US dollar drops amid growing trade worries

New York (IANS) The US dollar declined as trade concerns persisted around global foreign exchange market, driving up safe-haven currencies including the Japanese yen and the Swiss franc.

The dollar index, which measures the greenback against…

Slowdown enters oil track: Oil consumption, imports decline

New Delhi (IANS) The oil sector seems to be latest addition to the list of sectors facing stress due to the ongoing economic slowdown. For the first time in many months, both oil demand and imports have witnessed a sharp fall indicating…

Urban Indians to contribute 75% of GDP by 2030: Report

New Delhi (IANS) Contribution of the urban population towards India's gross domestic product (GDP) is likely to reach 75 per cent by 2030, according to a joint report by CBRE and CREDAI here on Tuesday.

"By 2030, India's urban…

Sensex loses 580 points in early trade

Mumbai (IANS) The benchmark Sensex fell over 580 points on Monday over sustained outflow of foreign funds and poor global investor sentiments.

Global markets came under further stress after China vowed to respond to the US tariffs it announced…

Equities, currency tumble over weak global cues, J&K decision

Mumbai (IANS) The equity and currency markets declined on Monday over heightened trade tension between the US and China, and the political developments in Jammu and Kashmir (J&K).

Union Home Minister Amit Shah earlier in the day proposed…

Taxation amid slowing economy killing market's 'animal spirit'

New Delhi (IANS) Recently, the former Reserve Bank of India Governor D. Subbarao said the government's attempt to squeeze out RBI reserves is a sign that it is desperate. This "desperation" could well be killing the animal spirit…

MG's e-vehicle strategy to cause disruption

New Delhi/Mumbai (IANS) One of the world's largest automobile manufacturers SAIC's India subsidiary MG Motor plans to replicate the sales dream run of its SUV Hector with its first electric offering -- ZS EV -- slated to be launched in December.

Financial surplus of Indian households falling since 2017-18

Mumbai (IANS) Indians, traditionally known to save money, have of late shown a behavioural change in terms of managing their money as their financial surpluses have shrunk in the last couple of years.

A recent Reserve Bank of India (RBI) report…

J&K alert sets air fares soaring on Srinagar route

New Delhi/Srinagar (IANS) Average air fares to and from Srinagar have increased by 20-25 per cent after the Jammu and Kashmir administration on Friday curtailed the Amarnath Yatra and issued an advisory asking pilgrims and tourists leave the valley…

Dollar weakens against major rivals amid downbeat data

New York (IANS) The US dollar weakened against its major rivals in late trading on Thursday as market participants sifted through a slew of downbeat economic data.

US manufacturing sector lost further momentum in July, the Institute for Supply…