India is being hit by a wave of steel from producers in Japan and South Korea, a government document showed, as mills there redirect supply after US President Donald Trump slapped an import duty on the alloy earlier this year.

During the first quarter of the fiscal year starting in April, India's steel imports from South Korea rose 31 per cent from a year earlier, while those from Japan climbed 30 percent,

RIP Atal Bihari Vajpayee: Former Prime Minister and BJP leader Atal Bihari Vajpayee passed away on Thursday at Delhi’s AIIMS. The BJP stalwart breathed his last at around 5 PM. He was on life support system since Wednesday as his condition remained critical. The 93-year-old BJP leader, a diabetic, had one functional kidney. He had suffered a stroke in 2009 that weakened his cognitive abilities. Subsequently, he developed dementia.

German luxury carmaker Mercedes-Benz today said it will hike prices of its vehicles across models by up to 4 per cent from September to offset adverse impacts of rising input costs and upward forex movement.

The rising inflation due to geo-political dynamics, coupled with rising input costs and increasing forex rates has been exerting significant pressure on overall operations, Mercedes-Benz India said in a statement.

With food regulator FSSAI facing manpower shortage, the government has sanctioned an additional 493 posts for the authority to discharge its responsibility effectively for ensuring safe and nutritious food to people.

The Food Safety and Standards Authority of India (FSSAI), which currently has 356 sanctioned posts, will now be able to conduct food safety inspections, besides law enforcement for central licensees directly instead of being fully dependent on the states.

The Telecom Commission, apex decision making body at the telecom department, is likely to meet on August 31 to discuss Trai's recommendation on spectrum allocation, according to official sources.

"The next Telecom Commission meeting is proposed for August 31," an official source said without disclosing agenda of the meeting.

New Delhi: Country’s largest carmaker Maruti Suzuki India (MSI) on Thursday hiked prices of its vehicles by up to 6,100 in order to partially offset increase in commodity and distribution costs and adverse foreign exchange rates.

The price change varies across models and is up to 6,100 (ex-showroom Delhi), the company said in a statement.

With an aim to expand its share in India’s growing online retail market, Paytm Mall targets a three-fold increase in its annualised gross sales, taking it up to $10 bn-mark by March 2019. Owned by Paytm E-commerce Pvt Ltd., Paytm Mall has ramped-up its efforts to expand the business.

Shares of Uday Kotak-run Kotak Mahindra Bank tanked by nearly 3.5% on Thursday, after India’s apex bank RBI notified on Tuesday that the bank’s preferential issue does not meet its dilution norms. Under RBI’s current norms, Founder and Promoter Uday Kotak was required to reduce his stake in the bank to 20% by December 2018 and 15% by March 2020.

Mumbai: The country’s largest oil exploration and production company, Oil and Natural Gas Corp. Ltd (ONGC), is in talks to buy five blocks from the Gujarat State Petroleum Corp. Ltd (GSPC), according to two people aware of the development.

The move comes against the backdrop of ONGC acquiring an 80% stake in GSPC’s Deen Dayal block in the Krishna Godavari Basin in December 2016 for 7,738 crore. The Gujarat government owns an 87% in GSPC.

As anyone who has used a Microsoft keyboard or mouse will tell you, thes Redmond-based company makes some excellent hardware. So a couple of years back, the company decided that it was time to extend this expertise to computers as well. The Surface series has been a success in more ways than one. But it has not been that popular in India, primarily because Microsoft has not offered many choices to the buyers.

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