Business

Crude shocker can be rude shocks for economy: RBI economists

Crude shocker can be rude shocks for economy: RBI economists

A sudden surge in crude prices can upset the nation‘s key macro-stability parameters, as it can sharply spike the current account deficit (CAD), inflation and the fiscal numbers, whittling the benefits of higher growth, warns an RBI study. Since the country is heavily dependent on oil imports To the tune […]

Top 10 most-valued companies including TCS, RIL, HDFC Bank lose Rs 38,153 cr in m-cap

Top 10 most-valued companies including TCS, RIL, HDFC Bank lose Rs 38,153 cr in m-cap

The combined market valuation of six of the 10 most valued companies slumped by Rs 38,152.86 crore last week, with Reliance Industries Ltd (RIL) taking the steepest hit. While Tata Consultancy Services (TCS), RIL, HDFC Bank, HUL, ITC and HDFC suffered losses in their market capitalisation (m-cap) for the week […]

Weakness in China economy gives Beijing incentive for trade deal: Trump

Weakness in China economy gives Beijing incentive for trade deal: Trump

US President Donald Trump said on Sunday that trade talks with China were going very well and that weakness in the Chinese economy gave Beijing a reason to work towards a deal. “I think that gives them a great incentive to negotiate,” Trump told reporters at the White House. The […]

Sensex rebounds nearly 200 points; Nifty reclaims 10,700 mark

Sensex rebounds nearly 200 points; Nifty reclaims 10,700 mark

The BSE benchmark Sensex Friday rebounded nearly 200 points and the NSE Nifty reclaimed the 10,700 mark, driven by a recovery in auto, metal and banking stocks amid buying by domestic institutional investors. The 30-share index, however, pared some early gains and was trading 103.90 points, or 0.29 per cent, […]

Sensex jumps 181 points; PSU banks rally

Sensex jumps 181 points; PSU banks rally

The BSE benchmark Sensex jumped 181 points Friday while the NSE Nifty reclaimed the 10,700-mark, driven by robust buying in banking, metal and pharma stocks amid positive global cues and a strengthening rupee. After swinging over 350 points intra-day, the 30-share Sensex finally settled 181.39 points, or 0.51 per cent, […]

Rupee recovers 48 paise to 69.72 against US dollar

Rupee recovers 48 paise to 69.72 against US dollar

The Indian rupee Friday rebounded by 48 paise to settle at 69.72 against the US dollar in line with smart gains in domestic equities and uptrend in other emerging market currencies. Also, sustained selling of the American currency by exporters and banks propped up the rupee after two successive sessions […]

Oil prices rise over China-US trade talks, OPEC cuts

Oil prices rise over China-US trade talks, OPEC cuts

Oil rose to around $57 a barrel on Friday with the United States and a survey showed China‘s services sector expanded in December, while signs of lower crude supply also lent support. The Organization of the Petroleum Exporting Countriesand the American Petroleum Institute (API) reported a 4.5 million-barrel drop in […]

US jobs growth surged in December: Labour department

US jobs growth surged in December: Labour department

US employers hired the most workers in 10 months in December while boosting wages, which could help to allay a recent upsurge in fears about the economy‘s health that has roiled financial markets. The upbeat employment report from the Labour Department on Friday stood in stark contrast with reports this week […]

Vijay Mallya first businessman to be declared 'fugitive economic offender'?

Vijay Mallya first businessman to be declared 'fugitive economic offender'?

A Mumbai court on Saturday declared embattled liquor baron Vijay Mallya a fugitive economic offender (FEO) on a plea of the Enforcement Directorate. With this declaration he has become the first businessman to be tagged so under the F 2018. The fugitive economic offenders‘ law came into force in August […]

Edureka‘s online courses help you strengthen your skill set for work – and you can save 30% on key courses

Edureka‘s online courses help you strengthen your skill set for work – and you can save 30% on key courses

Read full story The team writes about stuff we think you‘ll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Shutterstock With the rapidly evolving job market, it‘s important to develop new professional skills. Professional development is not only an asset, but […]