Chennai (IANS) At a time when India is largely unbanked or underbanked with a low density of banks, the merger of banks will result in the killing of branches and would divert attention from recovering huge outstanding loans, said a top leader … read more
Mumbai (IANS) Broadly negative Asian stock exchanges along with a rise in global crude oil prices and domestic political uncertainty pulled the key indices of the Indian equity market lower during the morning trade session on Monday. According to market observers, heavy … read more
Vienna (IANS) The Organization of the Petroleum Exporting Countries (OPEC) and allied producers agreed to lower their production of crude oil by 1.2 million barrels per day for a six-month period. The measure, which was spearheaded by Russia, will come into effect … read more
Mumbai (IANS): Broadly negative global cues and caution ahead of the RBI policy pushed the key indices during the afternoon session on Wednesday to trade over 0.5 percent lower from their previous close . All the sectoral indices on BSE … read more
Gurugram (IANS) Samsung India is planning to hire over 300 engineers from the Indian Institutes of Technology (IIT) this placement season to strengthen its Research and Development (R&D) operations in the country, a company spokesperson said on Tuesday. Company officials from three … read more
San Francisco (IANS) An investigation by Ireland’s Data Protection Commission (DPC) found that LinkedIn had processed hashed email addresses of approximately 18 million non-LinkedIn members and targeted these individuals on Facebook without necessary permission, a new report has revealed. The … read more
Washington (IANS) A new US government report has delivered a dire warning about climate change and its devastating impacts, saying that the economy could lose hundreds of billions of dollars by the end of the century. The federally mandated study “Fourth … read more
Beijing (IANS) The People’s Bank of China (PBOC) suspended open market operations on Thursday, citing abundant liquidity in the financial system. It was the 20th consecutive working day for PBOC to skip open market operations — a record long time span since … read more
Washington (IANS) US President Donald Trump on Monday urged Saudi Arabia and the Organization of the Petroleum Exporting Countries (OPEC) not to cut their oil production. Trump tweeted, “Hopefully, Saudi Arabia and OPEC will not be cutting oil production. Oil prices … read more
Mumbai (IANS): Riding on firm global cues, the domestic markets ended higher on Wednesday, as the key equity indices — S&P BSE Sensex and Nifty50 — jumped over 1.60 percent each, driven by banking and finance counters. However, the markets … read more