Nidhi Verma NEW DELHI (Reuters) – Indian Oil Corp (IOC) (IOC.NS), the country’s top refiner, reported a 47% decline in its June quarter net profit to 19.11 billion rupees ($255.53 million), as coronavirus lockdowns hammered fuel demand and squeezed margins. First-quarter revenue fell by about 41% to 889.37 billion rupees. Lockdowns around the world have […]
Manoj Kumar A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad, India, September 20, 2018. REUTERS/Amit Dave/Files NEW DELHI (Reuters) – India’s fiscal deficit touched a record $88.5 billion in the April-June quarter, 83.2% of the target for the whole of the current fiscal year, reflecting the impact of […]
Manoj Kumar NEW DELHI (Reuters) – India on Wednesday approved a plan to allow foreign universities to open campuses in the country as part of efforts to boost education to strengthen the economy as it struggles with the impact of the coronavirus pandemic. Politicians affiliated with the left as well as Prime Minister Narendra Modi’s […]
Nupur Anand, Manoj Kumar MUMBAI/NEW DELHI (Reuters) – Thousands of Indian exporters have been hit hard by new tax regulations, forcing some to close as doing business becomes more difficult. New Delhi said in June it had identified thousands of exporters that had claimed tax rebates based on bogus invoices and would require them to submit […]
Stephanie Kelly NEW YORK (Reuters) – Oil prices edged lower on Friday, pressured by tensions between the United States and China, but some supportive economic data in Europe tempered losses. Brent crude futures fell 13 cents to $43.18 a barrel by 11:19 a.m. EDT (1519 GMT). U.S. West Texas Intermediate (WTI) crude futures fell 5 […]
NEW DELHI (Reuters) – India is working on offering production linked incentives for up to five sectors to boost domestic manufacturing, a top finance ministry official said on Thursday, bolstering efforts to attract new investments in the coronavirus-stricken economy. A commuter walks past the building of India’s Ministry of Finance during dusk in New Delhi, […]
Rajendra Jadhav MUMBAI (Reuters) – Gold prices in India rose above the psychologically important 50,000 rupees level for the first time on Wednesday, as expectations of more stimulus to resuscitate pandemic-hit economies lifted the metal’s appeal as an inflation-hedge. Local gold futures reached an all-time high of 50,085 Indian rupees ($671.61) per 10 grams on […]
Raphael Satter, Christopher Bing WASHINGTON (Reuters) – The U.S. Justice Department indicted two Chinese nationals for hacking defense contractors, COVID researchers and hundreds of other victims worldwide, according to a court filing published on Tuesday. FILE PHOTO: The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu […]
Aftab Ahmed, Nupur Anand NEW DELHI/MUMBAI (Reuters) – India is looking to privatise more than half of its state-owned banks to reduce the number of government-owned lenders to just five as part of an overhaul of the banking industry, government and banking sources said. FILE PHOTO: Commuters walk past a bank sign along a road in […]
CERT-In has also asked Twitter for information on number of users from India who have visited the malicious tweets and links. Press Trust of India SOPA IMAGES VIA GETTY IMAGES POLAND – 2020/07/15: In this photo illustration a Twitter logo is seen displayed on a smartphone. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images) […]
