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Expanding the knowledge base for steel

Non-steel sectors are contributing more to the growth of GDP. Similar is the case with regard to investment and steel consumption. The recent experience has firmly established that the positive correlation between GDP growth and…

Asian markets slip amid weakening dollar

The U.S. dollar weakened more in early Asian trading on Tuesday, pressuring equities after big gains a day earlier. But trading volume remains thin as many market participants are away on vacation. Fresh dollar selling began just as the…

LIC nixes proposal to list UTI

While LIC was keen to buy out the other shareholders of UTI, the finance ministry was initially keen on just a small listing of, say, 10% of UTI’s shares. Life Insurance Corporation of India (LIC) has turned down the proposal for an IPO…