Business

Trump has already imposed tariffs on more than $250 billion in Chinese goods — about half of the total imported each year — in an attempt to pressure the country to change its trade rules.

Pola Pharma's portfolio mainly comprises dermatology products. It has two manufacturing facilities in Saitama with capabilities to manufacture topical products and injectables.

The report says the government's new procurement policy will support prices of agricultural produce going ahead.

Foreign portfolio investors (FPIs) had pulled out over Rs 21,000 crore from the capital markets (both equity and debt) in September. Before that, they had put in Rs 7,500 crore in July and August.

The Tatas have widely speculated to be planning to acquire Naresh Goyal-controlled airline with it's the Singaporean partner.

Dealers said the strength in the rupee was also supported by increased selling of the greenback by exporters and banks. Globally, dollar and yen gained on Brexit-induced safe-haven buying.

Currently, the RBI applies stricter norms and not those specified under Basel III for capital adequacy, leading banks to set aside higher capital for loans.

Earlier on October 5 also, the matter was adjourned for November 12 for next hearing by the appellate tribunal.

The bi-monthly GST compensation paid during the June-July period was Rs 14,930 crore, nearly four-fold jump from Rs 3,899 crore paid in April and May.

At the Interbank Foreign Exchange (forex) market, the rupee opened on a firm note at 72.98 from Monday's close of 73.12. It gained further ground to hit a high of 72.90, driven by dollar selling by exporters.

IL&FS, which arranged financing for infrastructure projects, has amassed huge debts and its group companies have defaulted on payment obligations for some.

Investor sentiment turned positive after the Finance Ministry issued a statement to dampen concerns over a spat between the government and the central bank.

Forex traders said, the US dollar's strength against some currencies overseas and concerns around the rift between the government and the RBI also weighed on the local unit.

ESFBL, a wholly-owned subsidiary of Equitas Holdings, was granted a licence to operate as small finance bank. Under the licensing norms, the bank has get listed within three years from the date of commencement of operations — by September 4, 2019.

The 30-share Sensex climbed 444.39 points, or 1.31 per cent, to 34,291.62 with all the sectoral indices led by realty and oil & gas trading in the positive zone, by rising up to 2.11 per cent.

The investment will be used to reduce Airtel Africa's existing debt of approximately USD 5 billion and for growth of its African operations, the Bharti Airtel unit listed in UK said.