Turkey's battered lira weakened 4 percent on Friday after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention "sitting down". The case of Andrew Brunson, an evangelical
Another steep decline in the Turkish lira on Friday pushed emerging market equities lower and kept other world markets cautious, overshadowing hopes that an upcoming U.S.-China meeting would resolve concerns over trade tariffs. A Chinese delegation led by Vice Minister of Commerce Wang Shouwen will
Three vessels, including two very large crude oil carriers (VLCC) and one Suezmax, carrying more than 2 million barrels of crude oil, have been waiting to unload the oil for 5 to 12 days, shipping data on Thomson Reuters Eikon showed.
Highest ever growth rate since Independence was recorded at 10.2 percent in 1988-89 when Rajiv Gandhi was Prime Minister.
Saudi state oil giant Saudi Aramco remains committed to meeting future oil demand through continued investments, the kingdom's Energy Minister Khalid Al Falih said in a company report on Friday. Aramco, which is slated for a public share sale, "continued to prepare itself for the listing of
Crude prices edged higher on Friday, but were heading for yet another weekly decline on worries that oversupply would weigh on the U.S. market and that trade disputes and slowing global economic growth would slow demand for oil. "One of the biggest concerns out there is that China's demand
Mumbai, Aug 17 (IANS) The Receivables Exchange of India (RXIL) on Friday said Hindustan Aeronautics (HAL) has become the first public sector enterprise to make a transaction on the "TReDS platform". ...
New Delhi/Thiruvananthapuram, Aug 17 (IANS) The civil aviation regulator DGCA (Directorate General of Civil Aviation) has asked domestic airlines to mount additional flights to and from Kerala with a cap on the maximum fare. The grim situation has left the state with only two operational civil airports
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New Delhi/Chennai, Aug 17 (IANS) Commercial vehicle major Ashok Leyland on Friday said that it has bagged an order for 300 double decker buses from the Bangladesh Road Transport Corporation (BRTC). According ...
Income Tax collection in the country stood at a record Rs. 10.03 lakh crore during 2017-18. Addressing a two-day conference of Income Tax Administrators of Eastern Zone in Guwahati, Shabri Bhattasali, Member of CBDT, said that during 2017-18, a record number of 6.92 crore I-T returns were filed, which
A strong US dollar and subsequent interventions by the country's central bank to stabilise the rupee drained over $1.80 billion from India's foreign exchange (forex) reserves, analysts said on Friday.
The credit disbursal to the MSME sector has, however recovered a tad since the lows of 2017 to reach the mid-2015 level, notes an RBI report called the Mint Street Memo.
Mumbai, Aug 17 (IANS) A strong US dollar and subsequent interventions by the country's central bank to stabilise the rupee drained over $1.80 billion from India's foreign exchange (forex) reserves, analysts said on Friday. As per the Reserve Bank of India (RBI) weekly statistical supplement,
The RBI released a list of authorised credit rating agencies on 21 May, 2018, reducing the time available to implementing resolution plans by 82 days.
Mumbai, Aug 17 (IANS) Passenger carrier Air Deccan on Friday said that it will commence a new flight service between Nashik and Ahmedabad under the regional air connectivity UDAN scheme from next month. The airline, which resumed air operations after a gap of almost ten years in 2017, had won the rights
New Delhi, Aug 17 (IANS) Mining major Vedanta on Friday welcomed the Supreme Court's decision not to entertain the Tamil Nadu government's plea against the National Green Tribunal (NGT) order allowing the company access to the administrative unit inside its subsidiary Sterlite Copper's closed
Revenue department defers implementation of a reporting norm for tax auditors where details of GST and GAAR were required.
A Malaysian financier wanted for his role in the multi-billion-dollar scandal at state fund 1MDB has said he does not expect to get a fair hearing anywhere and will not present himself to any country where his guilt has been predetermined. Low Taek Jho has been identified by investigators in Malaysia
More evidence that euro zone growth has slowed this year is likely to be seen on Thursday, when surveys are expected to show an escalating global trade war is hurting producers. Protectionist policies on trade are likely to tap the brakes significantly on global growth and have already caused turmoil