all that I have mentioned hereinabove is true. Do these packets walk on two legs and get immersed in our water bodies?

The Sensex and Nifty recovered in trade today led by strong buying in metal stocks amid mixed global cues. While the Sensex rebounded by about 96 points to end at 34,427, Nifty closed at 10,565, up 39  points, or 0.37 per cent. Investor sentiment was optimistic ahead of quarterly earnings of some key companies, including TCS.Tata Steel, YES Bank and Bharti Airtel were the top Sensex gainers. Aluminium prices on the London Metal Exchange surged 5 percent to their highest in almost...

Investor sentiment was optimistic ahead of quarterly earnings of some key companies, including TCS. Overseas, Asian stocks rose, building on gains a day earlier, even as oil prices climbed to three-and-a-half year highs. Tata Steel (3.17%), YES Bank (2.83%) and Bharti Airtel (2.64%) were the top Sensex gainers.

The committee of creditors of troubled domestic auto parts maker Amtek Auto on Thursday approved the resolution plan submitted by Liberty House, clearing the decks for the acquisition by the Sanjeev Gupta-led global industrial group GFG Alliance.

The Indian economic growth could get hit three ways because of the new American tariff barriers. The first is simply through the steps the US takes directly against India.

US President Donald Trump signed two proclamations that levied a 25 per cent tariff on steel and a 10 per cent tariff on aluminium imported from all countries except neighbouring Canada and Mexico.

President Trump signs tariffs on steel and aluminumThe proclamations by US President Donald Trump to impose steep tariffs on imported steel and aluminium received mixed reaction from stakeholders with some seeing it as a step that would revive the manufacturing sector while others warned it would lead to a trade war. As reported by PTI, Trump has signed two proclamations that impose 25 per cent tariff on imported steel and 10 per cent on aluminium. While one section hailed it as...