Business Today

Five factors why Sensex fell 536 points, Nifty closed below 11,000 level today

While the Sensex closed 536 points or 1.46% lower to 36,305, the Nifty lost 175 points or 1.58% to trade at 10,967 level. This is the weakest closing since July 11 when it settled at 36,265.93. The Sensex has lost 1,249.04 points in the previous four sessions.

Indian refiners plan to reduce oil imports in the face of rising Brent, falling rupee

The refinery officials' plan to cut imports illustrates that rising crude prices and emerging market currency weakness may start causing oil demand to decline in a number of markets that have so far seen healthy crude consumption.

Brent crude climbs to 4-year high of $80.94 a barrel, traders eye $100 by 2019

Brent crude, the international oil benchmark, jumped 2.6 per cent on Monday, its highest since 2014, after Saudi Arabia-led OPEC and Russia stopped short of pledging to boost crude output ahead of US sanctions on Iran.

Another fraud escapes like Nirav Modi! Nitin Sandesara flees to Nigeria without paying Rs 5,000 crore to banks

The ED had registered a money laundering case against Sterling Biotech and its promoters, the Sandesara brothers, last October, taking cognisance of a CBI FIR on charges of alleged corruption.

Maharashtra, Tamil Nadu and Karnataka account for 40% of retail loans: Report

As of June, retail balances in Maharashtra were the highest at Rs 5,50,200 crore, representing nearly 20 percent of all the retail advances in the country.

 
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From The Magazine

Need to Avoid Panic

After the rupee plunged to new lows against the dollar, having depreciated to close to 73, the government has finally acted by announcing a slew of measures to prop up the currency.