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Bengal steel units turning 'uncompetitive' with high power tariff: Industry bodies

A body of power consumers claimed that the tariff of Damodar Valley Corporation is now Rs 6.5 per unit in West Bengal, which is "higher by Rs two" than that in neighbouring Jharkhand.
Faber: Yuan devaluation is completely meaningless

After allowing the yuan to weaken a total of around 3 percent against the U.S. dollar on Tuesday, Wednesday and Thursday amid a shift toward a "managed float" regime, the People's Bank of China (PBOC) set Friday's fixing at a slightly stronger level.

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Uncompetitive

Bengal steel units turning 'uncompetitive' with high power tariff: Industry bodies

Faber: Yuan devaluation is completely meaningless