Business

September 8, 2020 9:17 PM

Oil declines for fifth session in a row to trade below 42 dollars a barrel

Oil today declined for the fifth session in a row to trade below 42 dollars a barrel. Crude prices fell amid concerns that a recovery in demand could weaken as Covid-19 infections are going up around the world. In intra-day trade, Brent crude prices were trading around 41 dollars and 90 cents per ba...

September 8, 2020 6:22 PM

US equity indices remained closed on Labour Day

US equity indices remained closed yesterday on the occasion of Labour Day. In the last business week, the Wall Street indices logged its biggest weekly fall in more than two months mainly due to a plunge in tech stocks.

September 8, 2020 8:08 AM

RBI paves way for loan recasts; 26 sectors identified

The Reserve Bank yesterday specified five financial ratios and sector-specific thresholds for resolution of COVID-19-related stressed assets in 26 sectors, including auto components, aviation and tourism. The circular issued by the Reserve Bank for resolution of the stressed assets is based on the r...

September 4, 2020 9:46 PM

Country should move towards global dominance in auto sector: Piyush Goyal

Commerce and Industry Minister Piyush Goyal today said that the country should move towards global dominance in the auto sector, in terms of auto components and automobiles.   Addressing the Society of Indian Automobile Manufacturers annual convention, Mr Goyal expressed confidence that resilience o...

September 4, 2020 7:46 PM

15th Finance Commission holds discussions with its Economic Advisory Council

The Fifteenth Finance Commission today held discussions with its Economic Advisory Council. Finance Ministry said, the meeting discussed a gamut of issues around GDP growth, tax buoyancy of the Centre and the States, GST compensation and fiscal consolidation. Specific issues relating to public expen...

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