BUSINESS NEWS
Gold Prices Inch Lower Amid Stronger Dollar Offsetting Safe-haven Buying
Spot gold eased 0.2% to $1,683.08 per ounce by 0347 GMT, after touching a near two-week low on Tuesday as the oil rout triggered a panic sell-off in wider markets, fuelling a rush for liquidity. s…
BUSINESS NEWS
Rupee Plummets to All-time Low of 76.88 Against US Dollar Amid Rising Covid-19 Cases
The rupee opened weak at 76.86 at the interbank forex market and then fell further to 76.88, down 5 paise over its last close. source
BUSINESS NEWS
Sensex Rises Over 200 Points in Opening Trade, RIL Soars Over 6% After Facebook-Jio Deal
This deal makes Facebook the largest minority shareholder in Jio Platforms, which is part of Reliance Industries. source https://www.news18.com/news/business/sensex-rises-over-200-points-in-opening…
BUSINESS NEWS
Facebook-Jio Partnership Will be Catalyst to Make India World's Leading Digital Society, Says Mukesh Ambani
In a video statement, Ambani said he is delighted to welcome Facebook as a long-term partner and said the two companies will together accelerate India’s digital transformation to empower, enable and …
BUSINESS NEWS
Global CEOs See U-shaped Recession Due to Coronavirus Pandemic: Survey
The pandemic has killed nearly 170,000 people, routed financial markets and could trigger the worst economic meltdown since the 1930s Great Depression. source https://www.news18.com/news/business/g…
BUSINESS NEWS
Oil Prices Keep Crumbling, Stocks Around the World Tumble
Oil's chaotic collapse deepened, and stocks around the world dropped on Tuesday as the economic carnage caused by the coronavirus pandemic turns markets upside down. source https://www.news18.c…
BUSINESS NEWS
Raghuram Rajan Cautions Against Giving Communal Colour to Coronavirus
Rajan, 57, who headed RBI for three years until September 2016, said nationalism that was already pretty strong before the virus is getting accentuated by the effects of COVID-19. source https://ww…
BUSINESS NEWS
Saudi Arabia Says Closely Monitoring Oil Markets and Ready to Act
The cabinet reiterated that the kingdom is constantly working to achieve stability in the oil market, reaffirming a commitment along with Russia to implement agreed output cuts over the next two year…
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