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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 prices inch up on Saudi output cut, but slowing economic growth...

Brent crude oil futures LCOc1 were at $72.81 per barrel at 0515 GMT, up 20 cents, or 0.3 per cent.

14 Aug 2018 12:00 PM IST

Electric vehicle is the future transport.

India's first electric vehicle charging corridor to come up in...

Magenta will set up the country's first electric vehicles (EVs) charging corridor at Lonavala.

14 Aug 2018 11:58 AM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Salary costs at headquarters to attract 18 pc GST: AAR

GST invoice for functions performed by employees in head office that has helped branches in other states.

14 Aug 2018 11:47 AM IST

Jet Airways stock ended the day at Rs 604.35, down 1.55 per cent from the previous close on BSE.

Jet Airways, rating agencies under scanner for lapses in loan...

Sebi is already looking into the issues surrounding deferment of the airline's financial results.

14 Aug 2018 11:17 AM IST

Positive start for domestic stock markets lent support to rupee. (Photo: PTI)

Rupee crashes to all-time low of 70.09 against US dollar

The rupee was last at 69.99 to the dollar, compared with its previous close of 69.95 per dollar.

14 Aug 2018 11:04 AM IST

BMW unveiled its latest SUV, the fourth-gen X5, recently. It is not only larger than the model it replaces but looks a lot more aggressive as well.

South Korea bans driving BMWs under recall due to fires

Nearly 40 fires of BMW vehicles this year are suspected to have been caused by engine problems.

14 Aug 2018 10:56 AM IST

The BSE Sensex on Friday soared to life-time high of 33,270.62 and the NSE Nifty scaled another record high of 10.366.15 in opening trade. Photo: AP

Sensex rebounds 185 points to 37,829 on macro boost

Earnings by some blue-chip firms including Tata Steel helped in building positive sentiments.

14 Aug 2018 10:15 AM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

China printing Indian currency notes, says report

A host of countries, including India, have contracts with the Chinese government for printing of currency notes, says...

14 Aug 2018 10:09 AM IST

Indias widening current account deficit coupled with normalisation of loose policy in developed nations and soaring crude oil prices may weaken rupee towards Rs 67/$1 in the fiscal years that begun from April 1.

Rupee recovers from life-time low, up 23 paise against US dollar

Yesterday, the rupee had plunged by Rs 1.08, or 1.57 per cent, to a record low of 69.91 against the US currency.

14 Aug 2018 9:57 AM IST

Smitha V Crishna of the Godrej Industries is the wealthiest woman in India while Kiran Majumdar-Shaw is the wealthiest self-made woman.

Godrej's Smitha Crishna is India's wealthiest woman

Kotak Wealth Hurun estimated Crishna to own a wealth of Rs 37,570 crore.

14 Aug 2018 9:48 AM IST

New notes of Rs 2000 issued by the Reserve Bank of India. (Photo: PTI)

Law soon for exchange of torn Rs 2,000 and Rs 200 notes

At present, banks are finding it impossible to exchange soiled Rs 200 and Rs 2,000 banknotes.

14 Aug 2018 9:35 AM IST

With the rupee resuming its fall after a brief period of consolidation, forex participants are not ruling out of the possibility of the rupee weakening further to breach the 70 level mark. (Photo: AP)

Chit fund investors to get insurance cover against frauds

The move comes amid reports of many investors losing money in dubious schemes floated by chit funds.

14 Aug 2018 9:26 AM IST