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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.Business
US could offer oil at discount to compensate for Iran curbs

Crude imports from US may more than double to USD 8 billion this year.

21 Jan 2019 9:59 AM IST

IOCs current capacity stands at about 1.62 million bpd including 230,00 bpd controlled by its subsidiary Chennai Petroleum Corp.Business
IOC signs USD 1.5 billion deal to buy US crude oil

This is the first term contract finalised by any Indian PSU oil company for import of US origin crude oil grades.

18 Feb 2019 5:12 PM IST

The India mission and consulates have visited several detention centres throughout the US to extend consular assistance to the detained students, the MEA said.Business
US, India hold talks to calm trade tensions, Ross joins by video

Washington has also had a longstanding grievance with India over its large trade deficit with the United States.

14 Feb 2019 5:28 PM IST

Narendra Modi told Trump in an Oval Office meeting in June, 2017, Never has a country given so much away for so little in return as the United States in Afghanistan, The Washington Post quoted sources as saying. (Photo: File | PTI)Business
US considers withdrawal of zero tariffs for India: sources

Bilateral trade stood at USD 126 billion in 2017, is widely seen to be performing at nearly a quarter of its potential.

8 Feb 2019 4:43 PM IST

In his second annual State of the Union address, Trump said he has accelerated Americas negotiations to reach a political settlement in Afghanistan (Photo:Twitter)World
Trump says talks with Taliban 'constructive', hopes to reach...

Informing Congress that his administration is holding 'constructive talks' with the Taliban.

6 Feb 2019 11:19 AM IST

In April 2018, US Citizenship and Immigration Services announced it had received 1,90,000 H-1B visa petitions.Business
H-1B rule change keeps qualification in, talent out

The change in rule will lead to an estimated increase of up to 16 pc in the number of selected petitions for H-1B...

1 Feb 2019 11:01 AM IST

Gaya MP Hari Manjhis son Rahul Manjhi, along with his friend, was arrested by the police in a drunken state on Sunday and was sent to Gaya central jail for violating prohibition law. (Representational image)World
Indian man gets 10 years in jail for smuggling foreign nationals into...

An Indian national has pleaded guilty to the charges of smuggling Indians as illegal immigrants into the United States.

15 March 2019 10:29 AM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.Business
US aims to cut Iran oil exports to under 1 mn bpd from May: sources

US officials were constantly assessing global oil markets to determine the way forward with Iran sanctions waivers.

14 March 2019 10:16 AM IST

The government has denied the Congress charge that there is a huge scam in the procurement of 36 Rafale fighter jets from France. (Photo: Representational | AP)Business
India's arms imports from Russia in 2014-18 down 42 pc from 2009-13:...

In line with PM Narendra Modi's effort to reduce country's dependence on foreign arms, India's overall arms import...

11 March 2019 1:11 PM IST

Trump a week ago delayed a tariff increase on USD 200 billion in Chinese goods that was previously scheduled to take place on Saturday, citing progress in the talks. (Representational image)Business
US and China said to appear close to deal to roll back tariffs

Trump administration officials have said they expect the two presidents to close' a deal at a summit in coming weeks.

4 March 2019 2:24 PM IST

Averting a trade war, China and the US on Sunday struck a deal under which Beijing will \significantly increase\ its purchases of American goods and services.Business
To survive trade battles, China manufacturers deploy every weapon they...

Industrial output rose at its fastest rate since mid-2014 and exports rebounded more than expected.

22 April 2019 1:16 PM IST

China has offered to extend its ambitious CPEC project to Afghanistan. (Photo: File)World
China hails Pakistan's action plan to implement UN resolutions to...

China on Monday hailed its all-weather ally Pakistan for announcing new guidelines for implementing the UNSC sanctions.

15 April 2019 5:59 PM IST

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