Saturday, September 26
BRICS leaders are poised to adopt a position at odds with US President Donald Trump on trade tariffs, aspects of conflict in the Middle East and the need to tackle climate change.In a draft statement prepared for their meeting in Brazil starting Sunday, leaders will voice “serious concern” about unilateral tariff and non-tariff measures, according to two officials from participating governments familiar with the ongoing deliberations.The government chiefs will also condemn the imposition of “unilateral coercive measures that are contrary to international law,” the officials said, asking not to be named since the discussions are private and the text of the final communique could still change.While not mentioning the Trump administration by name, the leading emerging-market nations a
New Delhi: The country's leading cement maker UltraTec, on Saturday said it is not under investigation by the fair trade regulator CCI over alleged contravention of competition norms in tenders floated by state-run oil major ONGC. "It is clarified that the Company is not under investigation in this Case No. 35 of 2020 before the Competition Commission of India ("CCI"). "The company has neither received any order from the CCI in this case nor have the company's financials been sought by the CCI," said the Aditya Birla group flagship firm in a BSE filing. It further said that its newly acquired entity India Cements Ltd (ICEM) is a party in case No 35 of 2020 and the South-India-based manufacturer is exploring legal options over the same. "The India Cements Ltd (ICL), a subsidiary of the Comp
The Odisha government on Saturday withdrew the restrictions on three private banks and allowed them to handle state business, according to an official order.The government had on June 21 removed HDFC Bank, ICICI Bank, and Axis Bank from the list of empanelled banks due to their poor performance in handling state-run schemes and on the basis of general banking parameters.This decision to withdraw the previous order was taken after senior officials of the banks met Chief Minister Mohan Majhi on July 1 and submitted written assurance to improve their performance in priority sector lending and credit-to-deposit ratio, the order said."In view of this, the state government has now decided to withdraw its earlier order dated June 21. As a result, these 3 banks will now continue as empanelled bank
