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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.

India loaded 12 pc less Iranian oil in June than in May

Indian refiners bought around 6,64,000 barrels per day (bpd) of Iranian oil in June.

31 July 2018 8:22 AM IST

The Indian Railways has been treated as a political tool by successive governments.

Local cos set to bag rail supply order

SAIL, JSPL and Indian Railways did not immediately respond to emails seeking comment.

31 July 2018 1:57 AM IST

The Mumbai zone of the Central GST Commissionerate has mopped up revenue of Rs 72,509 crore till February this year, tax officials said.

Moody's: GST cut is credit negative

Shortfall in tax revenue to be partly offset by improved tax compliance.

31 July 2018 1:51 AM IST

97 per cent dip in net for Indigo operator

The budget carrier had posted a net profit of Rs 811.10 crore in the same quarter last year.

31 July 2018 1:47 AM IST

PM Modi was interacting with women associated with Self Help Groups through video conferencing on the Narendra Modi (NaMo) app. (Photo: ANI)

PM Modi's bigmen speech to ease India Inc's concern

The PM has strengthened industry's resolve to actively participate in the revival of the economy, he added.

31 July 2018 12:54 AM IST

n The draft has suggested setting up of a separate wing in the Directorate of Enforcement to handle complaints related to implementation of FDI guidelines in e-commerce sector.

MNCs may be asked to store data locally

National e-commerce policy aims to level playing field.

31 July 2018 12:47 AM IST

Competition Commission has ordered a probe against broadcasters -- Star India and Sony Pictures Network India. (Photo: Best Media)

CCI to probe Star India, Sony Pictures for unfair business ways

The regulator has ordered a detailed investigation on a complaint filed by Noida Software Technology Park Ltd.

30 July 2018 7:48 PM IST

Agriculture is one of those sectors where we have seen no reforms, whether in terms of export-import policies or domestic constraints.

Agriculture sector must grow at 4 pc or higher to boost economy: Kant

Agriculture tech startups have raised over USD 800 million in the last 5 years, he added.

30 July 2018 7:35 PM IST

The Reserve Bank of India (RBI) late on Monday dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began April 1.

Axis Bank Q1 profit slips 46 per cent to Rs 701 crore

In absolute terms, gross NPAs rose at Rs 32,662.40 crore as on June 30, 2018 compared to Rs 22,030.87 crore a year...

30 July 2018 7:19 PM IST

Customers outside the Bank of Baroda branch at Juinagar, which did not have any CCTV.

Bank of Baroda shares zoom over 10 per cent post Q1 results

Shares of the company soared 9.92 per cent to close at Rs 151.75 on the BSE.

30 July 2018 7:11 PM IST

The Reserve Bank is expected to go for a hike in key policy rates by the fourth quarter of this year.

Reserve Bank of India's interest rate setting panel starts 3-day meet

Experts are divided in their opinion about the likely action of Reserve Bank of India on the benchmark lending rate.

30 July 2018 6:41 PM IST

The government on Monday said it will still want to see if IndiGo bids for Air India.

IndiGo Q1 net tanks 96.6 per cent to Rs 27.8 crore on high fuel cost

The Gurugram-based budget carrier had posted a net profit of Rs 811.10 crore in the same quarter last year.

30 July 2018 5:59 PM IST