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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 drop on worries about oversupply

Brent crude oil was down 19 cents, or 0.3 per cent, at $72.87 a barrel, after settling down 1 cent.

24 July 2018 10:15 AM IST

Bombay Stock Exchange

Sensex scales record high, Nifty holds above 11,100

The 30-share BSE index spurted by 150.74 points, or 0.41 per cent, to hit a new high of 36,869.34.

24 July 2018 9:59 AM IST

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

Rupee falls 15 paise against dollar in early trade

Rupee is trading at 69.01 against dollar, hurt by fresh demand for American currency from importers.

24 July 2018 9:35 AM IST

Traders body CAIT demanded scrutiny of the proposed $12-billion Flipkart-Walmart deal.

Clean chit to Flipkart in excess GST collection case

Apart from Flipkart, the other three companies that have got clean chit from the anti-profiteering authority.

24 July 2018 9:29 AM IST

Wholesale inflation in the month of October soared to 3.59 per cent on the back of food and fuel prices. (Photo: PTI)

Veggie prices shoot up; burn holes in consumers' pockets

At present, in most residential markets in the capital, vegetables have gone out of the common man's reach.

24 July 2018 9:23 AM IST

The Department of Telecom (DoT) is likely to approve on Monday the merger of Vodafone India and Idea Cellular that will create the countrys largest mobile service operator with proposed name of Vodafone Idea Ltd.

Idea, Vodafone pay Rs 7,249 cr under protest to DoT for merger

Idea Cellular and Vodafone have made payment under protest as demanded by the DoT for the merger.

24 July 2018 9:16 AM IST

Twenty-one banks, majority owned by New Delhi, account for more than two-thirds of the banking assets in Asias third-biggest economy.

Over 20 Indian banks sign pact for faster bad-loan resolution

Top lender State Bank of India was among banks which signed the agreement.

24 July 2018 9:10 AM IST

Alphabet shares slipped slightly in after-market trades that followed release of the earnings report.

Alphabet trounces profit estimates as Google reins in costs

Alphabet's $32.66 billion in second-quarter revenue, 86 per cent of which came from Google's advertising business.

24 July 2018 8:23 AM IST

President Donald Trump

China won't devalue yuan to boost exports

China has no intention to use means like the competitive devaluation of its currency to stimulate exports, he said.

24 July 2018 6:10 AM IST

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.

Despite U.S. Pressure, Iran No. 2

State firms that buy oil from Iran include MRPL, Indian Oil and HPCL.

24 July 2018 5:59 AM IST

Bombay high court

Bombay High court pulls up FinMin over DRT

The court posted the petition for further hearing on July 25.

24 July 2018 5:55 AM IST

Union minister Piyush Goyal borrowed the phrase to hit back at the Congress chief for a tweet targeting him over corruption allegations. (Photo: File)

Banks ink pact for NPAs

Not a parallel system but within the framework of IBC, says Goyal.

24 July 2018 5:45 AM IST