Ikea to invest Rs 600 crore in Maharashtra
MUMBAI: Furniture retailer Ikea India, the Indian subsidiary of Swedish furniture retailer Ikea AB, has inked a pact with the Maharashtra government to invest Rs 600 crore for setting up 2-3 outlets in the state. “The company will invest Rs 600 crore in Maharashtra to set up 2-3... read more »
Government cuts import tariff on gold and silver
NEW DELHI: The government has slashed import tariff value on gold to $375 per 10 grams and silver to $512 per kg following weak global price trends. During the first fortnight of the month, the tariff value on imported gold was fixed at $393 per 10 grams and on silver at $549 per kg. The import... read more »
Last chance to Sahara to negotiate deal for Subrato Roy’s release: SC
New Delhi: Sahara Group on Friday was granted the third and last opportunity by the Supreme Court to negotiate a deal for selling its offshore properties for raising Rs 10,000 crore to ensure the release of its Chief Subrato Roy, who has been in jail for a year for non-refund of over Rs 20,000... read more »
Jindal Stainless up 17% on anti-dumping duty plan of govt
Shares of Jindal Stainless surged over 17 percent intraday on Thursday hoping for anti-dumping duties on China import. The trade ministry has recommended anti-dumping duties ranging from USD 180 to USD 306 per tonne for some industrial-grade stainless steel imported from China, Malaysia and South... read more »
