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A picture shows export oil pipelines at an oil facility in the Khark Island, on the shore of the Gulf. (AFP Photo)

Oil prices jump as US stockpiles grow less than expected

The official start of output cuts agreed between Organization of Petroleum Exporting Countries (OPEC) and other major...

1 May 2020 8:38 AM IST

SpiceJet to pay part salary to all employees based on work hours.(PTI Photo)

SpiceJet to pay part salaries to over 92% employees, based on work...

In a press release, the budget carrier said it has decided that there would be no job cuts at this time

30 April 2020 3:13 PM IST

Jewellery demand and gold investment demand also declined in the first quarter. (AFP Photo)

India's Jan-Mar gold demand falls 36% due to volatile prices, economic...

Jewellery demand and gold investment demand also declined in the first quarter and going ahead it could be a...

30 April 2020 2:19 PM IST

Asian markets rallied again and oil prices built on the previous days surge. (AFP Photo)

Asian stocks rise on hopes for drug to treat coronavirus

Top US expert Anthony Fauci's said that remdesivir "has a clear-cut, significant, positive effect in diminishing the...

30 April 2020 12:56 PM IST

Glenmark Pharmaceuticals Ltd. (PTi Photo)

India's Glenmark to conduct trials for potential Covid19 drug

Shares of Mumbai-based Glenmark Pharmaceuticals, which rose as much as 8.9% to 359 rupees ($4.78), was trading up 5.9%

30 April 2020 12:28 PM IST

Federal Reserve signalled Wednesday that it will keep its key short-term interest rate near zero. (Photo- AFP)

US Fed leaves interest rates near zero, to use full range of tools to...

In its statement, the Fed said it is "committed to using its full range of tools to support the US economy in this...

30 April 2020 10:41 AM IST

Oil prices rise on early signs of slowing U.S. glut build. AFP Photo()

Oil prices rise after US crude storage build slows

U.S. Energy Information Administration data showed U.S. crude oil inventories grew by 9 million barrels last week to...

30 April 2020 8:42 AM IST

Daimler sees operating loss ahead in Q2 over virus. (PTI Photo)

Daimler sees operating loss as auto sales drop due to coronavirus

In January-March, Daimler reported a 92 percent slump in net profit

29 April 2020 1:46 PM IST

Axis Bank shares drop over 6 pc after Q4 net loss. (PTI Photo)

Axis Bank shares drop over 6% on Rs 1,387.78 crore loss

The private sector lender had reported a net profit of Rs 1,505.06 crore in the same quarter of the previous financial...

29 April 2020 1:04 PM IST

SEBI extended the deadline by six months for mutual funds to comply with the highest limits of investment in unlisted non-convertible debentures. (PTI Photo)

SEBI eases compliance norms for mutual funds on unlisted debt

Mutual funds were required to comply with the highest investment limit of 15 percent and 10 percent in unlisted NCDs by...

29 April 2020 9:45 AM IST

Fugitive diamond merchant Nirav Modi. (PTI Photo)

Nirav Modi remanded to custody, extradition trial from May 11 in UK...

Two additional charges of "causing disappearance of evidence" and criminal intimidation to cause death were added

29 April 2020 9:08 AM IST

Oil jumps above $14 a barrel after massive sell-off. (AFP Photo)

Oil jumps above $14 a barrel after massive sell-off

The Oil Fund had sold its contracts due to expire in June to move into longer-dated holdings amid fears about storage...

29 April 2020 8:40 AM IST