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Crude prices edge down but these five factors will determine future course

Researchers say oil prices could average at $70-72 per barrel this year. However, they add that significant external factors can still add volatility to the oil market. They have put down the following oil market triggers that need to be watched.

May 29, 2018

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Mahindra & Mahindra fourth-quarter profit jumps 70 percent

Standalone profit after tax, which does not include share of profit from its unit Mahindra Vehicle Manufacturers Ltd, stood at 10.59 billion rupees ($155.90 million) for the quarter ended March 31, compared with 6.22 billion rupees a year earlier.

May 29, 2018

ED attaches Rotomac properties worth Rs 177 cr

The Enforcement Directorate and the CBI had filed a case in February after the Bank of Baroda filed a complaint against Kothari, his wife Sadhana, his son Rahul and some unidentified bank officials and private persons.

May 29, 2018

Deepening Italian crisis batters European markets

The euro dropped below the $1.16 line for the first time in 6-1/2 months, down 0.3 percent on the day. Against the Swiss franc, it fell by a similar margin at 1.1528 francs.

May 29, 2018

Turbulence hits Air India as staffer accuses senior management of sexual harassment

The employee of Air India, the national carrier, has accused its senior management of sexual harassment and also said its internal committee set up to look into such issues is a "farce." Civil aviation minister Suresh Prabhu has now asked the company to immediately address the issue.

May 29, 2018

Tamil Nadu closes Vedanta copper smelter permanently after bloody protest

Vedanta has called the closure an "unfortunate development". At least 13 people were killed and several injured during the anti-Sterlite protests on May 22.

May 29, 2018

Oil prices fall as Russia, US look to boost supplies

The Organization of the Petroleum Exporting Countries (OPEC), as well as other non- Opec countries started reducing supplies last year to boost oil prices, which in 2016 had fallen to under $30 per barrel.

May 28, 2018

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Macro-data, rupee to fuel equity market's trajectory

A reversal in the rupee's trajectory was seen late last week as it strengthened by 23 paise to close at 67.78 against the US dollar. Even domestic fuel prices are expected to fall after the Brent crude cost eased to around $76 from $78 per barrel last Friday.

May 27, 2018

Google, Facebook face over $9 bn in fines

Privacy-advocacy group Noyb.eu said that tech giants such as Facebook and Google are essentially forcing people to adopt a "take it or leave it" approach when it comes to privacy.

May 26, 2018

ICICI Bank, Chanda Kochhar receive notice from Sebi over Videocon loans

ICICI is India's third-biggest lender by assets. It is battling allegations that its chief executive, Chanda Kochhar allegedly favoured Videocon Group in its lending practices.

May 26, 2018

Vedanta sticks with plan to expand Tamil Nadu smelter despite deadly protests

Anti-Sterlite protests in the coastal city of Thoothukudi in Tamil Nadu saw as many as 13 people killed and dozens injured this week.

May 26, 2018

Madras High Court halts expansion of Vedanta's copper smelter after protest killings

Authorities have restricted internet services in at least three districts as protests engulf Tamil Nadu. About ten people have died in the ongoing protests.

May 24, 2018

Vedanta hits over 10-month low as protests against copper plant in Tamil Nadu turn violent

Environmental activists and some local politicians want the government to shut the plant permanently.

May 23, 2018

SoftBank says selling its entire Flipkart stake to Walmart

SoftBank Group Corp has said that it is selling about 20 percent stake in Indian e-commerce firm Flipkart to Walmart Inc.

May 23, 2018

Government not to sell Air India, if bids are below minimum floor price: Official

Civil Aviation Secretary Rajiv Nayan Choubey said that the government had hired asset and enterprise valuers, who have estimated a minimum floor price or net worth of Air India under the current divestment norms.

May 22, 2018

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