Business

January 31, 2021 6:44 PM

Oil pares gains on worries about Coronavirus vaccine rollout

Crude oil prices edged up last week in a tight range on demand worries due to coronavirus variants and slow vaccine rollouts, which offset a bullish sentiment due to a cut in Saudi Arabian oil supply and falling US oil inventories.   Global benchmark Brent crude futures gained less than 1 percent du...

January 31, 2021 9:06 AM

Dow drops more than 600 points, suffers worst week since October

US markets declined yesterday, registering its biggest weekly fall since October, as investors gauged the ramifications of Johnson & Johnson's COVID-19 vaccine trial results.   So, the Dow Jones Industrial Average fell 621 points, or 2 per cent, to 29,983. The S&P 500 lost 7...

January 30, 2021 4:15 PM

Budget 2021-22 Expectations: People waiting for budget with expectations

Union Budget 2021 is going to be presented on Monday. Amid the impact of Covid-19 pandemic on the economy, experts and people have various expectations from this budget. Talking to AIR News Delhi, Chartered Accountant Alok Kushwaha expressed hope that the taxation load would be reduced to give relie...

January 30, 2021 1:51 PM

Gold registers lowest demand of 11 years at global level due to COVID

Due to COVID-19 pandemic, gold registered the lowest demand in 11 years at global level. As per the data released by World Gold Council, demand for jewellery recorded all-time low as per available records. It decreased by 34% at global level and 42% in India. AIR Correspondent reports that in the ye...

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