Beijing hits back as Trump slaps tariffs on Chinese goods

By Gaurav Sharma Beijing/Washington, Sep 18 : The trade war between the US and China got uglier on Tuesday as Beijing slapped tariffs on American goods worth $60 billion in retaliation to the additional taxes of $200 billion on Chinese goods by Washington. According to the Customs Tariff Commission of the State Council, the tit-for-tat […]

SEBI approves new KYC norms for foreign investors

Mumbai, Sep 18 : Market regulator Securities and Exchange Board of India (SEBI) on Tuesday approved revised framework for settlement of cases and new know-your-customer (KYC) norms for foreign portfolio investors (FPI). This was among other proposals cleared by the SEBI board at its meeting here. Chairman Ajay Tyagi told reporters following the board meeting […]

Uttam Galva, KSS Petron stakes’ sale by ArcelorMittal was ‘subterfuge’: NuMetal to SC

New Delhi, Sep 18 : NuMetal — a bidder for resolution plan for Essar Steel facing insolvency proceedings — on Tuesday told the Supreme Court that the steel magnate Lakshmi Niwas Mittal-owned ArcelorMittal was not qualified to enter the fray as he stands burdened with Rs 7,000-crore liability of now beleaguered Uttam Galva and KSS […]

Trump slaps tariffs on $200 bn of Chinese goods, Beijing hits back

Washington/Beijing, Sep 18 : US President Donald Trump has stepped up his trade battle with China by slapping 10 per cent tariffs on $200 billion worth of Chinese imports, prompting Beijing to retaliate by imposing duties on American products worth $60 billion. The Chinese Commerce Ministry said the new wave of tariffs would go into […]

Not filed for consent settlement with SEBI: ICICI Bank

Mumbai, Sep 18 : Hours after an official of securities market regulator SEBI said that ICICI Bank has filed for settlement through consent mechanism, the private lender denied filing any such application. The company, however, said that it has submitted its response to the show cause notice issued by SEBI. “We have submitted our response […]