Home » Business

Business - Page 930

The northward movement in petroleum and commodity prices would also add to export growth. The recent depreciation of indian rupee is also supporting exports though its impact varies from sector to sector and from company to company. Ganesh Gupta, President, FIEO

Govt hikes import duty on select 17 items to curb CAD

Falling rupee, market bloodbath force govt to take more measures.

12 Oct 2018 8:58 AM IST

IOCs current capacity stands at about 1.62 million bpd including 230,00 bpd controlled by its subsidiary Chennai Petroleum Corp.

Govt may not burden OMCs further with fuel subsidy

The market capitalisation of six large oil companies has falled by Rs 1.2 lakh crore.

12 Oct 2018 8:57 AM IST

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 cos to absorb subsidy one-time'

He said that the government expects the global crude oil prices to remain range bound and below $85 per barrel.

12 Oct 2018 12:42 AM IST

With discounts going up as high as 50%, mobile phones accounted for over 40% of all transactions on day 1.

46Lakh phones sold online in 2 days of festive sales

Meanwhile, Flipkart said on Thursday that it sold 30 lakh mobile phones in a day the highest phones sold in a day...

12 Oct 2018 12:31 AM IST

1,500 points swing was recorded in Sensex before it settled the day at 279.62 points, or 0.75 per cent lower at 36,841.60.

Sensex plunges 760 pts on heavy global sell-off

Nifty makes its decade-worst start to October quarter.

12 Oct 2018 12:25 AM IST

The recommendations of a high-powered committee on stranded power projects set up by the Gujarat government can bring a combined relief of Rs 1.29 lakh crore for Tata, Adani and Essars power plants in the state over the next 30 years, according to a source.

Gujarat: Panel may bring Rs 1.29 lakh cr relief to stranded power...

If the recommendations are implemented, the consumers will have to face the brunt of high power tariffs.

11 Oct 2018 7:52 PM IST

Ikea, famous for its self-assembly products, faces a tough challenge in India where people are not used to having to put together assemble furniture themselves, analysts say. (Photo: AFP)

Ikea to launch e-commerce operations in India by March 2019

Betzel said Ikea was looking at total integration of both platforms.

11 Oct 2018 7:20 PM IST

Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). (File Photo)

LIC's open offer for 26 pc stake in IDBI Bank to begin from December 3

The open offer, at Rs 61.73 per equity share, will close on December 14.

11 Oct 2018 7:15 PM IST

Mahindra India has finally revealed the launch date of its upcoming MPV, the Marazzo.

Mahindra inks pact with Castrol for supply of engine lubricants

Mahindra will endorse a range of Castrol products which include aftermarket engine oils and transmission fluids.

11 Oct 2018 7:07 PM IST

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.

Rupee recovers after slumping to record low, up 9 paise against US...

Softening crude oil prices and the greenback weakening against other currencies provided support to the home unit.

11 Oct 2018 7:02 PM IST

Prime Minister Narendra Modi on Thursday allayed fears of job loss due to technological development, saying the 4th Industrial Revolution will change the nature of jobs and provide more opportunities. (Photo: Youtube)

4th Industrial Revolution to change nature of jobs: PM Modi

Artificial intelligence, machine learning, Internet of Things, blockchain and big data hold potential to take India to...

11 Oct 2018 6:05 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

GST 'most complex', needs massive fixing: Punjab Finance Minister

The way India designed its GST, I would actually give it 2 out of 10, says Manpreet Singh Badal.

11 Oct 2018 5:42 PM IST