Day: October 29, 2018

After years of global success, Reliance Industries faces oil shock at home

SINGAPORE/NEW DELHI : eliance Industries, currently India’s second most valuable listed company, got rich by trading fuel across Asia, Africa and Europe while effectively ignoring its home market. Reliance’s refineries processed crude from the nearby Middle East and sold fuel to fast-growing markets in North Asia including China, Japan, […]

HSBC sees limited impact on Saudi Arabia investment following journalist death: CEO

LONDON : Saudi Arabia is unlikely likely to see significant impact on its trade and investment flows following the killing of journalist Jamal Khashoggi, the chief executive of Europe’s biggest bank HSBC said on Monday. “It has been a difficult few weeks for the kingdom, this has not […]

Financial markets rise on liquidity plan, shake off row between RBI, government

MUMBAI : India’s financial markets rose on Monday, shrugging off concerns about a growing spat between the central bank and the government and preferring to take solace from plans for a big liquidity injection by the bank. On Friday night, Reserve Bank of India (RBI) Deputy Governor Viral […]

Trump’s Iran sanctions resolve faces test from oil-thirsty China, India

WASHINGTON/SINGAPORE : Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero. The strategy is meant to cripple […]

Afghan election commission officials injured in blast near Kabul headquarters

KABUL : A suicide bomber detonated explosives near Afghanistan’s election commission headquarters in Kabul on Monday, injuring at least six people, officials said. At least four officials of the Independent Election Commission (IEC) and two policemen were wounded in the attack, said Najib Danish, a spokesman for the […]

India and Pakistan share ACT hockey title, Akashdeep named best player

Muscat : India’s Akashdeep Singh was adjudged player of the tournament but the team had to share the Asian Champions Trophy with Pakistan after the much-anticipated summit clash was abandoned due to heavy downpour here. Heavy rain delayed the start of the final on late Sunday night and even […]

Priyanka Chopra’s pre-wedding celebrations begin in NYC

New York : Priyanka Chopra celebrated her bridal shower Sunday night ahead of her wedding with Amiercan singer Nick Jonas. The 36-year-old Indian star looked gorgeous in a white strapless Marchesa dress as she partied with her close friends at Tiffany’s Blue Box Cafe in New York City. The […]

Koregaon-Bhima: SC stays Bombay HC order refusing police time for filing charge sheet

New Delhi : The Supreme Court Monday stayed the Bombay High Court order refusing extension of time to the state police for filing charge sheet in the Koregaon-Bhima violence case. Recently, the Bombay High Court had set aside the lower court’s order allowing extension of time to police to […]

‘In one day’ safety of longtime Jewish enclave shattered

PITTSBURGH— In a city known for its Jewish population, the neighborhood was the faith’s spiritual heart and the synagogue a cornerstone of the community. For generations, Squirrel Hill has been known as one of Pittsburgh’s most special enclaves, where the Tree of Life temple stood as a welcoming […]

Sensex snaps 2-day losing streak; recovers over 150 points

Mumbai : The BSE Sensex recovered over 173.33 points in opening trade Monday on sustained buying in recently battered stocks amid strength in the rupee. The 30-share Sensex, which lost 340.78 points Friday, recovered by 173.33 points, or 0.52 per cent, to 33,522.64. Positive trend appeared in some sector […]

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