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May 18, 2018 10:30 PM IST | Source: Moneycontrol.com

News highlights: India, EU give WTO lists of US goods for potential tariff retaliation

This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.

  • May 18, 10:34 PM (IST)

    India, EU give WTO lists of US goods for potential tariff retaliation

    India and the European Union have given the World Trade Organization lists of the US products that could incur high tariffs in retaliation for the US President Donald Trump's global tariffs on steel and aluminium, reported Reuters.

  • May 18, 10:14 PM (IST)

    India, EU give WTO lists of US goods for potential tariff retaliation

    India and the European Union have given the World Trade Organization lists of the US products that could incur high tariffs in retaliation for the US President Donald Trump's global tariffs on steel and aluminium, reported Reuters.

  • May 18, 10:34 PM (IST)

    That's all for today, readers. Thanks for staying on with our coverage of the day's action. Your enthusiasm encourages us to better our coverage every day. Do come back tomorrow for more news, views and insights.

  • May 18, 10:12 PM (IST)

    BBMB imposes 15% cut on water supply to Punjab, Haryana, Rajasthan

    The Bhakra and Beas Management Board (BBMB) has imposed a 15 percent cut on the water being supplied to Punjab, Haryana and Rajasthan from the Bhakra and Pong dams. The decision was taken because of low-level of water in the dams, reported PTI.
     

  • May 18, 10:08 PM (IST)


    Delay in payment of MGNREGA wages not accepted: Supreme Court

    Any delay in paying the wages under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is "simply not acceptable" and red-tape cannot be "pedalled" as an excuse to deny payment to the workers, the Supreme Court said today.
     

  • May 18, 10:06 PM (IST)

    Sebi clears Emami promoters of insider trading charges

    Markets regulator Sebi has cleared seven present and former promoters of FMCG company Emami of insider trading charges. Disposing of the case related to insider trading charges against Emami promoters, Sebi in an order said the allegations against the promoters stand "not proved".
     

  • May 18, 10:04 PM (IST)

    "I am in touch with the JD(S) MLAs so that they support BS Yeddyurappa ji tomorrow. Nobody can even dare to ask me to help them and nobody has dared to ask me as yet. Party is like my mother," Preetham Gowda, BJP told ANI.

  • May 18, 10:03 PM (IST)
  • May 18, 10:03 PM (IST)

    JD(S) and Congress have jointly given list of 118 MLAs to Governor. We've sufficient strength to form Govt in Karnataka. This morning Supreme Court has given judgement on Governor's decision. For past 2 days, BJP is trying to by the MLAs of the opposition: HD Kumaraswamy, JD (S)

  • May 18, 09:55 PM (IST)
  • May 18, 09:54 PM (IST)

    Mamata Baneerjee's TMC records resounding victory in West Bengal rural polls

    The ruling Trinamool Congress has scripted a resounding victory in the West Bengal rural polls bagging more than 85 percent of the seats, while the BJP came a distant second, emerging as the main opposition in the state. 
     

  • May 18, 09:52 PM (IST)

    JSW Steel in pact to buy Italian special steel maker for Rs 440 cr

    Domestic steel major JSW Steel today said it has signed an agreement with Algeria-based Cevital to acquire its Italian arm Aferpi, a specialised steel products maker, for about Rs 440 crore. The acquisition of Aferpi, which owns the second largest steel plant in Italy, will help JSW expand its reach in the specialised steel market, particularly in the automobile sector, the Indian steel maker said in a statement.
     

  • May 18, 09:51 PM (IST)

    Pro-tem speaker KG Bopaiah 'dented and tainted', says Congress; moves court 

    The Congress today took strong objection to the appointment of BJP MLA KG Bopaiah as the pro-tem speaker ahead of tomorrow's floor test in Karnataka, alleging he was "dented and tainted" as strictures were passed against him and moved court against Governor Vajubhai Vala's decision. Raising questions over Vala's move to appoint him, Congress communications in-charge Randeep Surjewala said according to convention, the senior-most MLA is appointed the pro-tem speaker and the Governor should have followed past precedents.
     

  • May 18, 09:09 PM (IST)

    Eight persons killed in Texas school shooting, gunman arrested 

    A gunman opened fire at a high school in the US state of Texas today, killing at least eight persons. The incident took place at Santa Fe High School in the city of the same name, located about 50 kilometres southeast of Houston.
     

  • May 18, 09:08 PM (IST)

    DoT gears up to complete BharatNet rollout ahead of December deadline

     The Department of Telecom has advanced the deadline to December-end for providing broadband connectivity to all village panchayats under the BharatNet programme, reported PTI. The government has set the target to complete the network rollout across 2.5 lakh gram panchayats by March 2019 after deferring the deadline several times for the programme launched way back in 2011.
     

  • May 18, 09:05 PM (IST)

    Karnataka Polls 2018: KG Bopaiah - A BJP MLA with a chequered past who has been named pro tem speaker

    Karnataka Polls 2018: KG Bopaiah - A BJP MLA with a chequered past who has been named pro tem speaker

    The newly appointed pro tem Speaker has had a controversial political history and has earned the ire of the Supreme Court in the past.

  • May 18, 09:04 PM (IST)


    Encounter breaks out between militants, security forces in Kupwara

    Security forces are engaged in a gun battle with militants in Kupwara district of Jammu and Kashmir, the Army said, in a first counter-militancy operation since the Centre announced a conditional suspension of operations during Ramzan. The encounter broke out in Haphruda forests in Handwara area of Kupwara in north Kashmir, an Army official said.
     

  • May 18, 08:57 PM (IST)
  • May 18, 08:54 PM (IST)

    JUST IN | Several people were killed in a shooting Friday morning at a high school in the southeastern Texas city of Santa Fe, reported CNN. This is the third school shooting incident in the past seven days in the United States. Media report suggests a suspect in the shooting has been arrested and another detained. 

  • May 18, 08:54 PM (IST)

    Steel sector may get boost from infra growth: Birender Singh
     

    Steel minister Chaudhary Birender Singh said the steel industry is set to see big growth opportunities as 70 percent of the country's infrastructure estimated at Rs 6 lakh crore is still to come up.

  • May 18, 08:49 PM (IST)
  • May 18, 08:48 PM (IST)

    Train delays: Railway Board chairman reviews punctuality of 'worst-performing' divisions

    Concerned over train delays, Railway Board Chairman Ashwani Lohani today asked managers of the ten worst performing divisions — including Allahabad, Benaras, Howrah and Mumbai Central — to explain the reasons and take remedial measures.

  • May 18, 08:36 PM (IST)


    PM Modi visits Jammu and Kashmir on May 19, three-tier security put in place

    A three-tier security arrangement has been thrown around the city ahead of Prime Minister Narendra Modi's visit to all three regions of Jammu and Kashmir on May 19. During the visit, PM Modi will lay the foundation stone for the ambitious Zojila tunnel that will provide all-weather connectivity to Ladakh with the rest of the country.
     

  • May 18, 08:34 PM (IST)

    Currency situation normal, all ATMs functioning well says DEA Secretary

    The currency situation is completely normal and ATMs are working well across the country, Economic Affairs Secretary S C Garg said. Adequate amount of currency is available across the country and there are no reports of shortage now, he told reporters here.
     

  • May 18, 08:12 PM (IST)

    Ready to retaliate against Trump tariffs, EU tells WTO

    The EU told the World Trade Organization it was ready to unfurl retaliatory measures against US tariffs on steel and aluminium, which would include European tariffs on motorcycles and bourbon.

  • May 18, 08:06 PM (IST)


    Sebi 'disappointed' with co secretaries for non-disclosures

    Capital markets regulator Sebi today said it is "disappointed" with company secretaries for lack of disclosures regarding actions taken by stock exchanges in secretarial audits of companies.
     

  • May 18, 07:52 PM (IST)

    PNB fraud: ED summons Nirav Modi's family, US partner

    The Enforcement Directorate has summoned at least four members of absconding diamantaire Nirav Modi's family, including his father and brother, and his US-based business partner in connection with a money laundering case linked to the over USD 2 billion PNB fraud, reported PTI. The officials will question the family members as a number of financial transactions and Nirav Modi's businesses are linked to them.
     

  • May 18, 07:39 PM (IST)


    Vladimir Putin says Russia to continue gas shipments via Ukraine

    President Vladimir Putin said today that Russia intends to continue natural gas shipments via Ukraine despite a planned second pipeline to Germany. "We will continue gas shipments (via Ukraine) as long as they are economically justified," Putin said during a press conference with visiting German Chancellor Angela Merkel.
     

  • May 18, 06:56 PM (IST)

    No proposal to change the 15th Finance Commission Terms of Reference, says Economic Affairs Secretary Subhash Chandra Garg. 

  • May 18, 06:51 PM (IST)

    Will be convening a meeting on the issue of cryptocurrency soon, says Economic Affairs Secretary Subhash Chandra Garg. 

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