Business

August 17, 2021 6:11 PM

Wall Street's main indexes remains mixed & range bound

Wall Street's main indexes remained mixed and range bound yesterday, as weak economic data from China sparked fears of slowing global growth.   Cautious investors moved into defensive stocks.   Political turmoil in Afghanistan also dampened investor sentiment.   The Dow Jones Industrial Ave...

August 16, 2021 7:07 PM

WPI eases for 2nd month in a row to 11.16% in July

The wholesale price-based inflation, WPI, eased for the second month in a row to 11.16 per cent in July.  According to the government data released today, WPI eased on cheaper food items, even though prices of manufactured goods and crude oil appreciated. However, WPI inflation remained in double di...

August 14, 2021 9:02 AM

RBI cancels license of Raigad based Karnala Nagari Sahakari Bank

The Reserve Bank has canceled the license of Raigad based Karnala Nagari Sahakari Bank Limited in Maharashtra. In a press release, RBI said the bank has been directed to cease all its operations from 13th August. As informed by the Reserve Bank of India, the license of Karnala Nagari Sahakari Bank w...

August 12, 2021 6:36 PM

Oil prices fall around half a percent

Oil prices today fell around half a percent as the International Energy Agency (IEA) said the spread of the Delta variant of the coronavirus would slow the global oil demand recovery. In intra-day trade, Brent crude was trading around 71 dollars and 20 cents per barrel. WTI crude prices were at 68 d...

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