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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.

Crude oil futures slip on weak global cues

Marketmen said the fall in crude oil futures was mostly due to trimming of positions by traders in tandem with a weak...

9 Dec 2019 3:25 PM IST

Economic survey 2016-17 has proposed the creation of a public sector asset rehabilitation agency (PARA) to resolve such large and complex cases.

Business

Invest talk: Privatisation offers investment opportunity in PSUs

Commercial expediency is overtaken by political goals. The PSU stock prices follow a pattern of optimism and despair.

9 Dec 2019 1:28 AM IST

When we take a loan, we assume that well keep generating income that will help pay off the debts as planned. But situations such as a loss of job, loss of income, and health problems can throw a spanner in the works.

Business

Money talk: What to do when paying EMIs becomes a struggle

Before you incur debt, especially a large, long-term debt such as a home loan, you need to take two measures to protect...

9 Dec 2019 1:23 AM IST

Its mandatory by law to own a third-party insurance for your vehicles. Third party is any party apart from you or the insurance company that may suffer damages due to an accident caused by your vehicle.

Business

Share of third party cover rising in motor premia

The past three years have seen a steady rise in this share and from this year onwards the growth momentum could spike...

9 Dec 2019 1:19 AM IST

The market will be looking forward to the release of industrial production, retail and wholesale inflation figures this week.

Business

Market in corrective mode, may turn volatile

Analysts say traders and short term investors need to be cautious and should try to reduce weak long positions at 11950...

9 Dec 2019 1:15 AM IST

The prices of edible oils have started surging as the bio-fuel programmes in Malaysia and Indonesia have increased the consumption of palm oil in those countries, eventually leading to a spike in its price.

Business

After onion, it's turn of edible oil to give price shock

India, which is a big importer, will also be hit by the price rise.

9 Dec 2019 1:13 AM IST

Reliance Jio is subsidiary of Reliance Industries.

Business

Average customer unlikely to pay for outgoing calls, says Reliance Jio

Reliance Jio is offering 1,000 minutes per month (28-day cycle) of free calling every month across all plans.

8 Dec 2019 4:43 PM IST

The Maruti Suzuki cars that will see a reduction in prices include Alto 800, Alto K10, Swift Diesel, Celerio, Baleno Diesel, Ignis, Dzire Diesel, Tour S Diesel, Vitara Brezza and S-Cross.

Business

Maruti raises production by 4 per cent in Nov after 9 straight months...

The company produced a total of 1,41,834 units in November as against 1,35,946 units in the year-ago month, MSI said.

8 Dec 2019 2:48 PM IST

Indian economic growth has steadily slowed to a six-year low of 5.0 per cent in the April-June quarter from an 8.1 per cent peak in the January-March quarter of 2018.

Business

India's real GDP growth in FY20 to come below 5 per cent: Report

For the first half of 2019-20 fiscal, GDP growth slowed to a pace of 4.8 per cent compared to the 7.5 per cent a year...

8 Dec 2019 12:52 PM IST

IndusInd Bank was the top gainer in the Sensex pack, rising 2.68 per cent. ICICI Bank gained 2.68 per cent at close. Yes Bank, Tata Steel, SBI, TCS, L&T and Infosys also advanced. (Photo: File)

Business

Global cues, macro-data to set tone for equity markets: Analysts

The US Federal Reserve interest rate decision on Thursday will be a major event that would be keenly tracked by markets...

8 Dec 2019 11:52 AM IST

$Foreign portfolio investors are also seeking clarity behind \indirect transfer\ rules that could increase tax liabilities for overseas funds. (Representational Image)$ Business

FPIs turn net sellers in share markets in Dec amid weak macro data

According to the depositories data, foreign investors pulled out a net sum of Rs 1,668.8 crore from equities.

8 Dec 2019 11:20 AM IST

Around 2000 employees will lose jobs as TCS is shutting down its office in Lucknow.

Business

Five of top-10 most valued firms add Rs 56,877 crore in market...

Reliance Industries Limited (RIL), ICICI Bank, Kotak Mahindra Bank and Infosys were among the gainers.

8 Dec 2019 11:05 AM IST