Business

January 6, 2021 6:16 PM

Oil prices rise to their highest since February 2020

Oil prices today rose to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied oil producers. On the other hand, industry figures showed that U.S. crude stockpiles had come down last week.   In intra-day trade, Brent crude prices wer...

January 6, 2021 6:09 PM

Rupee appreciates 7 paise to close at Rs 73.11 against US dollar

The rupee today appreciated seven paise to close at Rs 73.11 against the US dollar. The domestic unit strengthened mainly due to weakness in the US currency.  The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, fell 0.22 per cent to 8...

January 5, 2021 9:07 PM

Oil prices rises amid tensions after Iran seizes South Korean vessel

Oil prices today inched up amid tensions after Iran seized a South Korean vessel. Crude prices also gained amid reports that OPEC Plus group is studying a possible production cut next month. Brent crude prices were trading around 52 dollars per barrel while WTI crude prices were around 48 dollars an...

January 5, 2021 4:24 PM

S&P 500, Dow tumble from record highs

The S&P 500 and the Dow fell from record highs yesterday as nerves over the outcome of runoff elections in Georgia this week countered optimism over a vaccine-driven recovery in the global economy. The Dow Jones Industrial Average declined 1.3 percent while the S&P 500 and the Nasdaq...

January 5, 2021 4:16 PM

Railway Minister Piyush Goyal launches Freight Business Development Portal

Railway Minister Piyush Goyal today launched a Freight Business Development Portal as one stop solution for all the needs of freight customers. The Minister said that Indian Railways is an invisible thread which connects the length and breath of India.   During the lockdown, Railways showed its reso...

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