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Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Oil demand slows as growth in India, China dip

Traders expect growth to slow further as US sanctions on Iran take hold from Nov.

16 Aug 2018 12:29 AM IST

Yesterday, the rupee had gained 10 paise against the US dollar to end at 66.71

FPIs see gains wiped out after rupee plunge

Rupee unlikely to depreciate dramatically, say experts.

16 Aug 2018 12:21 AM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

FX reserves enough to mitigate volatility, says Arun Jaitley

However, he said India's macro fundamentals remain resilient and strong.

16 Aug 2018 12:17 AM IST

Tata Steel is countrys major steel producer.

Positive growth in steel sector, trend to continue: Tata Steel

The demand for steel was projected to grow by 5-6 per cent, but it has been 8 per cent, Narendran said.

15 Aug 2018 5:41 PM IST

As leaders across nation unfurled the tricolour flag, Prime Minister Narendra Modi spoke about ensuring social justice for all and creatring an India that is progressing rapidly in his Independence Day speech. (Photos: AP/ PTI/ ANI)

Industry welcomes PM's firm resolve to place India among top economies

Rakesh Bharti Mittal said the speech reiterated the growing confidence of the world in the Indian growth.

15 Aug 2018 5:22 PM IST

In the financial year ended March 31, 2017, Patanjali Ayurved reported an aggregate sale of Rs 10,561, registering a five-fold growth since 2014-15, where the sales was capped at Rs. 2,006 crore. (Photo: PTI/File)

Patanjali brings back Kimbho chat app; official launch on Aug 27

Kimbho app is now ready with new and advanced features.

15 Aug 2018 5:00 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI puts 200 stressed account under scanner

This exercise comes at a time when gross NPAs in the banking system has risen to around Rs 10.3 lakh crore.

15 Aug 2018 4:04 PM IST

CAIT demanded immediate action against policy defaulter e-commerce companies and impose ban on working of their portal.

Draft policy expects e-commerce platforms to store data locally

The draft policy recommends strengthening regulatory vigilance for payments system.

15 Aug 2018 3:49 PM IST

To tackle malnutrition, the FSSAI recently recommended adoption of fortified food in government schemes. (Representational image)

Govt sanctions nearly 500 additional posts for food regulator FSSAI

Ministry of Health and Family has issued orders to create 493 additional posts for the authority.

15 Aug 2018 2:46 PM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Saudi Aramco, ADNOC can't export Ratnagiri refinery fuel without PSU's...

India has a refining capacity of 232.066 MT, which exceeded the demand of 194.2 MN in 2016-17.

15 Aug 2018 2:41 PM IST

MFs log Rs 10,585 cr inflow in July; total investment crosses Rs...

At present, the mutual fund industry, comprising 42 players, manages assets to the tune of Rs 23 lakh crore.

15 Aug 2018 2:25 PM IST

Union Minister Arun Jaitley said that Congress had no real issue and was hence resorting to manufacturing. (Photo: File)

Govt says forex reserves comfortable to withstand rupee fall

Rupee hit the record low of 70.1 per dollar on Tuesday, as concerns about Turkey's economic woes.

15 Aug 2018 2:01 PM IST