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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 prices edge higher, but future demand concerns cap gains

Prices have risen more than 25 per cent this year, supported by supply curbs by the OPEC.

27 March 2019 12:00 PM IST

Jet Airways did not commission the creative being shared on social media platforms, in context of a recent event concerning another domestic airline, the statement said. (Photo: AFP/File)

Jet Airways shares rise after govt official rules out grounding more...

Jet Airways Ltd's shares rose about 6 per cent on Wednesday to a near 10-week high.

27 March 2019 11:44 AM IST

Foreign portfolio investors (FPI) have pulled out more than Rs 7,300 crore from the equity markets in August.

Positive catalysts to benefit rupee bonds, but sharp rally in 10-year...

FPIs bought a net debt of USD 1.6 billion this month, in addition to USD 4 billion into equities.

27 March 2019 11:12 AM IST

Adani Group on Wednesday announced foray into transport infrastructure with a Rs 1,140-crore highway project won by a consortium led by its holding firm in Chhattisgarh from the National Highways Authority of India (NHAI).

Adani becomes 1st Indian port operator to record 200 MT cargo movement

Going forward, APSEZ aims to double its cargo handling to 400 MT by 2025.

27 March 2019 11:07 AM IST

GMR Infrastructure

Tata group, GIC, SSG to invest USD 1.16 billion in GMR Airports

The deal will also provide exit to existing private equity investors that hold a 5.8 per cent stake in the airports...

27 March 2019 10:47 AM IST

Stocks of IT companies saw selling as the rupee continued to strengthen, which dragged down the Sensex.

Sensex jumps over 200 points; Nifty reclaims 11,500 level

The 30-share index was trading 205.47 points, or 0.54 per cent, higher at 38,438.88.

27 March 2019 10:07 AM IST

With the rupee resuming its fall after a brief period of consolidation, forex participants are not ruling out of the possibility of the rupee weakening further to breach the 70 level mark. (Photo: AP)

Rupee slips 12 paise against US dollar in early trade

A higher opening in domestic equities and sustained foreign fun inflows helped in restricting the slide in Indian unit.

27 March 2019 10:04 AM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

Top 11 PNB officials summoned for violation of banking regulation

The RBI has further alleged that the accused willfully and deliberately made false statements in the compliance report.

27 March 2019 10:01 AM IST

Nissan and Renault chairman Carlos Ghosn. (Photo: AP)

Nissan panel to propose bigger role for external directors in Ghosn...

The independent panel will announce the results of its three-month audit of Nissan's governance-related procedures.

27 March 2019 9:27 AM IST

The MyBox solution enables cable and DTH operators to bring Alexa to compatible, pre-existing set-top boxes. Paired with MyBoxs hub and microphone-equipped remote control, customers will have access to Alexa and the ability to control smart home devices, play music, shop for household goods, and more hands-free.

TV viewers may soon be able to switch service providers without...

Since last two years we have been trying to make STBs interoperable, says Sharma.

27 March 2019 9:20 AM IST

Nirav Modi case: Ex-PNB chief Usha Ananthasubramanian approaches NCLAT

The appellate tribunal had directed to list the matter on April 29 for next hearing.

27 March 2019 9:14 AM IST

Raghuram Rajan has written about his experiences in India as RBI governor in his recently launched book I do what I do. (Photo: PTI)

Farm loan waivers kill credit culture, says Raghuram Rajan

Raghuram Rajan said loan waivers cover only those farmers who have taken loans from the formal system.

27 March 2019 9:11 AM IST