New Delhi : India Resurgence Fund (IndiaRF), a joint venture of Piramal Enterprises and Bain Capital Credit, on Monday said it has invested $156 million in Chennai-based Archean Group's marine chemicals business. IndiaRF said in a statement that it has invested...
Geneva : The World Trade Organisation (WTO) has agreed to set up panels at its Dispute Settlement Body (DSB) to decide whether US tariffs on steel and aluminium imports comply with WTO rules, a trade official said here. On Wednesday, China and the European Union (EU)...
New Delhi : Malaysia-based Saba Industries Chairman and CEO Malini Saba on Wednesday said the privately-held company will invest $100 million in the rice sector in India and Thailand, as it plans to export the staple by partnering with local farmers. "We are looking...
Mumbai : In a Dussehra relief for consumers, state-run oil marketing companies (OMCs) cut the prices of key domestic transportation fuels -- petrol and diesel -- for the second consecutive day on Friday. The prices of petrol and diesel were lowered in the national...
New Delhi : With onion prices going up during the festival season, the government on Friday said fresh supplies from Karnataka will increase its availability in a week's time bringing down the prices to "moderate" level. A high-level committee headed by Consumer...
San Francisco : Amazon on Tuesday announced a new investment of $10 million in Closed Loop Fund (CLF) to support recycling infrastructure in the US aimed at cutting the amount of waste treated at landfills. Amazon said its investment will increase the availability of...
By Saurabh Katkurwar, New Delhi : With the availability of sugar set to reach an unprecedented level of 44 million tonnes thanks to huge unconsumed stock from last year and expected higher production this year, an imminent threat of "industry collapse" is being talked...
Kolkata : Union Textile Minister Smriti Irani on Saturday said the Centre is making it mandatory that jute mills would get the entire payment for government orders only after jute farmers and labourers are paid fully. "Jute industry has a ready order worth Rs...
New Delhi : Base effect along with a fall in cost of food and primary articles eased India's annual inflation rate based on wholesale prices to 4.53 per cent in August from a 5.09 per cent rise in July. However, on a year-on-year (YoY) basis, the Wholesale Price Index...
Kolkata : Coal India, which is looking to rationalise its underground mines in view of safety and financial viability, could close about 53 such mines this year, its Chairman Anil Kumar Jha said on Wednesday. He said manpower would "not be retrenched" if any mine is...