Tata Steel commits 10-year investment plan for UK

Indian giant Tata Steel   pledged to stay in Britain with a 10-year commitment to a one-billion-pound investment plan as part of crucial talks with steelworkers unions to save thousands of jobs in the UK.

The Indian steel giant offered a number of guarantees to its staff at Port Talbot steelworks in south Wales, ...

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Monetary Policy: RBI keeps repo rate unchanged at 6.25%

The Reserve Bank of India (RBI) on Wednesday kept its key lending rate —the repo rate—unchanged at 6.25 percent dashing hopes of lower borrowing costs arresting the demonetization-induced slide in spending and investment. 

The six-member monetary policy committee (MPC) headed by RBI Governor Urji ...

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Oil jumps over 10 percent as OPEC finalizes output cut deal

Oil soared more than 10 percent on Wednesday to over $50 a barrel and its highest in a month as some of the worlds largest producers agreed to curb production for the first time since 2008 in a bid to support prices.

Crude prices rose nearly 5 percent for the month. However, they are unlikely to skyrocket further in r ...

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Suzlon bags 50.40 MW project in Andhra

Wind turbine maker Suzlon Group has bagged an over 50 MW wind power project in Anantapur, Andhra Pradesh.

Suzlon, a leading global renewable energy solutions provider, today announced winning this order from a leading business house.

The project consists of 24 units of S95 90m tubular tower with rated capacity ...

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Tata Sons shareholders discord may hit group cos: S&P

S&P Global Ratings today said the continuing discord between the shareholders of Tata Group holding firm Tata Sons Ltd, has created uncertainty at the board level for group companies and could lead to slow decision-making in these entities.

Expecting the group companies to be all professionally managed, the US-bas ...

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RBI announces measures to drain excess

With a move to managing the excess liquidity in the system banking regulator Reserve Bank of India announced on Saturday that it would absorb a part of this extra cash by applying an incremental cash reserve ratio (CRR) as a purely temporary measure.

The CRR remains unchanged at 4 percent of outstanding net demand and ...

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India may impose curbs on domestic gold holdings: Report

The government may impose curbs on domestic holdings of gold as Prime Minister Narendra Modi intensifies a fight against black money, news agency NewsRise reported, citing an unnamed finance ministry official.

NewsRise did not provide further details. A finance ministry spokesman declined to comment on the report.


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சேமிப்பு கணக்கா; லிக்விட் பண்டா?

மாதச் செல­வுகள் மற்றும் எதிர்­பா­ராத செல­வு­க­ளுக்­காக, வங்கி சேமிப்பு கணக்கில் பணம் வைத்­தி­ருப்­பது வழக்­க&sh ...

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Adani to spend $300 mn on Aus solar plants; secures land deals

Indian energy giant Adani Group has struck land deals in Australia to build two solar plants collectively valued at USD 300 million in a bid to develop 1,500 MW renewable capacity in five years, even as a court today dismissed appeals against its USD 16 billion coal and mine project.

The contraction of AUD 200 million ...

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