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Global oil prices fell sharply on Thursday after comments from US President Donald Trump eased worries about unrest in Iran and possible disruptions to crude supplies.West Texas Intermediate crude fell 3.0% to $60.16 a barrel, while Brent slipped 2.93% to $64.57. The decline came after Trump said he had been informed that the killing of…
HDFC Bank’s shares were lower by 1 per cent at Rs 942 on Thursday, marking its fourth consecutive day of fall. HDFC Bank shares have already slumped 4 per cent amid earnings concerns with the third-quarter earnings to be out on January 17.Despite this slowdown, analysts are hopeful about the overall performance of the bank…
US employers posted significantly fewer job openings in November, signalling that hiring remains subdued even as economic growth has picked up, according to data released by the Labor Department. Businesses and government agencies reported 7.1 million open jobs at the end of November, down from 7.4 million in October. While hiring remained weak, layoffs also…
Equity indices extended their decline on Wednesday, with the Sensex and the Nifty ending lower for a third consecutive session as sustained selling in heavyweight stocks, rising geopolitical unease and weak global cues dented investor confidence. The BSE Sensex has shed over 1,144 points in the past three sessions, sliding from a close of 85,762.01…
India’s Sumit Nagal (AP/PTI) Bengaluru: Sumit Nagal dropped his kit bag and stared at it for a moment before reaching for his rackets. He could barely look at the graphite sticks. A part of him wanted to obliterate them. The 28-year-old had just lost in straight sets to Frenchman Geoffrey Blancaneaux in the first round…
India’s largest institutional investor, Life Insurance Corporation of India (LIC), has seen the value of its investment in ITC erode by Rs 10,445 crore over just two sessions, after the FMCG major’s shares plunged sharply following a steep hike in cigarette duties, ET reported.LIC held a 15.86 per cent stake in ITC, equivalent to about…
Rupee on Wednesday snapped a five-day losing streak, recovering 55 paise from its all-time low to close at 90.38 (provisional) against the US dollar, helped by suspected aggressive intervention by the Reserve Bank of India (RBI).At the interbank foreign exchange market, the rupee opened weak at 91.05 per dollar but staged a sharp rebound to…
Rupee continued its downward rally on Monday, falling to an all-time low of 90.58 against the US dollar. This dip marks second week of record lows after the currency fell to 90.55 against USD earlier, on Friday.The currency is struggling with familiar headwinds, weighed down by delays in a US trade deal, persistently weak capital…
Rupee slipped to a record low of 90.52 against the US dollar, in early trade on Friday, extending its sharp decline this year amid ongoing challenges in the India-US trade talks.This comes after the currency fell 90.46 against the dollar on Thursday, breaching its previous record of 90.42, which was set on December 4.Experts have…
The rupee closed at a new all-time low of 90.32 against the US dollar on Thursday, sinking 38 paise, as uncertainty around the India-US trade deal and continued foreign fund outflows pressured the currency, PTI reported.The local unit opened at 89.95, weakened further through the session and hit a record intra-day low of 90.48, before…
