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Business
Petrobras brings Brazil’s largest undersea gas pipeline online
Rio de Janeiro, Feb 17: State-controlled oil giant Petrobras said on Tuesday it brought a new offshore platform with the capacity to produce 150,000 barrels per day (bpd) of oil and 6 million cubic meters per day of natural gas, as well as…
Australian dollar weighed by falling oil, greenback strength
Sydney, Feb 17: A rally in offshore equities and oil price falls after key OPEC oil producers made inroads a freeze in oil production at the record January high weighed on the Australian dollar overnight.
At the Asian open on Wednesday,…
Chinese yuan weakens
Beijing, Feb 17: The central parity rate of the Chinese currency renminbi (yuan) weakened by 107 basis points to 6.5237 against the US dollar on Wednesday, according to the China Foreign Exchange Trading System.
In China's spot foreign…
Himachal Pradesh makes licence must for tobacco shops
Shimla, Feb 17: Himachal Pradesh has decided to make it mandatory for all shops to have a licence for sale of tobacco products, including cigarettes, an official said on Wednesday.
"The cabinet at its meeting on Tuesday decided to make…
US Dollar soars after holiday weekend
New York, Feb 17: The US dollar rose against other major peers on Tuesday after an extended holiday weekend.
The greenback increased nearly 0.7 percent against the Japanese yen as a rebound across the global equity market dented…
Kerala IT firm to modernise retail tech in Australia
Thiruvananthapuram, Feb 17: Experion Technologies, a leading technology solutions and services company based in Kerala, will re-engineer Worldsmart's retail technology system that supports outlets across Australia.
Worldsmart, part of…
Gold falls as US equities rebound
Chicago, Feb 17: Gold futures on the COMEX division of the New York Mercantile Exchange fell on Tuesday as the US equities rose.
The most active gold contract for April delivery fell $31.2, or 2.52 percent, to settle at $1,208.20 per…
BSE Sensex opens on negative note
Mumbai, Feb 17: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.
The Sensex of the S&P Bombay Stock Exchange (BSE) after opening at 23,237.23 points touched a high…
HCL Tech acquires Volvo Group’s external IT business
New Delhi, Feb 16: Software services provider HCL Technologies (HCL) said on Tuesday that it has acquired the external IT business of commercial vehicles manufacturers, Volvo Group.
"HCL has also acquired Volvo's external IT business,…
Profit-booking subdues equity markets, BSE Sensex tanks 362 Points
Mumbai, Feb 16: Profit-booking, coupled with doubts over the central government's ability to push through key economic legislations during parliament's upcoming budget session, dragged the Indian equity markets lower on Tuesday.
The weak…