1. Business & Economy

Business & Economy

Business & Economy

Slowdown enters oil track: Oil consumption, imports decline

By Subhash Narayan New Delhi: 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…

Trade war, Kashmir issue dent rupee to biggest fall in 6-years

Aug 5, 2019 Mumbai: Impact of the US-China trade war along with domestic political factors led the Indian rupee to its biggest fall since September 2013 on Monday. Global cues, such as a rise in…

Business & Economy

RBI imposes monetary penalty on eleven banks

Aug 5, 2019 Mumbai: The Reserve Bank of India imposed monetary penalty on eleven banks for non-compliance with provisions of “Frauds classification and reporting by commercial banks and select FIs”. Individually, the penalty on 11…

Gold prices touch all-time high amid trade, J&K tensions

Aug 5, 2019 New Delhi: Gold saw a sharp surge in demand as a safe haven asset which pushed the precious metal to an all-time high of Rs 37,347 per 10 grams on Monday amid…

Business & Economy

Slowdown woes revealed in India Inc’s changing tone and tenor

Ravi Dutt Mishra Aug 4, 2019 Mumbai:  Indians are buying less of everything as the economy is losing steam, slowing down for the third consecutive quarter. One indication of this is the changing commentary of…

Business & Economy

Worry in India as cotton prices take a hit in US-China trade war

By P K Jha New Delhi:  In the ongoing trade war between China and the US, cotton prices have taken a hit of more than 32 per cent in the international market in the past…

Maruti Suzuki sheds 1,000 temp staff, may freeze hiring

Aug 3, 2019 New Delhi:  To keep up with the consumption-led slowdown, automobile major Maruti Suzuki India has shed over 1,000 temporary employees, is planning to freeze hiring and look at other cost cutting measures…

Business & Economy

FPIs pull-out over Rs 20,500 cr, even as govt adamant on super-rich surcharge

Aug 3, 2019 New Delhi:  Despite the flight of over Rs 20,500 crore worth of foreign funds from the country’s stock market, the government seems adamant to implement the taxation surcharge on the super-rich category…

Business & Economy

How DKS-VGS friendship cost Siddhartha his life

  Aug 2, 2019 Bangalore, Aug 1 (IANS) The V.G. Siddhartha (VGS) suicide has cast a pall of gloom over Indian business and in the main the breeding ground of entrepreneurship – Bangalore. More so…

Business & Economy

‘Tax terrorism’ severely hurting India’s economic growth

Aug 1, 2019 New Delhi:  The death of entrepreneur V.G. Siddhartha has brought to limelight the unwarranted and unending pressure being exerted by government authorities of late on corporates in the name of probing tax…

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