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Sunday, May 19, 2024
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Economy

Oil dips, to post weekly loss as markets weigh Chinese demand

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices dipped on Friday and were set to close lower for the week as markets remained wary of Chinese demand even as producer group OPEC+ extended output

Gold marches higher as US jobs data boosts bets of early rate cut

By Anjana Anil (Reuters) - Gold prices surged to a fresh record high on Friday as data showing a rise in the U.S. unemployment rate boosted expectations that the Federal Reserve could begin cutting

Oil steadies as investors weigh U.S. job data and rate cut signals

By Robert Harvey LONDON (Reuters) - Oil prices steadied on Friday as investors digested fresh U.S. employment data, in the quest for clues as to whether interest rate cuts may occur in the United

Dollar slips as data keeps rate cut hopes intact

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped against the euro on Friday after data showed U.S. job growth accelerated in February, but a rise in the unemployment rate and moderation in

SBI’s request for more time on electoral bond disclosures based on ‘erroneous reading’ of SC order

Former government officials and bankers involved with the electoral bonds scheme say SBI can’t match donors and receivers in any case, but is using this to justify the delay.

Spectrum auction for radio frequencies worth Rs 96k crore to start on May 20

New Delhi, Mar 8 (PTI) The upcoming spectrum auction for mobile services will start on May 20, according to a notice inviting applications released...

Bank employees to get 17% annual wage hike; 5-day work week awaits govt approval

New Delhi, Mar 8 (PTI) Indian Banks' Association and bank employee unions on Friday agreed on an annual wage hike of 17 per...

Govt plans to procure 3 varieties of pulses, maize at MSP if farmers opt for crop diversification

New Delhi, Mar 8 (PTI) The government is planning to undertake guaranteed procurement of pulses -- tur, urad and masoor -- and maize at...

ICAI aims to develop guidelines for aggregation of CA firms

Kolkata, Mar 8 (PTI) The Institute of Chartered Accountants of India (ICAI) announced on Friday that, in line with Prime Minister Narendra Modi's...

Yen climbs on reports BoJ warming to rate rise, dollar heads to weekly drop

By Joice Alves LONDON (Reuters) -The yen rose to a fresh five-week high against the dollar on Friday after reports the Bank of Japan is warming to the idea of raising interest rates and considering a

On Camera

Ghatkopar hoarding collapse a typical Mumbai disaster—too many agencies, no one to blame

As per the BMC, there are 1,025 officially approved hoardings in the city right now. However, any Mumbaikar can tell you that number is a ludicrous underestimate.

India’s GDP to grow at 6.9% in 2024 — UN agency revises its January projection of 6.2%

Latest report by UN Department of Economic and Social Affairs says global growth to be faster than estimated earlier & India’s 'robust performance' to boost South Asia’s growth.

Spain denies port call to vessel carrying shipment of ‘arms to Israel from India’

The Spanish foreign minister says 'the Middle East does not need more weapons, it needs more peace'. Spain has been very critical of Israel’s offensive in Gaza.

Abki baar 90 paar for Congress? Why even 30 more seats will ruffle BJP

Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?