Govt to probe Chinese dumping; Import duty on palmoil hiked
Union government has suo moto initiated anti-dumping investigations against import of consumer goods like dry batteries, toys and sports shoes from China. This is the for the first time that the government has initiated anti-dumping investigations against consumer goods.
Tata's not OK -- Telco to issue pink slips to over 2,800 staffers
Look who's cutting costs: the country's largest automaker, Tata Engineering (Telco). The premier industrial company will issue pink slips to over 2,800 employees, including some top managers. The Voluntary Retirement Scheme, targeted at cutting rising costs by Rs 300 cr.
Daimler fires top US managers
New German management at Chrysler, dispatched by DaimlerChrysler AG to fix its struggling US unit, put themselves more firmly behind the wheel on Monday by firing three top American executives.