Srinagar, 04 June (KNS): Jammu and Kashmir Conference on Thursday said the government has failed to provide succour to businesses in Kashmir which are suffering from liquidity crunch to keep their bank accounts standard saying the traders and businessmen in Kashmir are facing losses for ten months and that without any prompt support from government, […]
India has saved Rs 5,000 crore in foreign exchange after it capitalised on the global low oil prices to fill its underground strategic oil storage to shore up insurance against any supply or price disruption, the petroleum ministry said on Wednesday. While the 5.33 million tonnes of emergency storage — enough to meet India’s oil […]
Mumbai/London/Hon Kong: Three of the largest Middle Eastern sovereign wealth funds are in advanced talks to invest in Reliance Industries Ltd.’s digital arm, people familiar with the matter said, potentially adding to the roster of marquee investors that have piled into the business. Abu Dhabi’s Mubadala Investment Co. is nearing a deal to invest about $1 […]
The rupee depreciated 6 paise to 75.60 against the US dollar in opening trade on Tuesday as strengthening American currency and sustained rise in crude oil prices weighed on investor sentiment even as domestic equities opened on a positive note. Forex traders said, while firm start of the equity market and foreign fund inflows supported […]
There will be a hike in fuel prices and several trains and flights will resume from Monday, June 1, as the country will enter the fifth phase of the coronavirus lockdown with a three-phased exit plan. Public transport in some states will also resume and as will the central government’s ambitious food security scheme. Here […]
The Finance Ministry is not in favour of increasing goods and services tax (GST) rates on non-essential items in the meeting of the GST Council scheduled in June, despite sliding revenue collections, government sources said on Friday. Higher taxes on non-essential items will further bring down their demand and impede the overall economic recovery. Sources […]
Gross domestic product data out later on Friday is expected to show India’s economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment. The median forecast from a Reuters poll of economists put annual economic growth at 2.1% […]
The rupee appreciated 30 paise to 75.65 against the US dollar in early trade on Tuesday tracking positive opening of domestic equities and weakness in the American currency. Forex traders said a positive start of domestic stocks supported the local unit, while sustained foreign fund outflows and concerns over coronavirus outbreak weighed on the local unit. […]
The rupee depreciated 34 paise to provisionally close at 75.95 against the US dollar on Friday as the Reserve Bank of India’s rate cut move failed to cheer investor sentiment. Forex traders said weak domestic equities, strengthening American currency overseas, rising coronavirus cases in the country and US-China trade tensions also weighed on the local […]
President Donald Trump said he won’t renegotiate his so-called “phase one” trade deal with China, despite the country falling short on agreements to purchase additional U.S. exports. “We’re not going to renegotiate,” he said in an interview with Fox Business Network broadcast Thursday. While Chinese purchases of U.S. agricultural goods have recently picked up, the […]