Morning Business News

Govt withdraws 15% export duty on steel
Cabinet clears way for 49% FDI in insurance
Telenor buys 60% in Unitech telecom
GAIL-Indian Oil to set up petrochemical plant
US ban, forex losses land Ranbaxy in Rs 394-crore loss
M&M Xylo to take on Toyota Innova
FIIs short-sold $3bn stocks: Sebi