Oil prices were high on Monday in Asia, with a slight recovery from its last week performance. During the time, when the OPEC the manufacturer club, tightened its supply output, there were progressive ongoing trade talks between the US and China. The report suggests that both the countries were very close to reach out a […]Continue Reading
On Sunday, the Enforcement Directorate (ED) for the third time interrogated the former ICICI Bank CEO and MD Chanda Kochhar and meanwhile convicted Nishant Kanodia, the chairman of Matrix Fertilizer. Deepak Kochhar and Venugopal Dhoot were deeply questioned by the ED, and after completing the process of interrogation for the day, they left the investigating […]Continue Reading
On Thursday, Infosys, the second largest IT Company of India has imposed a fine of 9.5 lakh rupees on one of its key independent director Kiran Mazumdar Shaw for selling 1,600 shares accidentally of Infosys during the trading hours. Infosys has mentioned it in on February 28 during its BSE filing. She had not taken […]Continue Reading
The Indian GDP fell to lower than the expected growth rate of 6.6% in the fourth quarter October-December which is the lowest in the last 5 quarters due to poor growth in the manufacturing and farming sector. The growth estimate for the fiscal year ending on March 31 has been reduced to less than 7% […]Continue Reading
India’s Gross Domestic Product (GDP) growth rate in Q3 which ended on 31st December 2018 has stood at 6.6 percent; the information is according to recent government data which was released on Thursday. The growth rate is at a 5-quarter low. It is the slowest growth rate ever since the quarter that ended in September […]Continue Reading
Increasing expenditure by the current government on infrastructure in an attempt to hold off rivals in the upcoming elections in 2019 may lead to an increase in diesel consumption within the country. India is the third largest oil user globally. The increasing diesel consumption by the country solidifies India’s role as a driver of oil […]Continue Reading
Gold prices on Thursday dropped to a two-week low, as the dollar recovered losses after cautious comments from the US Trade Representative Robert Lighthizer which dented investors’ hope for ending the tariff war with China. As of 0340 GMT, sport gold and the US gold future slipped by 0.1% to $131850 and $1320.10 per ounce […]Continue Reading
On Wednesday, the domestic airline firm in India, Jet Airways has grounded seven more aircraft as the carrier has failed to make the payments to its lessors, taking the tally of planes hamstrung by the defaults to thirteen. On an official press release, “Jet Airways is currently is actively engaged with all its aircraft lessors,” […]Continue Reading
The United Kingdom and the United States entered in an agreement on Monday for a long-term pact to ensure that the $2 trillion a day transatlantic derivatives market remains uninterrupted by Brexit. The transactions in London and New York account for 80% of all global off-exchange trade contracts. Derivatives are extensively utilized by companies to […]Continue Reading
As soon as US President Donald Trump announced that the trade talks were progressive and are ready to the extent the tariff hike on Chinese goods, the Indian shares reached another high level along with Asian stocks. When the news arrived about the trade talks between Beijing and Washington has achieved substantial progress during the […]Continue Reading