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Friday, May 3, 2024
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Economy

Oil slides to 7-week low as demand weakens, rates stay high

By Shariq Khan NEW YORK (Reuters) -Oil prices fell to a seven-week low for the second consecutive session on Thursday, weighed by weakening global demand, rising inventories and fading hopes for an

Adani Green secures USD 400 mn from international banks for 750 MW power projects

Ahmedabad (Gujarat) , May 2 (ANI): Adani Green Energy Ltd (AGEL) announced on Thursday that it has secured USD 400 million in financing from...

Stocks rise modestly after Fed, US data; yen slightly stronger

By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global markets gained on Thursday after the Federal Reserve indicated it was keeping a dovish tilt, while the yen retreated after another suspected

RIA custodian Altruist valued at over $1.5 billion in latest funding round

(Reuters) - Altruist said on Thursday it had raised fresh capital in a funding round that gave the custodian for registered investment advisors (RIAs) a valuation of more than $1.5 billion. It raised

CAG of India, Auditor General of Nepal sign MoU to enhance collaboration in auditing

New Delhi , May 2 (ANI): Girish Chandra Murmu, the Comptroller and Auditor General of India (CAG), has signed a Memorandum of Understanding (MoU)...

Rupee falls 3 paise to 83.46 against US dollar

Mumbai, May 2 (PTI) The rupee stayed range-bound and closed 3 paise lower at 83.46 against the US dollar on Thursday amid a strong...

Coal India posts 26 pc rise in profit to Rs 8,682 cr in Q4 on higher supplies

New Delhi, May 2 (PTI) Coal behemoth CIL on Thursday reported a 26.2 per cent rise in consolidated net profit to Rs 8,682.20...

Value of Rs 2000 banknotes in circulation plummets to Rs 7961 cr, 97.76 pc returned: RBI

Mumbai (Maharashtra) , May 2 (ANI): The Reserve Bank of India (RBI) has released an update regarding the withdrawal of Rs 2000 denomination banknotes...

Oil edges back towards 7-week low after resilient US jobs data

By Robert Harvey and Deep Kaushik Vakil LONDON (Reuters) -Oil edged back towards the previous day's seven-week low on Thursday, paring earlier gains, after U.S. data pointed to persistent labour

Coal India net profit up 26 pc in Q4’FY24 to Rs 8,640 cr

Kolkata, May 2 (PTI) Coal India on Thursday said its consolidated net profit has jumped nearly 26 per cent to Rs 8,640 crore...

On Camera

How govt brought Vodafone Idea back from the brink & earned a neat profit in the process

In 2021, the government allowed telcos to convert interest on deferred spectrum payments and AGR dues into equity. This made it the single largest stakeholder in Vodafone Idea.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.