California congressman: Federal money needed to fight fires Rep. John Garamendi, D-Calif., discusses federal funding for coronavirus relief and financial support to fight wildfires. A return of bone-dry humidity and gusty winds Wednesday in Northern Calfornia during the peak of…
Read More‘Cash-for-LTC a big blow to tourism’
Consumer durables see positive signs While the tourism sector has termed Finance Minister Nirmala Sitharaman’s cash-for-LTC announcement a ‘major blow’ to the sector, the consumer durables sector has welcomed it along with the festival advance scheme, calling these a boost…
Read MoreIndia initiates anti-dumping probe against two Chinese products
If it is established that dumping has caused material injury to the domestic players, the DGTR would recommend imposition of anti-dumping duty on the imports from China. India has initiated an anti-dumping probe against two products imported from China, following…
Read MoreCleveland-Cliffs To Buy ArcelorMittal USA In $1.4 Bln Deal – Quick Facts
Cleveland-Cliffs Inc. (CLF) announced Monday that it has entered into a definitive agreement with ArcelorMittal S.A. (MT) to acquire substantially all of ArcelorMittal USA LLC for approximately $1.4 billion. The acquisition is anticipated to be earnings per share accretive. The…
Read MoreCurtiss-Wright To Acquire Pacific Star Communications For $400 Mln – Quick Facts
Curtiss-Wright Corp. (CW), a manufacturer of precision components, and engineered products, said Thursday that it has agreed to acquire the stock of Pacific Star Communications, Inc. for $400 million in cash. PacStar, a private company, is a provider of tactical…
Read MoreVIL, Airtel lose over 59 lakh mobile users in June; Jio adds 45 lakh: Trai data
Monthly decline rates of urban and rural mobile subscription were 0.18% and 0.40%, respectively. Vodafone Idea Ltd (VIL) and Airtel lost about 48.2 lakh and 11.3 lakh users, respectively, in June, even as rival Reliance Jio added nearly 45 lakh…
Read MoreDaimler Buses pins hopes on Diwali
Orders trickling in, recovery seen only in 2021, says CEO Seidel Daimler Buses India, a unit of Daimler India Commercial Vehicles (DICV), is optimistic about the revival of the domestic bus market after Diwali, said a top official. “The industry…
Read MoreOil prices tumble more than 1% Monday as Saudi Arabia makes deep cuts
We’ll see low gas prices for ‘foreseeable future’: Expert The Schork Group Principal Stephen Schork provides insight into oil and gas demand and prices going into the fall. SINGAPORE - Oil prices dropped more than 1% on Monday after earlier…
Read MoreVolkswagen urges govt. to eschew protectionism
COVID-19 not to derail carmaker’s ₹8,000-cr. investment plan, says official The government must refrain from getting into a ‘protectionist mood’ that may disrupt supply chains for global automobile firms manufacturing in the country, particularly as they emerge from the impact…
Read MoreMistrys flag ‘underperformance’ at Tata
At Tata Sons AGM, Mistry family highlights debt at steel, auto units and value erosion in airline firms The bitter tussle between the Tatas and ousted chairman Cyrus Mistry came to fore at the annual general meeting of Tata Sons,…
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