Business
Gold Never Old: RBI to augment reserves as global uncertainties loom

Gold Never Old: RBI to augment reserves as global uncertainties loom

10-05-2019  comments

Mumbai (IANS) Rising trade protectionist measures along with the threat of a currency shock and dovish global monetary policy might compel India's central bank to augment its gold reserves.

Additionally, the need to have…

Sensex, Nifty trades marginally lower

Sensex, Nifty trades marginally lower

10-05-2019  comments

Mumbai (IANS) Sensex and Nifty traded in the red during the morning trade session after they opened slightly higher on Friday.

Investor sentiments have taken a beating following the surprise escalation of trade tension between US and China.

Allahabad Bank's net loss widens to Rs 3,834.07 cr in Q4

Allahabad Bank's net loss widens to Rs 3,834.07 cr in Q4

10-05-2019  comments

Kolkata (IANS) State-run Allahabad Bank on Friday said it has posted a net loss of Rs 3,834.07 crore in the fourth quarter of the financial year 2018-19 (FY 19), widening from a net loss of Rs 3,509.63 crore in the year-ago period.

The lender's…

India monitoring costs of importing non-Iranian oil

India monitoring costs of importing non-Iranian oil

08-05-2019  comments

New Delhi, May 8 (IANS) The Finance Ministry is closely watching the economic costs of oil imports from other alternative markets like Iraq and Saudi Arabia, following the United States' withdrawal earlier this month of the…

Dollar edges down amid rising Yen

Dollar edges down amid rising Yen

07-05-2019  comments

New York (IANS) The US dollar dipped slightly against its major rivals in late trading on Monday amid traders' growing appetite for the Japanese Yen.

The dollar index, which measures the greenback against six major peers, was…

Post-poll: Brace for up to Rs 5 and Rs 3 per litre raise in petrol, diesel prices

Post-poll: Brace for up to Rs 5 and Rs 3 per litre raise in petrol, diesel prices

07-05-2019  comments

New Delhi (IANS) Petrol and diesel prices may increase sharply soon after new government comes to power at the Centre with oil companies looking to raise the retail price of the two transport fuels between Rs 3-5 per litre in phases and make…

Ratan Tata invests in ride-sharing major Ola

Ratan Tata invests in ride-sharing major Ola

06-05-2019  comments

New Delhi (IANS) Ratan Tata, the Chairman Emeritus of Tata Sons, has invested in Ola as part of its Series A round of funding, the domestic ride-sharing company announced on Monday.

Tata is also an early investor in ANI Technologies…

Markets crash as US-China trade tension escalates

Markets crash as US-China trade tension escalates

06-05-2019  comments

Mumbai (IANS) Indian markets in line with the Asian markets fell steeply over signs of escalating US-China trade tension on Monday.

On Sunday night, US President Donald Trump threatened to impose fresh trade tariffs worth $200 billion…

Now, PSUs to rescue government's failing strategic sale plan

Now, PSUs to rescue government's failing strategic sale plan

05-05-2019  comments

New Delhi (IANS) Cash-rich central public sector enterprises (CPSEs) will come to the rescue of government strategic sale programme with tepid interest coming from the private sector to take over controlling interest in some of these sick…

Facebook hiring fast to launch its own bitcoin

Facebook hiring fast to launch its own bitcoin

04-05-2019  comments

San Francisco (IANS) Facebook is working hard to launch its own bitcoin for cryptocurrency-based payments on its platform that has 2.38 billion users.

According to a report in The Wall Street Journal on Friday, the social media giant…

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