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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.

Iraq replaces Saudi as top oil supplier to India in August: report

Overall India's monthly oil imports in August rose 3.1 per cent to about 4.7 million barrels.

11 Sept 2018 9:18 AM IST

The official said that in the last five years rupee was stable against all the major currencies except dollar.

FinMin in touch with RBI for market intervention to contain rupee...

Current Account Deficit which is the difference between inflow and outflow of foreign exchange, rose to USD 18 bn.

11 Sept 2018 9:09 AM IST

The Centre levies a total of Rs 19.48 per litre of excise duty on petrol and Rs 15.33 per litre on diesel.

Govt rules out excise duty cut as fuel prices hit fresh high

A one rupee per litre cut in taxes would result in revenues being hit by Rs 30,000 crore on an annualised basis.

11 Sept 2018 8:41 AM IST

Congress chief spokesperson Randeep Surjewala termed the claim made by Shah at the BJP national executive meeting as Mungerilal ke Haseen Sapne -- a famous TV serial in which the main character was always daydreaming. (Photo: PTI)

BJP 'daydreaming' of 50-yr-rule, India can't become North Korea:...

Randeep Surjewala said those who do not believe in democracy and are not sure of getting votes, talk about such things.

11 Sept 2018 8:36 AM IST

Philippines national carrier Philippines Airlines has appointed Bird Travels as its general sales agent.

Airlines bleed as big chunk of payments made in dollars

Rupee woes spread across sectors; govt-RBI in combat mode.

11 Sept 2018 8:33 AM IST

People excluded from Assam Citizens' list to be deported: Ram Madhav

Ram Madhav said no country in the world tolerates illegal immigrants but India has become a 'dharamshala'.

11 Sept 2018 7:40 AM IST

Legal opinion divided on pardon powers of Tamil Nadu Governor

The fact that LTTE is not in existence is also a relevant factor before the Governor to accept the recommendation.

11 Sept 2018 2:00 AM IST

Calling the Congress anti-reform, Union Minister Ravi Shankar Prasad said the party that came up with Aadhaar is today its worst critic. (Photo: Twitter | ANI)

Momentary difficulty: Centre defends rise in fuel prices

Ravi Shankar Prasad claimed people understood govt point of view and refused to support 'Bharat Bandh' call given by...

10 Sept 2018 9:02 PM IST

ICICI Banks tier-I capital adequacy ratio stood at 15.92 per cent and the total capital adequacy at 18.42 per cent by end-March 2018.

Corporate Affairs Ministry summons Deepak Kochhar in ICICI Bank scam

Deepak Kochhar is the Founder and CEO of NuPower Group, as per its website.

10 Sept 2018 7:50 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Google ready to comply with RBI norms for payment services, says...

Google wants time until December to comply with it.

10 Sept 2018 7:44 PM IST

The Economic Surveys second part, that was tabled by the government in Parliament on Friday, indicated that the economic growth was unlikely to accelerate in the current fiscal and it will be difficult for GDP to touch the higher rate of 7.5 per cent in 2017-18 as projected earlier.

India's economic growth to slow in second half of this fiscal: UBS

The Indian economy grew at a two-year high of 8.2 per cent in the April-June quarter of current fiscal.

10 Sept 2018 5:44 PM IST

Sonia Gandhi and Rahul Gandhi

Delhi HC rejects Sonia Gandhi, her son Rahul's plea in tax case

A bench of Justices S Ravindra Bhat and A K Chawla said, 'The writ petitions have failed'.

10 Sept 2018 5:38 PM IST