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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 surges after OPEC indicates it will maintain output cuts

US West Texas Intermediate crude was 82 cents, 1.3 per cent, higher at USD 63.58 a barrel.

20 May 2019 10:33 AM 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 79 paise against dollar as market cheers exit poll results

Rupee is trading at 69.44 against dollar after exit poll results suggested another term for the ruling NDA government.

20 May 2019 10:01 AM IST

The Sensex opened higher before trading at 26,646.65 at 1100 hours, a loss of 51.17, or 0.19 per cent.

Sensex jumps over 800 points as exit polls show NDA's victory

Rupee up by 79 paise against dollar as exit poll showed that ruling NDA is likely to win the Lok Sabha elections.

20 May 2019 9:41 AM IST

McDonalds is an American fast food chain. (Photo: PTI)

CPRL reopens 13 McDonald's stores in Delhi NCR, others to follow soon

All other restaurants in North and East region would remain closed.

20 May 2019 9:14 AM IST

As the downward spiral of the rupee continues, its effect will be felt in the government not being able to hold the fiscal deficit, inflation in oil and other imports, the fall of investments made in the stock market and the increased cost to companies in repaying foreign loans.

Devise a strategy to cash in on election results

If there is continuity in the government, markets would be in for a relief' rally. It is best to keep away from it and...

20 May 2019 4:52 AM IST

A term insurance policy is a working persons preferred financial protection instrument.

Do senior ccitizens need term Insurance?

A term insurance policy provides low-cost life coverage with no investment benefits. Any person who meets the...

20 May 2019 4:45 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.

Market may move up by 2-3 per cent

The expectations are that a lot of foreign funds would flow in if the election results come in the BJP's favour.

20 May 2019 4:39 AM IST

The tea exports to Pakistan during the first 10 months of 2018 rose 22 per cent to 13.07 million kg as compared to 10.65 million kg.

Tea exports to Pakistan rising

India's tea export to Pakistan could rise to 20-25 million kg in 2019 from 15.83 million kg in 2018.

20 May 2019 4:36 AM IST

Deputy Chief Minister Manish Sisodia addresses a gathering at the Assocham national conclave on GST in New Delhi on Wednesday. (Photo: PTI)

Centralised bench for advance ruling mulled

Government move comes in the wake of taxpayers facing uncertainty and confusion over various tax dues.

20 May 2019 4:33 AM IST

Johnson and Johnson announced paternity leave of eight weeks for new and adoptive fathers. Photo: AFP/ Representational

Modi's jobs deficit: J&J's largest India plant idle three years after...

Lack of jobs growth and a farm-income crisis because of low crop prices have hurt Modi in the current general election.

19 May 2019 3:51 PM IST

The change could force those who run pages, everyone from news outlets to musicians to sports teams, to pay to run advertisements.

Political ad spend on Facebook, Google tops Rs 53 crore

Ad spend on Google, YouTube, and partner properties since February 19 stood at Rs 27.36 crore with 14,837 ads.

19 May 2019 2:47 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI's vision document on payment systems to spur digital economy:...

The RBI has said it will implement the approach outlined in the document during the period 2019 - 2021.

19 May 2019 2:04 PM IST