Category: BUSINESS

India is likely to impose anti- dumping duty of up to USD 397 per tonne on a Chinese chemical used in construction and dyes industry. The move is aimed at guarding domestic players from cheap imports of ‘Sulphonated Naphthalene Formaldehyde’ from the neighbouring country. Commerce ministry’s investigation arm Directorate General of Antidumping and Allied Duties (DGAD) in its final findings has concluded that the product has been exported to India from China below its normal value and it has resulted in dumping. “The domestic industry has suffered material injury due…

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The investments required in urban areas for a 20-year period between 2012-13 and 2031-32 is estimated to be Rs 39 lakh crore, the government said today. The Ministry of Housing and Urban Affairs has constituted a high-powered expert committee to provide an estimate of investments required for urban infrastructure services, including the maintenance and replacement, the minister of state for housing and urban affairs, Hardeep Singh Puri, said in the Lok Sabha. “As per the report of HPEC, the estimated urban investment requirement for the 20-year period from 2012-13 to…

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NSE benchmark Nifty slipped by 95 points following fag-end selling in auto, financial service, banking, IT, energy, FMCG and metal sectors. In a choppy trade, the Nifty traded near flat-line most of the session in the absence of any definite trigger as financial markets across the globe closed for New Year holiday. It moved in small bouts of buying and selling activity, the final hour trade saw emergence of profit-booking in recent gainers. Overseas, European and Asian stock markets remained closed for New Year holiday. Growth in China’s manufacturing sector…

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