Business

September 15, 2021 10:03 PM

Global crude oil prices climb nearly 1 dollar

Global crude oil prices climbed nearly 1 dollar each after industry data showed a larger than expected draw-down in US crude inventories and on expectations demand will rise as vaccination roll-outs widen.   So, Brent oil advanced 92 cents, to trade at 74.52 dollars a barrel. US crude futures added ...

September 15, 2021 8:59 PM

US Market experiences fall over slower-than-expected rise in inflation

Wall Street, the Dow Jones and S&P 500 indexes fell yesterday, dragged down by financial stocks, after data showing a slower-than-expected rise in US inflation led to uncertainty over the US Federal Reserve's time-line to taper monetary stimulus.  Data from the Labor Department show...

September 15, 2021 8:22 PM

Govt approves PLI Scheme for Drones & Drone Components

The Union Cabinet today approved the Production-linked Incentive (PLI) Scheme for Automobile and Drone Industries with a budgetary outlay of 26 thousand 58 crore rupees.  It will herald a new age in higher technology, more efficient and green automotive manufacturing.  Briefing reporters after the c...

September 15, 2021 4:33 PM

Asian market slides due to concerns over global recovery

Asian markets mostly fell today, as a raft of subdued data from China, indicating slowing economic activity raised concerns over a global recovery.  So, Japan's Nikkei-225 index fell 0.5 percent; China's Shanghai Composite index ended 0.2 percent lower; Hong Kong's Hang Se...

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