• Mon, Sep 16, 2019
  • Rupee tumbles 68 paise to 71.60 per USD in early trade on sharp rise in crude prices

    Published On: Sep, 16, 201910:18 AM

    Forex traders said, market participants were concerned as the drone attack on Saudi Arabia's oil facilities has stroked fiscal slippage concerns.
    Rupee tumbles 68 paise to 71.60 per USD in early trade on sharp rise in crude prices
    The rupee tumbled by 68 paise to 71.60 against the US currency in early trade on Monday, as a sharp jump in global crude oil prices dampened investor sentiments.Forex traders said, market participants were concerned as the drone attack on Saudi Arabia's oil facilities has stroked fiscal slippage concerns.Crude oil prices witnessed a sharp spike after a weekend drone attack on Saudi Arabia cut into global energy supplies and halved the kingdom's oil production.Saturday's explosions set off fires that engulfed the Abqaiq plant, the world's largest oil processing facility, and nearby Khurais, which hosts a massive oil field.Brent crude futures, the global oil benchmark, jumped 9.86 per cent to USD 66.16 per barrel on Monday.At the interbank foreign exchange, the rupee opened at 71.54 then fell to 71.60 against the US dollar, showing a...
  • Nissan CEO resigns over pay issue Nissan CEO resigns over pay issue
    Published On: Sep, 16, 201910:12 AM

    Saikawa, 65, was appointed CEO after the arrest of Carlos Ghosn, who is facing allegations of financial misconduct during his tenure as former chairman of the Japanese automobile group.

  • Brent Crude prices jump 12 per cent post attack on Aramco Brent Crude prices jump 12 per cent post attack on Aramco
    Published On: Sep, 16, 201908:04 AM

    This was one the biggest-single day leap in recent times, which came after drone attacks at the world's largest oil processing facility at Aramco in Saudi Arabia.

  • Nearly 50,000 General Motors workers slated to go on strike Nearly 50,000 General Motors workers slated to go on strike
    Published On: Sep, 16, 201908:00 AM

    One among the issues was that the union wanted the carmaker to reverse its decision to close down its assembly plants in Ohio and Michigan.

  • FreshToHome to beef up offline stores in city to 10, set up local factory FreshToHome to beef up offline stores in city to 10, set up local factory
    Published On: Sep, 16, 201907:00 AM

    FreshToHome (FTH) is an online fresh fish and meat business founded in 2015 by Shan Kadavil and Mathew Joseph. The Bengaluru-based outfit which has received $31 mn in funding, operates in 10 cities....

  • Reliance Industries, BP take over Niko’s 10 per cent stake in KG-D6 block Reliance Industries, BP take over Niko’s 10 per cent stake in KG-D6 block
    Published On: Sep, 16, 201912:48 AM

    Reliance Industries and UK’s BP plc have taken over the 10 pc shareholding of their partner Niko Resources in the eastern offshore KG-D6 block after the Canadian firm defaulted on paying for its share...

  • Singapore eyes 1 million visitors from India Singapore eyes 1 million visitors from India
    Published On: Sep, 16, 201912:48 AM

    Singapore is looking at continuing the four year trend of having over a million visitor arrivals from India in the current year as it undertakes a number of measures to hard sell the country as a...

  • ‘More steps needed for auto revival’ ‘More steps needed for auto revival’
    Published On: Sep, 16, 201912:41 AM

    With auto sector’s August sales touching the lowest level since 1997-98, industry insiders assert the time is ripe for the government to take other steps to save as many as million contractual jobs...

  • FPIs infuse Rs 1,841 cr in H1 of Sept FPIs infuse Rs 1,841 cr in H1 of Sept
    Published On: Sep, 16, 201912:41 AM

    Foreign portfolio investors turned net buyers in the first half of September, pumping in Rs 1,841 crore into the capital markets, after remaining sellers for the previous two months.

  • SBI favours fixed rate for home loans SBI favours fixed rate for home loans
    Published On: Sep, 16, 201912:37 AM

    State Bank of India will be seeking clarifications from the Reserve Bank whether it can offer long-term home loans with fixed rates in the beginning and convert the same into floating rates later,...