Abu Dhabi is part of the United Arab Emirates that cut ties with Qatar in 2017 over accusations of supporting terrorism

State-owned UCO Bank is expected to announce the payment mechanism in the next 10 days.

Rising price warfare in India has hurt Jet which competes with no-frills, low-cost carriers like InterGlobe Aviation Ltd's IndiGo and SpiceJet Ltd.

Ahead of polls, govt allows OMCs to open over 55,000 new petrol pumps; PMO cites RTI Act clause to deny info on black money brought from abroad; prices of TV, home appliances may go up 7-8 pc from next month; Facebook to train 5 mn people with digital skills by 2021. Watch Business Wrap.

Ahead of polls, govt allows OMCs to open over 55,000 new petrol pumpsAhead of the general elections next year, the government for the first time in the last four years allowed the state-run oil marketing companies to go for a massive expansion of their retail operations by opening close to 56,000 new fuel pumps across the country. The move will boost employment generation by thousands and an investment of thousands of crores of rupees. For the first time, the OMCs have invited bids from priva...

InterGlobe Aviation, which operates the country's largest airline IndiGo's Chairman Devadas Mallya Mangalore passed away on Sunday

However, crude oil's fall to one-year low in the global market on excess supply concerns, capped the fall in the indices. The 30-share, after rising briefly to 35,494.25 at the outset, quickly slipped into the negative terrain in line with a weak trend at other Asian markets and touched a low of 35,112.49.

The Indian market too welcomed the fall in international oil prices and opened marginally higher higher but quickly slipped into the red in line with its international counterparts.

Oil prices posted the deepest plunge in more than three years in the international market. Brent crude, used to price international oils, dropped to $65.17 a barrel. Oil has now fallen roughly 30 percent for 12 straight days, driven by worries over rising oil production around the world and weakening demand from developing countries, with expectations for increased supply from the US and OPEC.

Brent crude prices were trading at $68.15 per barrel, down 2.08% from their previous close. Benchmark US crude fell 78 cents to $59.15 per barrel in electronic trading on the New York Mercantile Exchange. The contract sank 26 cents on Monday to $59.93.