India has initiated an anti-dumping probe against imports of a certain type of optical fibre from China, Indonesia and South Korea following a complaint by a domestic player. The duty is aimed at protecting domestic industry from cheap imports. The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping [...]
Amid multiple incidents of electric vehicles catching fire, Niti Aayog Member and eminent scientist V K Saraswat has said that battery cells imported for electric vehicles "may not be" suitable for the country's conditions and emphasised the need for locally manufacturing the cells. His comments also come against the backdrop of authorities probing such incidents [...]
Domestic ratings agency India Ratings on Monday revised up its outlook on the commercial realty for FY23, saying the full resumption in the economic activities can revive demand for the sector. The outlook has been raised to "improving" for FY23, from "neutral" in FY22, anticipating an improvement in performance, the agency said. It said the [...]
The Supreme Court Monday stayed further proceedings before the high courts in matters involving challenges to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules 2021 or Cable TV Networks (Amendment) Rules 2021. A bench of Justices A M Khanwilkar and A S Oka passed the order while hearing a batch of petitions, [...]
Steel prices, which have been on a song for the past two years, are finally set to correct on weak seasonality, and may trade at around Rs 60,000/tonne by the end of the current fiscal year, down from the Rs 76,000/tonne peak it scaled last month, says a report. Prices are still holding high because [...]
Sri Lankan Prime Minister Mahinda Rajapaksa on Monday appealed to the people to exercise restraint and remember that violence only begets violence, saying the economic crisis needs an economic solution which his government is committed to resolving. His statement came amidst violence in the country in which at least 16 people were injured as supporters [...]
In a friendly gesture, Bangladesh has extended the term of the USD 200 million loans given to cash-strapped Sri Lanka under a currency swap deal by one more year to boost the island-nation's depleting foreign reserves. In May 2021, Bangladesh cleared a USD 200 million currency swap facility for Sri Lanka, to help boost its [...]
Foreign funds' ownership in domestic equities fell to pre-COVID lows and hit a multi-year low of 19.5 per cent in March this year in NSE500 companies valued at USD 619 billion, shows an analysis. At 19.5 per cent the FPI ownership in March 2022, is the lowest in the past three years, when it was [...]
Kolkata, May 8 (PTI) The Union Textile Ministry has convened a meeting on Monday in New Delhi to discuss the price capping of raw jute, where officials of the West Bengal Labour Department, the Indian Jute Mills Association as well as the Jute Commissioner would be present, industry sources said.The development comes after BJP MP [...]
Chandigarh, May 8 (PTI) Asserting that the state offers a congenial environment for businesses to flourish, Haryana's Deputy Chief Minister Dushyant Chautala on Sunday said that the state attracted investments worth Rs 28,000 crore in the past 12 months. Chautala, who also holds Industries and Commerce, Excise and Taxation and Civil Aviation portfolios, said a [...]
