Browsing Category
Business
Oil prices plunge amid ample supplies
New York, Dec 12: Oil prices dived on Friday as market expected the global supplies to exceed the demand.
Last Friday, the Organisation of the Petroleum Exporting Countries (OPEC) kept crude production pumping at current level in an…
US dollar falls despite strong economic data
New York, Dec 12: The US dollar declined against most major currencies on Friday despite the solid economic data from the country.
The US Producer Price Index (PPI) for final demand increased 0.3 percent in November, beating market…
German benchmark DAX index closes down
Frankfurt, Dec 12: The German benchmark DAX index on Friday closed down by more than 250 points.
Two main messages were behind the slump of the index. The first one, delivered by an official at the European Central Bank (ECB), said the…
Trial run of Kochi Metro in February
Kochi, Dec 12: The trial run of the Rs.5,180 crore Kochi Metro project, expected to resolve the travel woes in Kerala's commercial capital, is likely in February 2016, an official said on Saturday.
Kochi Metro MD Elias George told…
US stocks slump ahead of Fed meeting
New York, Dec 12: The US stocks plummeted on Friday as investors were cautious ahead of a US Federal Reserve policy meeting, which is expected to raise interest rate for the first time in nearly a decade.
The Dow Jones Industrial Average…
Japanese PM Shinzo Abe arrives in Delhi
New Delhi, Dec 11: Japanese Prime Minister Shinzo Abe arrived here on Friday on a three-day official visit amid expectations that a pact will be firmed up on India's first bullet train and over progress in the talks on a civil nuclear deal.…
Twitter to tap people without Twitter accounts for money
New York, Dec 11: Twitter will start showing ads to its people who visit Twitter every month but who don't have active user accounts, the company has announced.
The number of such "logged out" users is somewhere around 500 million.…
Upcoming macro data dents markets; BSE Sensex down 286 Points
Mumbai, Dec 11: Upcoming macro-economic data coupled with the logjam in parliament affecting passage of key economic bills and a likely US rate hike spooked investors on Friday resulting in a barometer index of the Indian equities markets…
Banks given new powers to deal with bad loans: Raghuram Rajan
Kolkata, Dec 11: The Reserve Bank of India has passed on powers to state-run banks to deal with the major issue of their non-performing assets (NPAs), or bad loans, and is now in the process of monitoring their implementation, RBI Governor…
Tata Communications submits documents for Neotel stake sale
Mumbai, Dec 11: Tata Communications has submitted the transaction documents for selling majority stake in its subsidiary Neotel's fixed line assets to Vodafone's South African subsidiary Vodacom, a filing in the Bombay Stock Exchange (BSE)…