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National carrier Air India has changed the name of Taiwan to Chinese Taipei on its website, following instructions from the government, an airline spokesperson said. China had raised concerns about Taiwan being described as a separate region by various airlines worldwide. The spokesperson said Air India followed the procedure as advised by the Ministry of External Affairs in updating the airline's website with respect to changing name of Taiwan. Air India operates flights to two destinations in China region -- Shanghai and Hong Kong.

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    Prime Minister Narendra Modi's pre-election gambit to sharply hike state-mandated prices for summer crops, including rice, may mean little to millions of farmers, as the government lacks the storage and funds needed to buy most of the produce. The median increase in the so-called minimum support prices (MSPs) approved by the government on Wednesday was 25 per cent, compared with 3-4 per cent in the first four years in office for Modi, whose bid for a second term next year is expected to be much tougher than his landslide victory in 2014.

    Lenders to Essar Steel feel that ArcelorMittal, “a serious and credible resolution applicant”, has displayed “a genuine intention and taken concrete steps” by attempting to clear overdues in defaulting firms whereit was a shareholder. This was stated by ArcelorMittal, with reference to the documents presented in the NCLAT on Wednesday. A statement tweeted by ArcelorMittal said, “We welcomed the opportunity to begin presenting our case to the National Company Law Appellate Tribunal (NCLAT) on Wednesday. We have consistently maintained our belief that our offer for Essar Steel India Limited (ESIL) is eligible and that we are the only credible resolution applicant for ESIL.”

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