US Federal Reserve officials agreed during their two-day meeting in October that future rate cuts are unlikely as long as the economy stays on track, according to the minutes of the Fed's latest monetary policy meeting. "Most participants judged that the stance of policy, after a 25 basis point ...
Markets traded near-record levels on Thursday after opening in the green. The Sensex was up 38 points at 40,690.46 from its previous close of 40,651.64 while the Nifty traded higher by 5 points at 12,004.45. Telecom stocks fell on Thursday after strong performance over the last few ...
US President Donald Trump who visited Apple's Austin-based Mac Pro plant has said the government is "looking at" whether Apple should be exempt from China tariffs. "When you build in the United States, you don't have to worry about tariffs," he said, accompanied by CEO Tim Cook as he toured the Mac Pro computer ...
Pushing the pedal on its disinvestment programme, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved strategic disinvestment in five large public sector undertakings (PSU) -- BPCL, CONCOR, SCI, THDC and NEEPCO -- along with change in management control in these companies....
Global credit conditions in 2020 will weaken as a result of growing risks of an economic downturn, trade policy uncertainty and the effects of an unpredictable political and geo-political environment, Moody's Investors Service said on Tuesday. Although Moody's does not expect a recession in 2020, recession risks are building,...
India could have more foreign banks soon as in the case of other Asian countries like China, Singapore and Hong Kong with 15 overseas banks have been in touch with the Central Bank, to open branches in the country. As per RBI Data, already 46 foreign banks are operating in India including two...
With NewSpace India Ltd bagging the contract for the launch of 13 nano satellites from the US, the question that begs an answer - is it going to be curtains for Antrix Corporation Ltd? On Monday, the Indian Space Research Organisation (ISRO) announced the launch ...
Even as the government is mulling increasing the insurance cover for bank deposits, the All India Bank Employees' Association (AIBEA) has demanded scrapping of such insurance cover for public sector bank deposits. In a letter to Finance Minister Nirmala Sitharaman on Monday, the General ...
World's largest oil company Aramco is yet to make up its mind to participate in disinvestment of Indian fuel refiner and retailer Bharat Petroleum Corporation Ltd (BPCL) where government intends to sell its entire 53.29 per cent stake to a strategic investor....
The San Francisco-based Pacific Gas and Electric Company (PG&E) has said that strong winds could lead to another power outage in Northern California this week....