Oil headed for a weekly loss as plentiful supplies helped offset worries that tensions between Saudi Arabia and the U.S. over the disappearance of a journalist could lead to the use of crude as a political weapon.
Mukesh Ambani toppled China’s Jack Ma as Asia’s richest man, after driving a telecommunications revolution in India that propelled his petrochemicals conglomerate Reliance Industries Ltd. into the $100 billion club.
Policy makers should prepare for more market volatility amid further financial tightening and “choppy” waters in the global economy stemming from trade tensions, said Christine Lagarde, managing director of the Internatio
India Inc. overall is better off than several years ago, after more companies with foreign-currency debt bought protection against rupee declines, which otherwise would push up the cost to service those obligations.
Global central banks are gradually withdrawing easy monetary policy a decade since they began racing to the rescue of a world economy skidding into recession. The Federal Reserve’s benchmark is now the highest since 2008 an
Citigroup downgraded BPCL, HPCL, and IOC. to sell, while Goldman Sachs lowered the first two companies to sell. Refiners extended declines Friday, with losses of as much as 28% for BPCL, 25% for Indian Oil and 24 % for HPCL.
IL&FS crisis: The troubles at IL&FS had been intensifying since July, when company founder Ravi Parthasarathy stepped down. Defaults from August within the group rattled the money markets, added to pressure on corporate bond
The Reserve Bank of India (RBI) is likely to raise rates in coming months as it tries to shore up the battered currency and keep inflationary pressures under check amid rising prices of oil, the country’s biggest import ite
Rupee Vs Dollar: Rupee has been setting one record low after another recently, with overseas investors having pulled a net $9.1 billion from Indian stocks and bonds this year amid an emerging-market selloff.
Twitter shares plunged the most in four years after the firm said in July that monthly users had dropped by 1 million in the second quarter and predicted further declines as it fights against spam, fake accounts and malicious