ACC Halts Expansion of Concrete Plants in India as Demand Slows, PTI Says ACC Ltd., India’s biggest maker of cement, has put on hold a 6 billion rupee ($127 million) expansion of its ready-mix concrete business, the Press Trust of India reported, citing Hans Fuchs, chief executive officer of the concrete unit.
India May Impose Import Tax on Crude Palm Oil Purchases, Press Trust Says India may impose a tax on crude palm oil imports, the Press Trust of India reported, citing Commerce and Industry Minister Kamal Nath.
State Bank of India Cuts Interest Rates on Loans for Top Clients, Deposits State Bank of India, the nation’s biggest, announced a cut in interest rates on loans and deposits, following previous reductions after the central bank lowered its benchmark measure to boost sagging economic growth.
source: Bloomberg