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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 up on global cues

On the Multi Commodity Exchange, crude contract for October traded higher by Rs 4, or 0.1 per cent, at Rs 4,005 per...

26 Sept 2019 12:56 PM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

PMC Bank has enough liquidity, depositors' money fully safe, claims...

RBI has capped cash withdrawal at Rs 1,000 per customer during this period and banned the bank from any fresh lending.

26 Sept 2019 12:49 PM IST

Accutime, a leading integrated transportation service provider, is betting big on the prospects of LTL (less than truck load) and distribution logistics services business in India.

How customised warehousing and logistics is adding value to modern...

The volume of entire warehouse sector has been pegged at a value of USD 7.8 bn with the exponential growth of 10 pc...

26 Sept 2019 12:31 PM IST

File photo of a Jet Airways flight.

NCLAT allows Dutch court administrator to attend Jet Airways CoC...

One of the Jet Airways aircraft, parked in the Schiphol Airport in Amsterdam, has already been seized.

26 Sept 2019 12:30 PM IST

The Indian rupee is totally correlated to the crude prices and as long as the crude remains above $70, the rupee will hold weak.

Rupee rises 14 paise to 70.90 against USD in early trade

Higher opening in domestic equities supported the local unit, traders said.

26 Sept 2019 10:28 AM IST

LICs stake went up in seven Sensex companies during Q4. They are: Bajaj Auto; Mahindra & Mahindra; Kotak Mahindra Bank; HDFC Bank; ONGC; Coal India; and ITC.

Sensex surges over 400 points; bank stocks rally

After hitting a high of 39,008.83, the 30-share index was trading 384.54 points, or 1 per cent, higher at 38,978.06.

26 Sept 2019 10:04 AM IST

Thousands of depositors across various branches stood outside demanding answers on their life savings. (Photo: PTI)

Depositors protest as curbs put on Indian co-operative bank

The central bank and barred from renewing, or granting any loans, or making investments.

26 Sept 2019 10:00 AM IST

Indian Prime Minister Narendra Modi speaks as he hosts a special event commemorating the 150th anniversary of Mahatma Gandhi during the United Nations General Assembly at UN headquarters in New York on Tuesday. (Photo: AP)

PM Modi urges global business leaders to invest in India

By reduction corporate tax govt creates a golden opportunity & promised more measures to improve business climate.

26 Sept 2019 9:41 AM IST

Prime Minister Narendra Modi (Photo: PTI)

Modi's big tax cut unlikely to spur job bonanza in India

India's unemployment rate reached 8.19 pc in Aug, up from 6.27 pc in the same month last year.

26 Sept 2019 9:24 AM IST

Shares of Indian Bank were trading 9.59 per cent up at Rs 312.50 on BSE.

Indian Bank to link retail, MSME loans to RBI's repo rate from Oct 1

The RBI has mandated all banks to link their loans with external benchmarks, such as repo

26 Sept 2019 9:08 AM IST

The platform is aiming to reverse the industry slowdown by integrating automakers with the ripe digital market of India and converting the non-intenders through a tech revolution.

Zoomcar set to revive auto industry with car subscription model

Zoomcar can help revitalise the demand by familiarising new-age consumers with hassle-free car ownership.

26 Sept 2019 8:58 AM IST

Pravin will be responsible for leading sales across the local and global market respectively.

ePaisa strengthens leadership and business growth with new...

Pravin comes with a great experience of over 20 years in Digital Product Transformation, Business growth and leadership...

26 Sept 2019 8:44 AM IST