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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.

Fiscal incentives for projects to improve oil recovery

Conventional oil and gas fields see output decline and recovery rate drop as they age.

13 Sept 2018 10:04 AM IST

How Kochhar got clean chit in 15 minutes, asks shareholder

The bank's shareholders also sought stern action from the bank on any misdoings on the part of Kochhar.

13 Sept 2018 9:52 AM IST

Prime Minister Narendra Modi on Sunday said the challenge now before the government is to take the economic growth rate to double digits, for which many important steps would have to be taken. (Photo: ANI/Twitter)

PM Modi calls high-level emergency meet on Saturday to review economy

Free-fall of rupee and relentless hike in oil prices top agenda of Saturday meeting with Finance Minister and RBI...

13 Sept 2018 9:39 AM IST

Pilot of Air India Jaipur-Delhi flight refused to fly due to duty limitations prescribed by the DGCA. (Photo: File)

Air India to sell land, flats worth Rs 300 crore

The revival plan for Air India has been discussed at various levels of the government.

13 Sept 2018 9:27 AM IST

Ruia family-owned Essar Oil and Gas will invest Rs 900 crore in drilling 150 more wells on its Raniganj CBM block in West Bengal.

ArcelorMittal assails NCLAT order in SC, reluctant to pay Rs 7,000 cr

NCLAT had asked ArcelorMittal to clear the stigma of defaulter by clearing the dues of its then subsidiaries.

13 Sept 2018 9:23 AM IST

Subhash Chandra Garg

No rationale for such dip in rupee, says Subhash Chandra Garg

The rupee on Wednesday rebounded from the historic low of 72.92 to end higher by 51 paise at 72.19 against the dollar.

13 Sept 2018 2:38 AM IST

Rupee is currently trading at 63.63 against 66.93 to a dollar in August, 2016.

RBI looking at all options to stop rupee fall, say analysts

According to Singapore-based DBS Bank, tapping foreign exchange reserves will be the first line of defence, which is...

13 Sept 2018 2:21 AM IST

Industrial production grew at 6.6 per cent in July on the back of good performance by the manufacturing sector and higher offtake of capital goods and consumer durables.

Inflation cools to 10-month low in August; IIP at 6.6 per cent

The Consumer Price Index (CPI) based inflation was at 4.17 per cent in July 2018 and 3.28 per cent in August 2017.

13 Sept 2018 2:14 AM IST

Industrial production grew at 3.2 per cent in May compared to 2.9 per cent in the same month last year even as the performance of manufacturing and power sectors remained sluggish.

IIP grows at 6.6 pc in July as manufacturing, capital goods shine

The IIP growth for June was also revised downwards to 6.8 per cent from the provisional estimate of 7 per cent.

12 Sept 2018 7:56 PM IST

The rupee pared initial gains to fall 7 paise to 71.82 against the US currency in late morning deals on Thursday on bouts of dollar demand from banks and importers. (Photo: DC)

US dollar ends sharply lower at 72.19 against Rupee

The US dollar ended sharply lower against the rupee at 72.18/19 per dollar.

12 Sept 2018 7:28 PM IST

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Govt should have set up fuel price stabilisation fund: WB Finance...

There is deep concern in many quarters on what the Indian economy is doing at "certain dangerous levels".

12 Sept 2018 6:18 PM IST

Indias retail inflation cooled to a two-year low in November after demonetisation. (Photo: AP/File)

Retail inflation cools to 11-month low of 3.69 per cent in August

The inflation based on Consumer Price Index (CPI) stood at 4.17 per cent in July and 3.28 per cent in August 2017.

12 Sept 2018 6:02 PM IST