Industry-The Economic Times 2 April 2018

Battle for Essar Steel hots up with entry of Vedanta in bidding process

ArcelorMittal which wants to enter the Indian steel market submitted its bid along with Japan's Nippon Steel and Sumitomo Metal.

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Govt rules out excise duty cut to cushion petrol prices

The BJP-led government had raised excise duty nine times between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once last year.

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Chanda Kochhar & Shikha Sharma: Two bank bosses in the eye of the storm

While the first one is being questioned over allegations of quid pro quo in extending a loan, the second one's fourth term as CEO has invited RBI's attention.

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Dalit protests: Jet Airways waives penalty charges

In view of unrest in Chandigarh, Patna and Amritsar, the airline has decided to waive penalties for flight changes, no-shows and the like.

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Inclusion of petrol and diesel in the GST will help consumers pay a rational price: Dharmendra Pradhan

Petrol and diesel prices have gained Rs 10.74 and Rs 11.36 per litre respectively in the last nine months in which crude oil has gained $21.87 per barrel to about $70/barrel.

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SoftBank, China's GCL team up for $930 mln Indian solar venture

GCL will provide technology and SoftBank will assist in obtaining land and regulatory approvals, GCL said in a filing to the Shenzhen stock exchange dated Friday.

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Tata Steel to pay Rs 35,200 crore cash for Bhushan Steel; to convert remaining debt to equity

The creditors would get 12.27 per cent equity in Bhushan Steel, said senior advocate Ravi Kadam to the Principal bench of the National Company Law Tribunal (NCLT).

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Trivendra Singh Rawat discusses ways to promote textile industry in Uttarakhand

Apart from Chief Minister Rawat, senior officials, including state’s chief Secretary Utpal Kumar Singh, were also present at the meeting.

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Amul turnover grows 8% to Rs 29,085 crore in 2017-18

Amul has been achieving a compound annual growth rate of more than 18% for the past eight years because of higher milk procurement, continuous expansion and new products.

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Honda Cars India announces two new directors for sales and marketing

Rajesh Goel is a Honda veteran with an association of more than 22 years with the company.

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IIT Delhi, DU among top 200 universities: Study

While India had only two universities in the world's top 200, America had 49, the UK had 30, Germany had 11, and China and Australia had eight each.

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Customers' money safe with us, says PNB

Facing heat over the nearly Rs 13,000-crore scam, the bank said it has undertaken measures to strengthen its internal audit control mechanisms.

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Star, Sony, Jio gear up for BCCI's first-ever e-auction

Digital majors Facebook and Google are also expected to be competitive bidders as the BCCI auctions TV and digital broadcast rights for the 2018-2023 period.

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Kotak Mahindra Bank launches new AI powered voice bot

Keya uses automatic speech recognition, natural language understanding and text-to-speech technology to help customers navigate smoothly and quickly through the IVR.

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Rahul Pandit resigns as MD and CEO of Roots Corporation

IHCL Managing Director and CEO and Roots Corporation Chairman Puneet Chhatwal said: “The Board respects Rahul’s decision and thanks him for his leadership."

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