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Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Crude oil output drops 5.4 per cent

Significantly, India's dependency on imported natural gas has increased indicated by stagnant domestic production and...

15 Oct 2019 1:26 AM IST

Chairman and founder of Adani group Gautam Adani

Total to buy Adani Gas stake via open offer

As per the latest understanding, Total will first make an open offer to buy a 25.2 per cent stake in Adani Gas.

15 Oct 2019 1:15 AM IST

Reserve Bank of India

Banks can quote forex rates round the clock

The whole initiative is aimed at reducing the exchange risk for persons resident in India.

5 Oct 2019 1:50 AM IST

Nasscom President R Chandrashekhar told PTI in an interview that a new generation of users and new economic strata that are entering the digital space for the first time have necessitated focused campaigns, which promote awareness around online behaviour and threats.

DSAT test for data science skills soon

DSF will be the independent governing body for building, deploying and constantly upgrading this intervention.

4 Oct 2019 2:06 AM IST

Sluggish domestic demand from end-user segments, including automobile, consumer durable, FMCG, construction and real estate sectors, led to a slowdown in consumption growth.

Reduction in raw material prices to help steel players

Slow demand has also led to an increase in the inventory of semis products.

1 Oct 2019 2:10 AM IST

A group of brick factory workers carry bricks on their heads ahead of International Womens Day in Karad, Maharashtra. (Photo: PTI)

Fate of brick unit hangs fire for 4 years

Significantly, Kalyani Bricks & Building Materials Ltd has obtained the go-ahead from West Bengal Pollution Control...

1 Oct 2019 1:47 AM IST

Earlier, Indias spice industry had raised concerns over increase in black pepper imports from Sri Lanka since August despite local prices in the neighbouring country dropping below the MIP set by the Indian government.

Sri Lanka faults India for setting pepper MIP high

Sappta has also questioned the use of Free Trade Agreements if such restrictions prevent exports from their country.

30 Sept 2019 1:41 AM IST

As bizarre as it may sound a BJP legislator, Ramesh Arora, has been campaigning for a ban against momos in slums across Jammu.

Wow! Momo plans 40 Wow! China outlets

Wow! Momo Foods Pvt Ltd, the home-grown QSR brand, which has recently bagged $23 million from Tiger Global at a...

26 Sept 2019 2:24 AM IST

In a bid to prevent vehicle thefts or misuse of stolen vehicles, the Central government has directed auto makers to affix laser-oriented microdots in their vehicles and parts, which can be read only by microscopes under ultraviolet light sources.

Auto industry to gain most from tax cut

However, the industry itself and sector analysts are optimistic that the worst is over.

24 Sept 2019 1:55 AM IST

The closed sugar mills in the country may get a new lease of life if things move the way it has been envisaged by the Modi 2.0 government.

Government mulls reviving closed sugar mills

The move also aims at bringing down the annual crude imports of Rs 7 lakh crore substantially.

24 Sept 2019 1:34 AM IST

Giving much-needed relief to stressed sugarcane farmers, the government on Wednesday announced Rs 6,268-crore subsidy for exporting 6 million tonnes of sugar during the marketing year 2019-20 that starts from October.

Sugar industry set to start exports to China, Iran

Icra, on its parts, felt that it will be challenging to achieve six million tonne of sugar exports in 2019-20 marketing...

23 Sept 2019 12:48 AM IST

Ashmore, who specializes in traditional craft of weaving, is famous for her seminal book Muslin published by V&A Books, London, which is a comprehensive and enlightening account on the history of fabled muslins.

Call to keep alive dying tradition of weaving muslin

Ashmore was a V&A Research Fellow for several years, helping to catalogue a large part of the museum's South Asian...

21 Sept 2019 3:00 AM IST