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Brent oil rises to $40 amid hopes for output cuts, recovery

Oil rose on Wednesday, with Brent at $ 40 for the first time since March, as optimism mounted that major producers will extend production cuts and a recovery from the

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GMR Group cuts employees#39; salary by up to 50% due to COVID impact

Battling against challenges in the wake of the COVID-19 pandemic, diversified conglomerate GMR Group has revised downwards employees’ salary by up to 50 percent with effect from May, a source

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Oil prices inch up ahead of OPEC meeting on extended output cuts

Oil prices crawled higher on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a meeting expected later

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MCX announces pay cuts for senior employees

Multi Commodity Exchange of India (MCX) on June 1 decided to implement salary cuts for its senior staff and put some junior officials’ increments on hold. The exchange is taking

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PNB cuts repo-linked lending rate by 40 bps to 6.65%

The lender has cut its saving fund deposit rate by 50 bps with a maximum of 3.25 per cent, effective July 1, a release said. Punjab National Bank (PNB), the

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MCX announces pay cuts for senior staff, junior officials’ increments on hold

Multi Commodity Exchange of India (MCX) on June 1 decided to implement salary cuts for its senior staff and put some junior officials’ increments on hold. The exchange is taking

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Voltas share price rises 9% post Q4 numbers; Credit Suisse cuts target price

Voltas share price rose 9 percent in early trade on June 1 after the company reported its Q4 numbers. The

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Oil slides on US-China tensions, doubts about Russian output cuts

Oil futures tumbled on Wednesday after U.S. President Donald Trump said he was working on a strong response to China’s

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Tesla cuts prices by as much as 6% in North America to boost demand

Tesla Inc has cut prices of its electric vehicles by as much as 6% in North America following a decline

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SBI cuts fixed deposit interest rates by 40 bps; check out latest FD rates

India’s largest public sector bank State Bank of India (SBI) on May 27 cut fixed deposit interest rate by 40 basis points across

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#39;More rate cuts seen but won#39;t be effective unless credit, economic activity picks up substantially#39;

While it is positive sentimentally, the reverse repo rate is the effective policy rate right now, and thus, more effective

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Oil climbs as suppliers stick to output cuts, coronavirus lockdowns ease

U.S. West Texas Intermediate (WTI) crude futures gained 2.3%, or 75 cents, to $ 34.00 as of 0057 GMT. There

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India sharply cuts exposure to US govt securities to $156.5 billion in March

After increasing the holding of US government securities for two straight months, India sharply trimmed its exposure by a staggering

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In pics | RBI cuts repo rates: See these high FD rates before banks cut them

The move came in the wake of COVID-19 related relief measure. Banks all set to drop FD rates as RBI

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Coronavirus pandemic | In 2020 so far, RBI cuts repo rate by 115 bps

Earlier in wake of the coronavirus pandemic, the MPC had cut the repo rate by a massive 75 basis points

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The Market Podcast | RBI’s Friday spoiler, but see more rate cuts on cards: Rusmik Oza

It was a volatile week for Indian markets, but a sharp selloff on Friday wiped out the gains, and both

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Not looking at any cuts in personal or indirect taxes at present: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said the economic stimulus package unveiled by the government under the Atmanirbhar Bharat Abhiyan will enable

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Bajaj Finance share price up over 2% post Q4 numbers; Credit Suisse cuts target

Bajaj Finance share price rose 2.6 percent in early trade on May 20 after the company announced its Q4 numbers.

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Oil prices lifted for fourth day by signs of output cuts and demand pick-up

Oil prices rose on Tuesday, extending gains for a fourth straight session, amid signs that producers are cutting output as

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