Home » Business

Business - Page 441

Facts first. Crude oil prices rose 0.61 per cent to Rs 4,157 per barrel in futures trade on July 12 as speculators raised their exposure, tracking a rebound in global markets.

IEA says does not expect 'huge increase' in crude prices

The IEA is reducing its 2019 oil demand forecast due to a slowing global economy amid a US-China trade spat.

19 July 2019 11:01 AM IST

The rupee may trade in Rs 68.50-70.50/$1 range in the week to May 24 compared to Rs 69.80-70.92/$1 range in the previous week, a poll of 12 foreign exchange dealers showed on Monday.

Rupee rises 23 paise against dollar in early trade

Rupee opened strong at 68.78 at the interbank forex market then gained further ground to touch 68.74 per dollar.

19 July 2019 10:21 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 drops over 200 points, Nifty below 11,550

The 30-share index opened over 150 points tracking rally global equities, but surrendered all gains to trade 201.04...

19 July 2019 10:16 AM IST

The official said Rs 32.54 crore in cash, out of the total seizures of Rs 152.78 crore, has been released after verification. (Representational image)

Cash withdrawal from multiple accounts to be aggregated for levying 2...

Two per cent tax will be charged if aggregate cash withdrawal from one or more accounts exceeds Rs 1 crore.

19 July 2019 9:38 AM IST

Sources at the National Aviators Guild (NAG), the pilots union of Jet Airways, said the bond requirement has been communicated to the junior pilots. (Photo: Representational/PTI)

Jet Airways RP gets claims worth Rs 24,887 cr; rejects Rs 229 cr claim...

After 4 rounds of hearing, NCLT has asked the RP to file periodic reports on the development in the resolution process.

19 July 2019 9:33 AM IST

ShopClues spokesperson said the company has been steadily reducing its workforce mostly in operating functions.

ShopClues lays off 200 employees: sources

ShopClues posted losses of Rs 2.08 billion (Rs 208 crore) for the year ended March 2018.

19 July 2019 9:27 AM IST

Maharashtra CM Devendra Fadnavis

Chief ministers' panel on agri favours linking Finance Commission...

The next meeting of the committee will be on August 16.

19 July 2019 9:22 AM IST

Representational image of an Indigo aircraft.

Govt seeks explanation from IndiGo on Gangwal's complaint

The company will respond to MCA within the prescribed period," the filing said.

19 July 2019 9:17 AM IST

Microsoft sued the hacking group in US District Court in Washington this month and described a hacking operation that demonstrates skill, patience and access to resources.

Profit soars for Microsoft fueled by cloud, business services

Microsoft shares rose 1.4 per cent to USD 138.35 in after-market trading that followed release of the earnings figures.

19 July 2019 8:31 AM IST

The US-China trade war is not going to be beneficial for Indian exports. On the contrary, India faces a threat of dumping by China.

Trade war may not help Indian exports

Capital goods account for only 3.71 per cent of India's exports to the US and electrical and electronic goods do not...

19 July 2019 7:00 AM IST

The bad news is that over the next three days there would be less or no rains in many parts of the country, which would widen the all-India rain deficit from the present 17 per cent to 20 per cent from June 1, the start of the monsoon season.

Rains to revive, pick up pace over next two weeks

The state-run agency also said rains in the remaining parts of the country are very likely to be normal to below normal.

19 July 2019 6:55 AM IST

In FY19, the country exported agri goods worth Rs 923 crore to China against Rs 464 crore in FY18, a growth of 99 per cent. Guar gum, fresh grapes and pulses witnessed good growth.

Agri exports to China double

In dollar terms the growth was 83 per cent from $72 million in FY18 to $132 million in FY19.

19 July 2019 6:49 AM IST