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ICICI BANK

I-T department probing acquisition of Chanda Kochhars Mumbai Residence

I-T department looking into acquisition of the residence by Deepak Kochhar

Acquisition of residence said to be linked to firms of Videocon group

Indian Express Reports

BANK OF MAHARASHTRA

3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune

Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers

Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr

IPO UPDATE

RITES IPO subscribed 0.6x on day 1

Fine organic industries IPO subscribed 0.12x on day 1

IDBI BANK

SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank

B Sriram is the longest serving PSB MD

B Sriram Has Experience In Managing Stressed Assets

INDIAN HOTELS

Wins bid for Connaught Place in Delhi

Taj Group wins 33-year lease for Connaught Hotel in E-auction

Offered to share 31.8% of annual revenue earned with civic body

INDIGO CLARIFIES

Have not received any notice from ED on FEMA violations

WELSPUN CORP

U.S. to levy tariff on Indian welded pipes

U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India

China, South Korea, & Turkey to also face duties from U.S.

U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017

U.S. International Trade Commission scheduled to make a final decision By Dec 20

  • SENSEX

    35,544.03 3.30   (-0.01 %)
  • NIFTY

    10,764.80 7.25   (-0.07 %)
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News In Brief

 

    Taiwan's TSMC to invest $25 billion in 5 nanometer node technology

    Hsinchu, Taiwan: Taiwan Semiconductor Manufacturing Co Ltd, a supplier to Apple Inc, said on Thursday it expects to invest $25 billion in 5 nanometer node technology.

    The firm did not provide a time frame for the investment. 

     (Reuters) 

    China says will maintain normal relations with Iran

    Beijing: China will maintain normal relations with Iran, the Commerce Ministry in Beijing said on Thursday.  Ministry spokesman Gao Feng made the comment when asked at a regular news briefing if Chinese firms would withdraw from the Iranian market. 

    U.S. President Donald Trump pulled the United States out of an international nuclear deal with Iran in May and said he would reimpose harsh sanctions on Tehran.

     (Reuters) 

    India raises import duties on agri, steel products to protest US tariff hike

    New Delhi: India has increased import duties on some agricultural and steel products that are imported from the U.S. in retaliation against Washington’s new global tariffs on steel and aluminium, according to a government note seen on Thursday.

    Last month, India had given a list of products to the WTO that it said could incur higher tariffs.

    (Reuters) 

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