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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.

Saudi Arabia may cut crude oil prices to Asia in September

The cuts would track a backwardation between prompt and third month Dubai prices that narrowed by 70 cents a barrel in...

2 Aug 2019 12:30 PM IST

The Sensex crashed over 505 points to slip below the 38,000-level as rupee woes and global trade war worries spooked investors despite the government announcing a slew of measures to stem a steep fall in the domestic currency.

Sensex crashes over 300 points on US-China trade tensions

However, Bharti Airtel, Asian Paint, Tata Motors and Infosys gained in the morning trade.

2 Aug 2019 10:09 AM IST

The Sensex crashed over 505 points to slip below the 38,000-level as rupee woes and global trade war worries spooked investors despite the government announcing a slew of measures to stem a steep fall in the domestic currency.

Bearish momentum likely to continue

The Sensex plunged 786.94 points intra-day to day's low of 36,694.18 after a weak start.

2 Aug 2019 2:19 AM IST

Anecdotal evidence also showed that some gold entered from Singapore, where gold having purity of 24-carat gets melted into rough chains weighing up to 200 grams.

Gold prices up marginally; silver tumbles by Rs 590 per kg

Gold is trading at Rs 41,530 per kg in the national capital as caution prevailed in view of weak global cues.

1 Aug 2019 4:07 PM IST

Market indices opened sharply higher on Thursday, with the Sensex rising 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.

Sensex crashes 700 points in late-afternoon trade; Nifty below 11,000

The NSE Nifty dived 222.80 points to 10,889.55, led by a sharp sell-off in auto, banks, and metal stocks.

1 Aug 2019 3:14 PM IST

The rupee fell against the dollar as the greenback strengthened post Fridays upbeat US non-farm payroll data.

Rupee falls 41 paise against dollar in early trade

Rupee is trading at 69.20 against US dollar amid unabated foreign fund outflows and rising crude oil prices.

1 Aug 2019 10:30 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.

Sensex tanks over 200 points in early trade

The 30-share index was trading 205.69 points or 0.55 per cent lower at 37,275.43.

1 Aug 2019 10:00 AM IST

The Sensex closed at 39,784 with a gain of 168.62 points or 0.43 per cent while the Nifty-50 closed at 11,922.70 up 52.05 points or 0.44 per cent.

Market set to see pullback move

The border market saw some recovery too with BSE Mid-Cap Index up 0.72 per cent and BSE Small-Cap Index up 0.34 per...

1 Aug 2019 1:14 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.

Rupee settles 6 paise higher against dollar ahead of Fed meet outcome

Rupee is trading at 68.79 against dollar amid uncertainty ahead of the outocme of US Federal Reserve meeting.

31 July 2019 6:59 PM IST

The Sensex closed at 39,784 with a gain of 168.62 points or 0.43 per cent while the Nifty-50 closed at 11,922.70 up 52.05 points or 0.44 per cent.

Sensex gains 84 points ahead of US Fed's rate decision

After a choppy session, the 30-share index settled 83.88 points or 0.22 per cent higher at 37,481.12.

31 July 2019 4:13 PM IST

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce, said Suresh Hundia, former President of the Bombay Bullion Association.

Gold falls Rs 100 on muted demand; silver firms up

Gold is trading at Rs 35,780 per 10 gram in the bullion market here Wednesday due to lacklustre demand from jewellers.

31 July 2019 3:49 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee falls 9 paise to 68.94 vs USD in early trade

The rupee opened weak at 68.89 at the interbank forex market and slipped further to 68.94, showing a decline of 9 paise.

31 July 2019 10:48 AM IST