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Economy

Oil up about 2% on big US crude storage draw, Middle East tension

By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 2% to a two-week high on Wednesday on a bigger-than-expected U.S. storage draw and as rising tensions in the Middle East threaten to

Dollar gains against euro as Fed, Middle East in focus

By Karen Brettell NEW YORK (Reuters) - The dollar rose against the euro on Wednesday before several Federal Reserve officials were due to speak and as investors watched the war between Hamas and

Servotech Power Systems, IIT-Roorkee enter pact to develop e-chargers, rectifier units

New Delhi, Oct 18 (PTI) Servotech Power Systems Ltd (SPSL) on Wednesday said it has inked an agreement with IIT-Roorkee to develop onboard...

Gold advances as Middle East tensions spur safe-haven demand

By Ashitha Shivaprasad (Reuters) - Gold rose to a more than one-month peak on Wednesday as the escalating conflict in the Middle East sent investors flocking towards the safe-haven metal. Spot gold

Wipro reports almost steady net profit, revenue from operations in Q2

New Delhi , October 18 (ANI): IT services firm Wipro on Wednesday almost steady growth in its consolidated net profit at Rs 2,667.3 crore...

Oil spikes as Middle East strife heightens supply concerns

By Natalie Grover LONDON (Reuters) -Global oil benchmark Brent hit $93 a barrel on Wednesday as the risk of escalating conflict in the Middle East threatened to disrupt oil supplies from the region,

IndusInd Bank profit jumps 22% on strong retail loan demand

By Siddhi Nayak and Dimpal Gulwani (Reuters) -Indian private lender IndusInd Bank reported a 22.1% rise in second-quarter profit on Wednesday, helped by strong loan growth on the back of retail

Guinea-Bissau capital in darkness after Turkish firm cuts power supply

BISSAU (Reuters) -Guinea-Bissau's capital was plunged into darkness on Tuesday after Turkish company Karpowership cut off electricity supplies to the West African nation due to an unpaid debt of $17

Competition watchdog creates incentives for whistleblower firms to give up information on cartels

New draft rules allow the Competition Commission of India to reduce the penalty it imposes on companies in cartels if they also come forward with information about others.

Shares fall, Middle East strife boosts oil and gold

By Amanda Cooper LONDON (Reuters) -Global shares fell on Wednesday, while unease among investors about the risk of a widening conflict in the Middle East translated into a rise in the price of oil and

On Camera

Azad, Antony, Geetha—6 candidates to watch in 2024. Their win can reshape politics in states

While Chandra Shekhar Azad is a streetfighter who has caught the fancy of Dalit youth, Anil Antony is the face of the BJP’s fresh social engineering attempt.

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.