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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.

Crude oil output drops 5.4 per cent

Significantly, India's dependency on imported natural gas has increased indicated by stagnant domestic production and...

15 Oct 2019 1:26 AM IST

In 2018, the e-commerce sector had garnered a gross merchandise value of $24 billion. The January-May period accounted for 35 per cent of 2018 GMV.

E-commerce to touch $32 bn GMV this year

So far this year the growth of horizontals and verticals has been on par at 29 per cent.

15 Oct 2019 1:23 AM IST

Chairman and founder of Adani group Gautam Adani

Total to buy Adani Gas stake via open offer

As per the latest understanding, Total will first make an open offer to buy a 25.2 per cent stake in Adani Gas.

15 Oct 2019 1:15 AM IST

India Inc steps up spend on education, healthcare

Education and healthcare remained the most popular philanthropic cause among the top corporate Indian philanthropists.

15 Oct 2019 1:11 AM IST

Traders body CAIT demanded scrutiny of the proposed $12-billion Flipkart-Walmart deal.

CAIT seeks govt audit into business models of Amazon, Flipkart

...both Amazon and Flipkart in a clandestine manner refuted the issues raised by us even after showing relevant...

14 Oct 2019 8:06 PM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Over Rs 81,700 cr disbursed by banks during 9-day loan mela: FinMin

FM said that banks have been asked to provide bill discounting facility to the MSME sector against payments due from the...

14 Oct 2019 2:45 PM IST

Indias gems and jewellery exports were down 6.2 per cent in September at $3.3 billion as shipments of cut and polished diamonds slumped.

Diwali sales help Al Rosa

In September 2018, Al Rosa had sold rough diamond worth to $331.6 million and polished diamond valued $7.1 million.

12 Oct 2019 12:55 AM IST

According to a conservative estimate of Directorate of Revenue Intelligence (DRI), the total market of smuggled gold in India is nothing less than Rs 9,000 crore.

Gold shines amid global uncertainty; ETF inflows rise

Gold ETFs had witnessed a net inflow in August after a gap of nine months.

11 Oct 2019 11:43 PM IST

Domestic passenger vehicle sales were up 6.38 per cent at 3,00,722 units in March as against 2,82,698 units in the same month last year.

India's passenger vehicle plunge 24 per cent in September

Domestic car sales were down 33.4 per cent to 1,31,281 units last month as against 1,97,124 units.

11 Oct 2019 11:47 AM IST

E-Commerce platforms helping Indian sellers.

E-commerce giants spar over market leadership

Nielsen's report is based on data from 190,000 digital users across more than 50 cities.

10 Oct 2019 12:59 AM IST

A glut in December 2016 led to tomatoes being sold at Rs 1 per kg, with most farmers finding it easier to use the vegetables as manure.

Now, tomato price soar to Rs 80 per kg in Delhi

However, the price of onions has come down marginally and is now hovering around Rs 60 per kg in the national capital.

9 Oct 2019 3:43 PM IST

Today we received Certificate from Guinness World Records confirming of this unique achievement for organizing the longest Human Towel Chain. We are very happy to have set the record which will in addition to giving a boost to the industry for growth and unit, it also brings Solapur on the World Map, said Rajesh Goski, President, TDF.

Solapur enters Guinness records for longest terry towel human chain

The human chain of the Terry Towel organized by the Textile Development Foundation (TDF) on September 27.

9 Oct 2019 3:32 PM IST