Oil rose to around $80 a barrel on Tuesday, supported by concern that falling Venezuelan crude output and a potential drop in Iranian exports could further tighten global supply. Crude is trading at the highest since late 2014, underpinned by…
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India’s crude steel production grew 4.4 per cent to 8.59 million tonne (MT) during April 2018, according to official data. The country had produced 8.22 MT during the same month a year ago, the Joint Plant Committee (JPC) said in…
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In the biggest policy reform yet in the shipping sector, the Centre has allowed foreign-flagged container ships to carry export-import laden containers for transhipment and empty containers for re-positioning on local routes without a licence or conditions. A Shipping Ministry…
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Strong dollar, firmer US yields, higher oil prices do not bode well for emerging market currencies, states report Business Insider. Having been under pressure since early 2017, the US dollar index (DXY), has reversed course in recent months. It?s now…
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Drug firm Dr Reddy’s Laboratories today reported a 3.29 per cent fall in its consolidated net profit to Rs 302.2 crore for the fourth quarter ended March 31, 2018, mainly on account of continuing headwinds in the US. The company…
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A global economic upswing helped the value of assets at central banks, sovereign funds and public pension funds hit $38.7 trillion in 2017, according to new research by London-based think tank OMFIF. That was a 7 percent rise of $2.5…
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The ?equalisation levy? on online advertising fees paid by Indian customers to foreign companies like Google and Facebook is netting the government a tidy sum of money. The Centre?s EQL revenue in 2017-18 was over Rs 700 crore, much higher…
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Gold prices inched up by Rs 5 to Rs 31,880 per 10 grams at the bullion market today, halting its two-day slide on buying by local jewellers amid a firm trend overseas. Silver also reclaimed the Rs 41,000-mark by surging…
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NewsDog, an India-focused news and entertainment platform, on Tuesday announced that it has successfully completed its Series C funding round, raising $50 million, led by global internet company Tencent, followed by DHVC, Legend Capital and Dotc United Group. NewsDog was…
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Drug major Cipla on Tuesday reported a consolidated net profit of Rs 1.5325 billion for the quarter ended March 31, 2018 mainly on account of robust sales in key markets and reduction in expenses. The company had posted a net…
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