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Oil prices stabilise after hefty losses

By Rowena Edwards LONDON (Reuters) - Oil prices were steady on Thursday after a price drop the previous day reversed the supportive impact of a surprise OPEC production cut announced this month. Brent

Oil prices inch higher after hefty losses

By Rowena Edwards LONDON (Reuters) -Oil prices edged higher on Thursday after a price drop the previous day reversed the supportive impact of a surprise OPEC production cut announced this month. Brent

Europe battles to shake off nagging banking concerns

By Marc Jones LONDON (Reuters) - The dollar remained under pressure and world share markets were trying to stay positive on Thursday, as ongoing rumbles in the U.S. banking system kept investors

Unilever India arm’s earnings margin shrinks on cost inflation

By Praveen Paramasivam CHENNAI (Reuters) -India's Hindustan Unilever on Thursday reported a drop in fourth-quarter earnings margin after increased commodity costs overshadowed sales growth. A sharp

Maruti to expand manufacturing capacity by 10 lakh units a year, launch hybrid ‘path-breaker’ car in 2 months

Company Wednesday announced highest-ever annual sales of 1,966,164 vehicles, highest-ever exports of 2,59,333 units and crossed Rs 1 lakh crore in annual turnover for first time.

Asian shares hesistant on banking jitters, US economic concerns

By Stella Qiu SYDNEY (Reuters) - Asian shares were subdued on Thursday as troubles at U.S. lender First Republic Bank continued to unnerve investors amid concerns that growth in the world's biggest

Oil prices find some support after heavy losses on US recession fears

By Sudarshan Varadhan SINGAPORE (Reuters) -Oil prices rose slightly on Thursday, finding some support after heavy losses in the previous two sessions that were driven by fears of a U.S. recession and

Asian shares sink on banking jitters, US economic concerns

By Stella Qiu SYDNEY (Reuters) - Asian shares extended losses on Thursday as troubles at U.S. lender First Republic Bank continued to unnerve investors amid concerns that growth in the world's biggest

Euro near one-year peak as US economic risks weigh on dollar

By Kevin Buckland TOKYO (Reuters) - The euro hovered near a one-year high versus the dollar on Thursday, as Europe's resilient economy contrasted with banking contagion risks in the United States, the

Oil prices rebound after recession fear, Russia exports fuelled earlier losses

By Katya Golubkova TOKYO (Reuters) - Oil prices rose on Thursday, paring earlier losses that were fuelled by U.S. recession fear and increased Russian oil exports dulling the impact of OPEC production

On Camera

Tirupati controversy shows temples can’t run as public sector units. They must be privatised

A private temple could make crores by selling better laddus and investing in goshalas and captive production units to control quality.

After a brief surge, private investment & hiring has again turned cautious. Focus is on cutting debt

Financial year 2022-23 saw private investments & hiring surge, but since then firms are using cash to reduce debt. General elections didn’t help matters, either.

Air Marshal A.P. Singh takes over as IAF chief, task cut out

Air Chief Marshal Singh took over from incumbent V.R. Chaudhari Monday afternoon. His top priority will be strengthening the fighting capability of the IAF, it is learnt.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?