Business

HUL in its application said the defendant (Emami) should give it at least seven days prior written notice before initiating any legal proceedings in any court or claiming any interim relief against HUL.

Another prominent freight transporter FedEx Corp has also suspended shipments, according to a BloomberQuint report, adding that the company is facing backlogs beyond its control.

Recently, the International Monetary Fund (IMF) in its report projected the Indian economy to contract by -4.5 per cent in 2020, which is the slowest Indian growth that it has in its record since 1961.

According to a report by Wall Street Journal, a campaign led by the National Security Council and a handful of US agencies is trying to rally European governments to uproot Nuctech Co.

The impact of COVID-19 has not been evenly spread across sectors as some of them like software technology, medical professional and marketing have experienced a surge in job postings.

Lower interest rates and stimulus measures tend to benefit gold, viewed as a hedge against inflation and currency debasement.

Petrol price in Delhi was hiked to Rs 80.13 per litre from Rs 79.92 while diesel rates were increased to Rs 80.19 a litre from Rs 80.02.

Although there is no formal order, but Indian customs authority is inspecting consignments originating from China that arrive at any airport or port, government sources with direct knowledge of the development said.

After touching a high of 35,679.74, the 30-share index was trading 220.35 points, or 0.62 per cent, up at 35,650.78. Similarly, NSE Nifty rose 56.45 points, or 0.54 per cent, to 10,527.45.

The duty imposed is in the range of $13.07 per tonne to $173.1 per tonne on imports of 'Flat rolled product of steel, plated or coated with alloy of Aluminium and Zinc' from these three countries.

Ambani decided to forego his remuneration at end-April when the company decided to cut the salary of most of its employees by 10-50 per cent.

However, solar energy developers are of the view that basic customs duty (BCD) on solar equipment will be counterproductive for the segment in view of India's ambitious target of having 100 GW of solar energy by 2022.

The PSUs whose rating outlook has been revised include IOC, Bharat Petroleum Corp Ltd (BPCL), Oil India Ltd (OIL), GAIL India Ltd, Power Grid Corp of India Ltd and NTPC Ltd.

After touching a high of 35,170.08 in early trade, the 30-share index was trading 421.66 points, or 1.21 per cent, higher at 35,153.39.

Ambani is the only Asian tycoon in the top 10 as he was ranked one notch above Google co-founder Larry Page in the top 10.

Three Chinese firms are among the 12 companies from different countries with which the Maharashtra government has signed MoUs collectively worth Rs 16,000 crore.