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Economy

Stocks bide time ahead of Fed decision; oil slumps

By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) -Oil prices slid to six-month lows on Wednesday and world shares killed time ahead of the year's final Federal Reserve policy decision and clues

Rupee falls to record closing ahead of U.S. Fed outcome

By Jaspreet Kalra MUMBAI (Reuters) - The Indian rupee fell to its record closing low on Wednesday as an uptick in the dollar index pressured the local unit ahead of the U.S. Federal Reserve's monetary

‘Will bankrupt govts down the line’ — Raghuram Rajan warns states opting for old pension scheme

The former RBI governor batted for direct cash transfers to citizens, but said these become a problem if the transfers are untargeted and competitive before polls.

UltraTech targets green energy at 85 per cent of its total energy requirements by 2030

Mumbai (Maharashtra) , December 13 (ANI): UltraTech Cement on Wednesday announced it plans to increase the overall share of green energy in its total...

Dollar ticks up as traders wait for Fed signal on rate cuts

By Amanda Cooper LONDON (Reuters) -The dollar ticked up slightly on Wednesday as traders prepared for the conclusion of a Federal Reserve policy meeting that could offer some insight into when the U.S

Amendments to SEZ Act to spur commercial office space leasing: Crisil

Kolkata, Dec 13 (PTI) The recent notification of the commerce ministry to demarcate part of Special Economic Zones into non-SEZ areas will spur...

India’s Mahindra and Mahindra, investors to invest $105 million in unit

BENGALURU (Reuters) - Indian automaker Mahindra and Mahindra said on Wednesday that the company, along with external investors, will invest 8.75 billion rupees ($105 million) in unit, Classic Legends,

Gold slips as dollar firms, traders strap in for Fed verdict

By Brijesh Patel (Reuters) -Gold prices eased on Wednesday to their lowest levels in more than three weeks as the dollar edged higher ahead of the U.S. Federal Reserve's interest rate decision and

Asian stocks bide time ahead of Fed decision; oil slumps

By Rae Wee SINGAPORE (Reuters) -Asian shares were mixed on Wednesday, while oil prices slid to six-month lows as traders waited for the year's final policy decision from the Federal Reserve and clues

India’s BPCL looking at buying Venezuela oil, official says

NEW DELHI (Reuters) - India's state run refiner Bharat Petroleum Corp is looking at buying Venezuela oil, its head of refineries Sanjay Khanna said on Wednesday. "Our refineries are capable of

On Camera

Elections showed that Manipur still has faith in democracy. Will new govt deliver?

The people of conflict-torn Manipur will have every right to feel betrayed if the new government doesn’t break its silence and show its commitment to addressing the state's issues.

Cash-strapped Karnataka hikes fuel tax by Rs 3/l, could earn Rs 2,500-3,000 cr more per yr

Move to bring down differences in commodity prices with neighbouring states, says government. Oppn, dealers blame it on welfare, Congress's guarantees.

With an eye on China, IAF expands taxi track at Leh airport, new shelters being built

Expanded taxi track is smaller than those meant for civilian operations, but is long enough for fighters & military transport aircraft to operate.

Sangh wants BJP to know it’s not dispensable. It’s a rap on the knuckles, nothing more

Occasional lovers’ tiffs have marked history of RSS-BJP relations. To think that Nagpur will bring about any change in leadership is a misreading of both its intent and its power.