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OPEC daily basket price closes lower
Vienna, Feb 12: The price of OPEC's basket of thirteen crudes stood at $25.21 a barrel on Thursday, compared with $25.93 on Wednesday, the organisation's secretariat said.
The OPEC Reference Basket of Crudes is made up of the following:…
Caution over macro-data flares volatility, markets end flat
Mumbai, Feb 12: Caution over the upcoming macro-data, coupled with unwinding of long-positions and negative global cues flared extreme volatility in the Indian equity markets on Friday.
In the process, a barometer index of the Indian…
January domestic passenger car sales slide
New Delhi, Feb 12: Despite low interest and fuel costs, domestic passenger car sales stood flat in January, industry data showed on Friday.
According to the Society of Indian Automobile Manufacturers (SIAM), passenger car sales last…
Markets need not panic, bad loans being tackled: Jaitley
New Delhi, Feb 12: Finance Minister Arun Jaitley on Friday said Indian banks were equipped well to deal with bad loans, and that markets need not panic since the current turmoil that has pulled down key stock indices in the country is…
NTPC CMD’s appointment challenged in Delhi High Court
Gurdeep Singh, the Chairman-cum-Managing Director (CMD) of National Thermal Power Corporation (NTPC) finds himself in the dock, as a PIL filed by an NGO, Centre for Law and Good Governance, seeks to put a stay on his appointment. Gurdeep…
Wipro buys US healthcare services arm for $460 million
Bengaluru, Feb 12: Global software major Wipro on Thursday announced buying a healthcare services business in the US for $460 million (Rs.3,150 crore).
"We have signed an agreement to acquire HealthPlan Services from Water Street…
India, UAE sign nine agreements, to boost ties further
New Delhi, Feb 12: Nine agreements were exchanged between India and the UAE, including on cyber security and infrastructure investment, as the two sides agreed to further boost bilateral ties on Thursday, the second day of the three-day…
Honda awards 14 IIT students
New Delhi, Feb 11: Leading automobile major Honda Motor India Pvt (HMI) on Thursday conferred the ninth Young Engineers and Scientists (Y-E-S) award on 14 Indian students from the premier IITs.
"It has been our endeavour to promote and…
BSE Sensex sheds 14 points in early trade
Mumbai, Feb 12: A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Friday was trading 13.82 points or 0.06 percent down during the morning session.
The wider 50-scrip Nifty of the National Stock…
Gold rises to highest level in year as US equities fall sharply
Chicago, Feb 12: Gold futures on the COMEX division of the New York Mercantile Exchange rose sharply on Thursday as US equities took a sharp downturn in reaction to a decreasing cost of oil.
The most active gold contract for April…