Economy News

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Oil hits November 2018 highs amid OPEC supply cuts, US sanctions

Brent and WTI both hit their highest levels since November last year at $70.76 and $63.48 per barrel, respectively, early on Monday.

Apr 8, 2019

Will banks reduce housing, car loan interest after RBI's rate cut?

RBI expects banks to bring down interest rates on housing and car loans unlike in February when the lenders resisted advise to transfer the rate cut benefit to customers.

Apr 5, 2019

Saudi Arabia threatens to ditch dollar oil trades to stop 'NOPEC'

In the unlikely event, Riyadh was to ditch dollar, it would undermine its status as the world's main reserve currency, reduce Washington's clout in global trade and weaken its ability to enforce sanctions on nation states.

Apr 5, 2019

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Oil prices fall, Brent drops away from $70

International benchmark Brent futures dropped 23 cents, or 0.3 per cent, to $69.17 a barrel by 0040. On Thursday, they closed 9 cents higher after touching a session high of $70.03, the highest since Nov. 12.

Apr 5, 2019

RBI cuts repo rates by 25 basis points to 6 percent, EMIs set to be cheaper

RBI decided to cut repo rates by 25 basis points or 0.25 per cent to 6 per cent, meeting a majority of economists' expectations.

Apr 4, 2019

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Sluggish beginning for startups in 2019, funding down by 25 percent

As per startup data platform, Tracxn, Jan-Mar quarter of the calendar year (CY) 2019 has witnessed a drop in total deal value from $3.2 billion to $2.4 billion, which is 25% less than the preceding quarter (Oct-Dec 2018).

Apr 3, 2019

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US dollar rises amid declining euro

In late New York trading on Tuesday, the euro decreased to $1.1198 from $1.1211 in the previous session, and the British pound was down to $1.3114 from $1.3125 in the previous session, dollar increased amid a weaker euro

Apr 3, 2019

RBI plans series of steps to boost economy's liquidity ahead of Lok Sabha elections

Another round of rate cut, the second tranche of dividend payment to government and a rupee-dollar swap auction are on the cards.

Apr 2, 2019

Elon Musk remembers Harambe with this out-of-the-blue artistic gesture

Elon Musk decided to surprise his fans by reminding them that he has 'failed record company' and he has done only one work in that company.

Apr 1, 2019

With 9,500 branches and 13,400 ATMs, Bank of Baroda now 2nd largest PSU bank after SBI

The RBI had said on Saturday that all outlets of Bengaluru-based Vijaya Bank and Mumbai-based Dena Bank will begin functioning as outlets of Vadodara-headquartered BoB from Monday.

Apr 1, 2019

Oil prices rise, adding to biggest quarterly gain in 10 years

Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as concerns about supplies outweigh fears of a slowing global economy.

Apr 1, 2019

a worker filling containers with crude oil at an informal oil field in Minhla township, central Myanmar

Oil prices rise amid OPEC's ongoing supply cuts, US sanctions

US West Texas Intermediate (WTI) futures were at $59.54 per barrel at 0100 GMT, up 24 cents, or 0.4 per cent, from their last settlement. Brent crude oil futures had yet to trade.

Mar 29, 2019

Can Mukesh Ambani's Reliance use Chinese example for Venezuela oil trade?

World's largest refiner Reliance could beat US sanctions and benefit from 15-year trade contract by the use of corporate entities without exposure to the US financial system

Mar 23, 2019

Delhi's IGI airport grows fastest in World's top 20 hubs, surpasses Frankfurt to become 12th busiest

Operated by Delhi International Airport Limited ( DIAL), formed as a consortium between GMR Group (54%), Airports Authority of India (26%), and Fraport AG & Eraman Malaysia (10% each), IGIA witnessed 6.9 crore domestic and international flyers in 2018.

Mar 23, 2019

Meghan Markle is harming the British economy amid Brexit

Apparently, Meghan Markle's choice for overseas attires has been causing a lot of trouble to the British economy.

Mar 23, 2019

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Economy News

Oil hits November 2018 highs amid OPEC supply cuts, US sanctions

Will banks reduce housing, car loan interest after RBI's rate cut?

Saudi Arabia threatens to ditch dollar oil trades to stop 'NOPEC'

Oil prices fall, Brent drops away from $70

RBI cuts repo rates by 25 basis points to 6 percent, EMIs set to be cheaper

Sluggish beginning for startups in 2019, funding down by 25 percent

US dollar rises amid declining euro

RBI plans series of steps to boost economy's liquidity ahead of Lok Sabha elections

Elon Musk remembers Harambe with this out-of-the-blue artistic gesture

With 9,500 branches and 13,400 ATMs, Bank of Baroda now 2nd largest PSU bank after SBI

Oil prices rise, adding to biggest quarterly gain in 10 years

Oil prices rise amid OPEC's ongoing supply cuts, US sanctions

Can Mukesh Ambani's Reliance use Chinese example for Venezuela oil trade?

Delhi's IGI airport grows fastest in World's top 20 hubs, surpasses Frankfurt to become 12th busiest

Meghan Markle is harming the British economy amid Brexit

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Aroa opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react