Economy News

OPEC crude output to average 29.6m barrels a day: EIA

In its October Short-Term Energy Outlook, EIA also forecast that annual average OPEC crude oil production will average 29.8 million b/d in 2019, down by 2.1 million b/d from 2018.

Oct 9, 2019

Gold sales likely to decline 50% on Dhanteras due to weakening demand

Gold imports have nosedived due to higher prices and an increase in import duty.

Oct 9, 2019

US blacklists 28 Chinese entities amid tense atmosphere; quick trade deal unlikely

The move by the US Commerce Department could deepen divisions between Washington and Beijing at a critical juncture in their 15-month trade war.

Oct 8, 2019

HSBC to cut up to 10,000 jobs in drive to reduce costs: Report

HSBC could announce the beginning of the latest cost-cutting drive and job cuts when it reports third-quarter results later this month.

Oct 7, 2019

PSU stake sales may be placed for Cabinet nod in Nov-end

BPCL holds the key as the government, with just Rs 12,357 crore sell-off proceeds so far, is far away from the ambitious target of Rs 1.05 lakh crore.

Oct 6, 2019

Will RBI cut rates further as market takes hit from fifth successive reduction?

Markets slumped on weak sentiment after RBI cut the repo rate by an expected 25 basis points to 5.15%; the central bank maintains accommodative guidance as it adjusts economic growth estimates for the full year to 6.1% from 6.9%.

Oct 5, 2019

Sensex sheds 434 points after RBI policy meeting; rate-sensitive stocks tank

The RBI cut the repo rate by 25 basis points (one basis point is one-hundredth of a per cent) to 5.15% from 5.40% but Sensex and Nifty declined over 1% as growth worries took the centre stage.

Oct 4, 2019

RBI cuts repo rate by 25 bps to 5.15%; GDP growth for FY20 adjusted to 6.1%

The lending rates were reduced in a bid to reverse the consumption slowdown and shore-up growth.

Oct 4, 2019

Ministry of Finance building in New Delhi

GST collection tanks to 19-month low as economy shows no signs of revival

The fall in GST collections in September has been coupled with a significant slowdown in various high-frequency economic indicators.

Oct 2, 2019

Mukesh Ambani helped his younger brother Anil Ambani to pay off debt owed to Sweden's Ericsson

Anil Ambani takes a leaf from Mukesh Ambani's playbook of leaner businesses

Reliance Infrastructure focuses on reducing its Rs 6,000-crore debt even as group firms' order books swell on government contracts.

Oct 1, 2019

oil prices, rigging equipment, oil, crude oil

Saudi Aramco resumes full oil production at attack-hit facilities

Now the state-owned oil giant is producing more than 9.9 million barrels a day of crude as it fully recovers from the worst-ever attack on its energy infrastructure.

Oct 1, 2019

nse at alltime high, nse at historic high, nse at lifetime high, nse crosses 9400, sensex at lifetime high, sensex at new high, imd predicts normal rainfall

Markets today: Sensex jumps 250 points, Nifty above 11,000-mark in opening trade

The 30-share Sensex recovered by 0.65 percent at 38,917.39, and the Nifty by 0.60 percent at 11,543.75.

Oct 1, 2019

Saudi plans major investment in India's refining, petrochemical sector

The Kingdom's state-owned Saudi Aramco is a joint venture partner of the $44 billion-Ratnagiri Refinery and Petrochemicals Ltd, which is reportedly decided to establish its refining and petrochemical facilities in Raigad district of Maharashtra.

Sep 30, 2019

Amazon, Flipkart festive sale: E-tailers offer big discounts despite economic slowdown

Booming sales in tier-two and lower cities helped e-tailers such as Amazon and Flipkart achieve their biggest ever opening.

Sep 30, 2019

Will RBI cut interest rate by 40 bps for 5th successive time this year?

Most experts expect a rate cut though they differ on the quantum ranging between 15 and 40 basis points; Finance Minister Nirmala Sitharaman's growth push is likely to guide RBI's monetary policy

Sep 29, 2019

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Economy News

OPEC crude output to average 29.6m barrels a day: EIA

Gold sales likely to decline 50% on Dhanteras due to weakening demand

US blacklists 28 Chinese entities amid tense atmosphere; quick trade deal unlikely

HSBC to cut up to 10,000 jobs in drive to reduce costs: Report

PSU stake sales may be placed for Cabinet nod in Nov-end

Will RBI cut rates further as market takes hit from fifth successive reduction?

Sensex sheds 434 points after RBI policy meeting; rate-sensitive stocks tank

RBI cuts repo rate by 25 bps to 5.15%; GDP growth for FY20 adjusted to 6.1%

GST collection tanks to 19-month low as economy shows no signs of revival

Anil Ambani takes a leaf from Mukesh Ambani's playbook of leaner businesses

Saudi Aramco resumes full oil production at attack-hit facilities

Markets today: Sensex jumps 250 points, Nifty above 11,000-mark in opening trade

Saudi plans major investment in India's refining, petrochemical sector

Amazon, Flipkart festive sale: E-tailers offer big discounts despite economic slowdown

Will RBI cut interest rate by 40 bps for 5th successive time this year?

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 Arora 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