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Indian refiners cut runs as fuel demand dips, margins fade. (AFP Photo)

Indian refineries face shutdowns as fuel demand drops

In July, however, local demand growth has slowed because of high fuel prices, renewed lockdown in parts of the country

29 July 2020 10:31 AM IST

Asian airlines carried just 724,000 international passengers in June, a 98 per cent decline compared to the 31.8 million recorded in the same month last year. (ANI Photo)

Asia's international air travel plunges 98%, cargo demand falters:...

Air cargo demand was 20.3 percent lower year-on-year as demand for exports continued to falter on the back of economic...

29 July 2020 9:39 AM IST

Oil rises after surprise drop in U.S. inventories offsets demand concerns. (AFP Photo)

Oil prices inch higher after sharp drop in US crude inventories

Inventories of crude oil in the US dropped by 6.8 million barrels last week to 531 million barrels

29 July 2020 9:12 AM IST

Sensex surged over 558 points and the NSE Nifty topped the 11,300-mark on Tuesday. (AP Photo)

Sensex rallies over 550 points, Nifty tops 11,300-mark

Ultratech Cement, TCS, Kotak Mahindra, M&M, Maruti, IndusInd Bank and Bajaj Auto were the prominent gainers

28 July 2020 4:40 PM IST

Housing sales plunged 79 per cent to 19,038 units across eight major cities in April-June. (DC Photo)

Housing sales in April-June drop 79% in top 8 cities

Mumbai saw 85 per cent fall in the second quarter of 2020 to 4,559 units, from 29,635 units in the corresponding period...

28 July 2020 3:43 PM IST

Mukesh Ambanis Reliance Industries Ltd will pay between â‚¹24,000-27,000 crore to buy the Indian retail chains owned by Future Group. (PTI Photo)

Reliance set to acquire Future Group's retail business for Rs 27,000...

Reliance's existing retail operation already runs close to 12,000 stores in over 6,700 Indian towns and cities

28 July 2020 2:55 PM IST

Hydrogen champion Hyundai races to electric as Tesla takes off. (AFP Photo)

Hyundai vs Tesla: Hyundai race to produce electric cars as Tesla takes...

No traditional automaker has been successful yet in catching up with Tesla, which retains an edge in battery and...

28 July 2020 11:34 AM IST

IndiGo announces deeper pay cuts of up to 35 per cent for senior employees. (AFP Photo)

IndiGo slashes pay up to 35% for senior employees

From May onwards, IndiGo had implemented pay cuts of up to 25 per cent for its senior employees

28 July 2020 10:51 AM IST

Gold hits record, gets more precious as dollar loses value. (AFP Photo)

Gold soars to record high as dollar drops

The precious metal had stormed almost $40 higher at one point to reach $1,980 an ounce

28 July 2020 10:24 AM IST

Oil prices rise on US stimulus hopes. (AFP Photo)

Oil prices edge higher on expected US stimulus, weak dollar

The US dollar dropped to its lowest in nearly two years against a basket of six other major currencies on back of a...

28 July 2020 9:02 AM IST

HDFC Chairman Deepak Parekh requested the RBI for a one-time restructuring of loans. (PTI Photo)

Don't extend loan moratorium, able corporates not paying loans: HDFC's...

If the moratorium is extended by another three months, then it is going to hurt us and smaller NBFCs particularly, said...

27 July 2020 4:03 PM IST

Oil slips as rising virus cases, US-China tensions weigh on markets. (AFP Photo)

Oil prices fall amid US-China tensions, increasing pandemic fears

Oil demand has improved somewhat from the deep trough of the second quarter, supporting prices, although the recovery...

27 July 2020 2:21 PM IST