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PTI
September 20, 2018
Oil refiners such as state-owned Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) could use UCO Bank or IDBI Bank to route oil payments to Iran.


Reuters
New Delhi, September 20, 2018
Iran's Naftiran Intertrade Co Ltd, a trading arm for state-owned National Iranian Oil Co, owns a 15.4 per cent stake in Chennai Petroleum, which has two refineries with a total combined capacity of 230,000 barrels of oil per day.


PTI
Mumbai, September 19, 2018
The rupee opened higher at 72.71 against its record closing low of 72.98 Tuesday and touched a session high of 72.34 in day trade as crude oil prices eased globally.


BusinessToday.In
September 19, 2018
On Tuesday, the rupee closed at its all time low of 72.98, falling 47 paise against the US currency due to surging crude oil prices and escalating trade war worries. Earlier in the day, the Indian currency hit a historic low of 72.99 in late afternoon deals.


BusinessToday.In
September 18, 2018
Continuing its intermittent fall against the US dollar, the Indian rupee dived to another all-time low of 72.98 on Tuesday. The currency has lost over 13 per cent in value against the greenback since the beginning of the year.


BusinessToday.In
September 18, 2018
The rupee fell 46 paise to close at 72.97 level, its lowest ever against the US dollar in trade today which dampened market sentiment. The Indian currency had closed at 72.51 to the dollar on Monday. Led by the sharp fall in stocks, the market capitalisation (m-cap) of BSE-listed companies plunged by Rs 2,72,549.15 crore to Rs 1,53,64,470 crore since Friday.


BusinessToday.In
September 17, 2018
The merged entity or amalgamated bank would be India's third largest.


BusinessToday.In
September 17, 2018
The bonds are directly pegged to the Indian currency. So, investors will directly take the currency risk or exchange rate risks. If the value of Indian currency falls, the foreign investor will have to bear the losses, not the issuer which is an Indian entity or a corporate.


Rajeev Dubey
New Delhi, September 17, 2018
World economy is still precariously poised, thanks to the tariff war.


Manu Kaushik
New Delhi, September 17, 2018
The aviation sector is facing headwinds as some airlines grapple to cut costs and others struggle to stay afloat.


Reuters
September 15, 2018
India's loadings from Iran for this month and next will drop to less than 12 million barrels each, after purchases over April-August had been boosted in anticipation of the reductions.


BusinessToday.In
September 15, 2018
Finance Minister Arun Jaitley said that external factors like policies adopted by the United States, trade tensions and skyrocketing crude oil prices are impacting economies like India, despite \"strong fundamentals\".


PTI
September 14, 2018
All sectoral indices ended in the green, led by realty, power, consumer durables and metals. Brokers said sentiment was bullish on continuous recovery in the rupee amid reports that the government may announce steps to prop up the domestic unit.


Mudit Kapoor
September 14, 2018
The 15-member OPEC (The Organisation of the Petroleum Exporting Countries) cartel pumped 32.98 million barrels per day last month. The rise in production was last matched in October 2017.


BusinessToday.In
September 14, 2018
At 9:57 am, the Sensex rose 205 points to 37,923 level. The Nifty too gained 72.85 points to 11,442 points. Brent crude, which hit $80 per barrel two days ago, was trading at $78.25 a barrel.


BusinessToday.In
New Delhi, September 14, 2018
A litre of petrol is being sold for Rs 84.49 in Chennai, while it is Rs 83.14 in Kolkata. Diesel is being sold at Rs 77.49 in Chennai and Rs 75.36 in Kolkata.


BusinessToday.In
New Delhi, September 12, 2018
The Indian currency hit a fresh record low of 72.91 against the dollar on Wednesday, only to recover to Rs 72.35. The currency has fallen over 13 per cent against the dollar since January.


BusinessToday.In
September 12, 2018
While the Sensex rose 325 points to hit an intra day high of 37,738, the Nifty recovered 93 points to touch 11,380 level. Top gainers on the Sensex were Adani Ports (2.82%) , Sun Pharma (2.77%) and ITC  (2.59%).


BusinessToday.In
September 12, 2018
On Tuesday, foreign institutional investors pulled out Rs 1,454 crore from the Indian stock markets-their highest daily outflow in over three months. Brent crude, used to price international oils, gained 57 cents to $79.63 a barrel.


PTI
September 11, 2018
The continuing plunge in the Indian rupee, coupled with the rising crude prices, will give the states a windfall in tax revenues to the tune of Rs 22,700 crore over and above the budget estimates for the current fiscal.


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