Business

Some States Sitting on Piles of Cash, and Cities Want a

Some States Sitting on Piles of Cash, and Cities Want a

NYTimes.com August 17, 2018

States like Ohio are placing their surpluses in rainy-day funds, but cities that have suffered because of cuts since the recession say it is time to loosen up.

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Sudan Wants ONGC Videsh to Withdraw Arbitration Over Oil Payment

Sudan Wants ONGC Videsh to Withdraw Arbitration Over Oil Payment

Business August 17, 2018

OVL, the foreign acquisition unit of Oil and Natural Gas Corps (ONGC), filed an arbitration claim earlier this year against the government of Sudan in a London court seeking to recover dues pendi

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Sensex Rises Over 250 Points, Nifty Reclaims 11,400

Sensex Rises Over 250 Points, Nifty Reclaims 11,400

Business August 17, 2018

Taking positive cues from global equities, the 30-share index was trading higher by 262.91 points, or 0.69 per cent, at 37,926.47. The index had lost 188.44 points in the previous session.

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Whistleblower Accuses Tesla of Spying on Employees at

Whistleblower Accuses Tesla of Spying on Employees at

Business August 17, 2018

A former member of Teslas internal investigations team, Karl Hansen, filed a tips, complaints and referrals form to the SEC about the Gigafactory on August 9

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88 Per Cent Rural Households Have Savings Account: Nabard

88 Per Cent Rural Households Have Savings Account: Nabard

Business August 16, 2018

The survey is a pioneering attempt to bring together financial inclusion and rural livelihood aspects, National Bank for Agriculture And Rural Development (Nabard) Chairman H K Bhanwala said.

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Rupee Slides 26 Paise to Close Below Historic 70-mark on Trade Deficit

Rupee Slides 26 Paise to Close Below Historic 70-mark on Trade Deficit

Business August 16, 2018

The Indian currency collapsed to a historic intra-day trading low of 70.40 before closing at fresh life-time low of 70.15 per dollar, down by 26 paise or 0.37 per cent over the previous close.

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India Ratings Pegs Down FY19 GDP Forecast to 7.2% on

India Ratings Pegs Down FY19 GDP Forecast to 7.2% on

Business August 16, 2018

The inflation forecast is due to the pass-through of global crude prices, the massive hike in MSPs of kharif crops and the hike in house rent allowances by the states.

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Sensex Trims Losses, Down 24 Points in Late Morning

Sensex Trims Losses, Down 24 Points in Late Morning

Business August 16, 2018

The benchmark index lost over 200 points on weak global cues and worsening trade deficit dampening investor sentiment.

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Sun Pharma Receives USFDA Nod Ophthalmic Solution Used to Treat Dry Eye

Sun Pharma Receives USFDA Nod Ophthalmic Solution Used to Treat Dry Eye

Business August 16, 2018

Dry Eye Disease represents an area of high unmet medical need, with a significant number of patients who are currently untreated, Abhay Gandhi, CEO, North America, Sun Pharma.

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Rupee Slips to Lifetime Low of 70.26 Against the Dollar. Heres How It Affects

Rupee Slips to Lifetime Low of 70.26 Against the Dollar. Heres How It Affects

Business August 16, 2018

The impact of the rupee collapsing is not just limited to buying capabilities of the country. The slide in currency value will soon start inflating household expenditures and dent personal budget

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China to Send Negotiator to US for Trade Talks This

China to Send Negotiator to US for Trade Talks This

Business August 16, 2018

The two countries plan to launch a new round of tit-for-tat tariffs on $16 billion worth of goods from each country on August 23.

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Note-ban, GST Hit Household Savings Rate, Decline May Pose Challenge for Economy:

Note-ban, GST Hit Household Savings Rate, Decline May Pose Challenge for Economy:

Business August 15, 2018

The decline was primarily due to the shocks from note-ban and GST implementation, said a report by India Ratings.

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Turkey Doubles Tariffs on Some US Imports; Lira

Turkey Doubles Tariffs on Some US Imports; Lira

Business August 15, 2018

Lira has lost nearly 40 percent against the dollar this year, driven by worries over President Tayyip Erdogans growing influence on the economy.

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RBI Puts 200 Stressed Account Under Scanner in Bid to Curb

RBI Puts 200 Stressed Account Under Scanner in Bid to Curb

Business August 15, 2018

Reserve Bank of India (RBI) is examining as to whether banks have followed prudential norms in respect of these stressed assets, a senior public sector bank official said.

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Blackstone May Buy Stake in Jet Airways Loyalty Arm:

Blackstone May Buy Stake in Jet Airways Loyalty Arm:

Business August 15, 2018

Jet Airways and its partner Etihad Airways will remain investors in Jet Privilege even after a potential Blackstone transaction.

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Heres a Look at Stocks That Rose 100-800% Since Last Independence

Heres a Look at Stocks That Rose 100-800% Since Last Independence

Business August 15, 2018

Most of the small and midcap companies have done well in the last one year, although the broader market as a theme came under some pressure in the last 2-3 months.

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US Sanctions Impact: Iran Offers Oil to India, Others at Cheapest Rate in 14

US Sanctions Impact: Iran Offers Oil to India, Others at Cheapest Rate in 14

Business August 14, 2018

The United States will seek to block Irans international oil sales from November 5, when the second phase of sanctions are reimposed as part of Washingtons withdrawal from the 2015 nuclear deal.

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RBI Says Kotak Stake Dilution Does Not Meet its

RBI Says Kotak Stake Dilution Does Not Meet its

Business August 14, 2018

It can be noted that on August 2, Kotak had sold a part of his stake in the lender and bringing down his personal holding to under 20 per cent by issuing perpetual non-cumulative preference share

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Govt Blames External Factors for Rupee Fall, Says Nothing to Worry Even if it Hits 80 Per

Govt Blames External Factors for Rupee Fall, Says Nothing to Worry Even if it Hits 80 Per

Business August 14, 2018

In the current financial year, which began on April 1, the rupee has depreciated around 6.7% against the US dollar.

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Under Fire Naresh Goyal Briefs Aviation Secretary on Jet Airways

Under Fire Naresh Goyal Briefs Aviation Secretary on Jet Airways

Business August 14, 2018

Naresh Goyal had l told his shareholders that hes embarrassed and guilty of their losses, later left for London amidst the airlines plans to raise funds to come out of the financial airpocket.

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