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Oil prices shoot above $95 per barrel ahead of OPEC+ meet

Published on Aug 02, 2022 10:32 PM IST
Other than the meeting scheduled on Wednesday, US China tension over Taiwan amid US House Speaker Nancy Pelosi’s visit to the island has also created uncertainty in market over fears of military escalation.
Representational image(REUTERS)
Representational image(REUTERS)
Bloomberg | | Posted by Nisha Anand

Uber likely to sell 7.8% stake in Zomato, says report 

The offer size of $373 million was based on the lower end of a 48-54 rupee price range set for the block deal, the document showed.
A screen displays the company logo for Uber Technologies Inc at the New York Stock Exchange.(Reuters file photo)
A screen displays the company logo for Uber Technologies Inc at the New York Stock Exchange.(Reuters file photo)
Published on Aug 02, 2022 07:04 PM IST
Reuters |

Sensex extends winning run to 5th straight session, closes 21 points higher

The 30 stock S&P BSE Sensex ended the day at 58,136.36 points, which is 20.86 points or 0.04 per cent higher when compared with its previous day's close at 58,115.50 points.
The Sensex closed in the positive for the fifth consecutive session.(REUTERS)
The Sensex closed in the positive for the fifth consecutive session.(REUTERS)
Published on Aug 02, 2022 03:37 PM IST
ANI | , New Delhi

Pelosi’s Taiwan trip hits China stocks amid fears of military escalation

Traders are bracing for US House Speaker Nancy Pelosi’s expected arrival in Taipei Tuesday to raise tensions with China, with stocks sliding and haven assets such as the yen and Treasuries climbing.
US Speaker of the House, Nancy Pelosi, Democrat of California, speaks during her weekly press briefing on Capitol Hill in Washington, DC.(AFP)
US Speaker of the House, Nancy Pelosi, Democrat of California, speaks during her weekly press briefing on Capitol Hill in Washington, DC.(AFP)
Published on Aug 02, 2022 02:58 PM IST
Bloomberg | | Posted by Nisha Anand

Tips for millennials for a sound financial planning

Economist and finance expert Sharad Kohli shares some tips for the millennials to manage their finances well
Sharad Kohli
Sharad Kohli
Published on Aug 02, 2022 12:41 PM IST
ByShruti Das

Many nations see new records as inflation bites hard: 10 points

New records are being witnessed in South Korea, Japan, Australia, Pakistan among other nations amid inflation. 
A sign with exchange currency values of the unofficial so-called 'Blue Dollar' --generally quoted at almost double the official rate-- is displayed in the window of a store in Buenos Aires, on August 1, 2022. - Inflation for the first half of this year alone topped 36 percent in Argentina, and is predicted to reach 80 percent by the year's end.(AFP)
A sign with exchange currency values of the unofficial so-called 'Blue Dollar' --generally quoted at almost double the official rate-- is displayed in the window of a store in Buenos Aires, on August 1, 2022. - Inflation for the first half of this year alone topped 36 percent in Argentina, and is predicted to reach 80 percent by the year's end.(AFP)
Published on Aug 02, 2022 11:41 AM IST
By | Edited by Swati Bhasin

Oracle lays off employees in marketing, customer service divisions

Oracle layoff: Some workers were told Monday that their positions had been eliminated, according to four people with direct knowledge of the matter. Junior sales employees as well as a division sales director were among those let go.
The job reductions come as Oracle looks to health care to spur the company’s effort in the competitive market for cloud technology.(Reuters)
The job reductions come as Oracle looks to health care to spur the company’s effort in the competitive market for cloud technology.(Reuters)
Published on Aug 02, 2022 11:30 AM IST
Bloomberg |

Is the US economy in recession? Here are 8 offbeat indicators to watch

Technically, the call is made by a panel of experts looking at monthly indicators of employment, consumer spending, personal income and manufacturing, among others. But with inflation at a four-decade high, many Americans already feel like the country is in a recession.
With inflation at a four-decade high, many Americans already feel like the country is in a recession(AP Photo)
With inflation at a four-decade high, many Americans already feel like the country is in a recession(AP Photo)
Published on Aug 02, 2022 10:56 AM IST
Bloomberg |

Markets open in red: Sensex falls 170 points, below 58,000; Nifty under 17,300

  • Domestic equities slipped as oil prices extended losses from the previous session, heightening investor fears of a recession due to weak manufacturing data in China, Europe and the United States.
A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India. (File image)(REUTERS)
A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India. (File image)(REUTERS)
Published on Aug 02, 2022 09:23 AM IST
Reuters | | Posted by Sharmita Kar

Record 72.42 lakh ITRs filed on July 31 deadline; cumulative count at 5.83 crore

"The surge of filing ITRs peaked on July 31, 2022 (due date for salaried taxpayers and other non-tax audit cases) with over 72.42 lakh ITRs being filed on a single day," according to an official statement issued on Monday.
This time, the Union government refused to extend the July 31 deadline for ITR filing.(Representational image)
This time, the Union government refused to extend the July 31 deadline for ITR filing.(Representational image)
Published on Aug 01, 2022 09:56 PM IST
By | Written by Harshit Sabarwal, New Delhi

North Koreans suspected of using fake resumes to steal crypto

The fraudsters are plundering job listings on LinkedIn and Indeed, incorporating details they find on legitimate profiles into their own resumes in order to try getting hired at US cryptocurrency firms, according to security researchers at Mandiant Inc.
By collecting information from crypto companies, the researchers said, North Koreans can gather intelligence about upcoming cryptocurrency trends.(REUTERS)
By collecting information from crypto companies, the researchers said, North Koreans can gather intelligence about upcoming cryptocurrency trends.(REUTERS)
Published on Aug 01, 2022 07:41 PM IST
Bloomberg |

UAE’s trade pacts with India, Israel to help tripartite cooperation: Al Marri

UAE economy minister Abdulla Bin Touq Al Marri said the India-UAE free trade agreement is expected to drive non-oil trade to $100 billion in 5 years
UAE economy minister Abdulla Bin Touq Al Marri said the UAE-India FTA is a flexible deal that allows the inclusion of new elements in areas such as digital.
UAE economy minister Abdulla Bin Touq Al Marri said the UAE-India FTA is a flexible deal that allows the inclusion of new elements in areas such as digital.
Updated on Aug 01, 2022 07:15 PM IST
By, Hindustan Times, New Delhi

Goldman sees 25% Australia recession odds, 30-35% in New Zealand

Goldman economists reviewed 75 years of data to identify leading indicators of recessions in the antipodean economies and quantify the risks over the next year.
Goldman’s model looked at a suite of variables including the spread between 2- and 10-year government bond yields, cash rate, inflation, house prices and business sentiment. (Representation Image)(REUTERS)
Goldman’s model looked at a suite of variables including the spread between 2- and 10-year government bond yields, cash rate, inflation, house prices and business sentiment. (Representation Image)(REUTERS)
Published on Aug 01, 2022 04:31 PM IST
Bloomberg | | Posted by Lingamgunta Nirmitha Rao

Rupee rises by 22 paise to close at 79.02 against US dollar

The rupee touched a high of 79.00 and a low of 79.22 before settling at 79.02 (provisional).
Representational image. 
Representational image. 
Published on Aug 01, 2022 04:18 PM IST
PTI |

Markets rally for 4th day; Sensex reclaims 58,000-mark

The 30-share BSE benchmark climbed 545.25 points or 0.95 per cent to settle at 58,115.50. During the day, it jumped 600.42 points or 1 per cent to 58,170.67.
A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (Reuters file photo)
A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (Reuters file photo)
Published on Aug 01, 2022 03:36 PM IST
PTI |

Maruti Suzuki India reports jump in sales to 1.75 lakh units in July

India's largest automobile manufacturer had reported 8% lower sales in the same month last year when the sales were struck low by Covid-19.
FILE PHOTO: Corporate office of Maruti Suzuki India Limited is pictured in New Delhi, India.(REUTERS)
FILE PHOTO: Corporate office of Maruti Suzuki India Limited is pictured in New Delhi, India.(REUTERS)
Updated on Aug 01, 2022 03:28 PM IST
PTI |

Does it make sense to buy security camera subscriptions with DTH and broadband?

By 2026, India is expected to have 25.5 million active households with home security solutions (up from 9.9 million in 2022), according to estimates by research firm Statista
For representational purposes. (HT Photo)
For representational purposes. (HT Photo)
Updated on Aug 01, 2022 03:24 PM IST

Why over 350 firms have shelved $250 billion in financing plans

The Americas saw the highest number of transactions being postponed or shelved at 184, which was more than double the tally for other regions.
A person walks through the Manhattan borough of New York City.(REUTERS)
A person walks through the Manhattan borough of New York City.(REUTERS)
Published on Aug 01, 2022 01:24 PM IST
Bloomberg |

GST revenue in July 2022 at 1,48,995 cr, 2nd highest ever: Finance ministry

The corresponding figures for the same period last year stood at 1,16,393 crore, 28% lower, the ministry noted.
Representative Image
Representative Image
Published on Aug 01, 2022 12:47 PM IST
By, New Delhi

Rupee rises 13 paise to 79.11 against US dollar in early trade

At the interbank foreign exchange, the currency opened at 79.16 against the dollar and touched 79.11 in initial deals.
In the previous session, the rupee had closed at 79.24 against the US dollar.
In the previous session, the rupee had closed at 79.24 against the US dollar.
Published on Aug 01, 2022 12:08 PM IST
PTI | | Posted by Yagya Sharma

Stock market holidays in August 2022: BSE, NSE closed today due to Muharram

Stock market holidays in August 2022: Also, there will be no trading on August 15 (Independence Day) and 31 (Ganesh Chaturthi).
BSE Sensex in Mumbai (File Photo)
BSE Sensex in Mumbai (File Photo)
Updated on Aug 09, 2022 11:08 AM IST
By, New Delhi

Inflation hitting Singapore households harder, says DBS bank study

Low-income groups are seeing expenses grow 5.6 times faster than their income, suggesting why policymakers have prioritized relief targeted toward the most vulnerable households, the report said.
The key drivers of inflation are categories that are top priority for consumers: housing, food, and transport make up about 63% of DBS customers’ budgets.(Bloomberg)
The key drivers of inflation are categories that are top priority for consumers: housing, food, and transport make up about 63% of DBS customers’ budgets.(Bloomberg)
Updated on Aug 01, 2022 11:20 AM IST
Bloomberg | | Posted by Yagya Sharma

Market Bell: Sensex opens over 200 pts higher at 57,757; Nifty above 17,200-mark

The 30-share BSE benchmark climbed 274.02 points to 57,844.27 and the broader NSE Nifty advanced 86.55 points to 17,244.80 in initial deals.
Markets opening bell: Sensex, Nifty open in green.(Bloomberg)
Markets opening bell: Sensex, Nifty open in green.(Bloomberg)
Published on Aug 01, 2022 09:19 AM IST
PTI | | Posted by Sharmita Kar

LPG price cut: 19-kg cylinder gets cheaper by 36. Check rates in your city

  • The price of a 19-kg commercial LPG cylinder in Delhi dropped from 2012.50 to 1,976, with a reduction of 36.
LPG gas cylinder (PTI)
LPG gas cylinder (PTI)
Published on Aug 01, 2022 09:15 AM IST

ITR: No extension given by Centre, nearly 68 lakh returns filed on last day

From today, taxpayers will have to pay late fees while submitting their ITRs.
This year, the government did not make any extension to the due date. (Representative Image)
This year, the government did not make any extension to the due date. (Representative Image)
Published on Aug 01, 2022 09:01 AM IST
By, New Delhi

With $208 billion in fortunes, Ambani and Adani start to face off

After peacefully expanding in their respective domains for over two decades, Asia’s two richest men are increasingly treading the same ground, as Adani in particular sets his sights beyond his traditional areas of focus.
Indian tycoons Gautam Adani and Mukesh Ambani.
Indian tycoons Gautam Adani and Mukesh Ambani.
Updated on Aug 01, 2022 10:13 AM IST
Bloomberg |

FY22 Income Tax Return filing: About 34 lakh returns filed till 4pm on last day

The deadline for filing I-T returns, by those taxpayers who do not have to get their accounts audited for the fiscal ended on March 31, 2022, is Sunday.
Till July 30, more than 5.10 crore tax returns had been filed.(Representative image)
Till July 30, more than 5.10 crore tax returns had been filed.(Representative image)
Published on Jul 31, 2022 06:36 PM IST
PTI |

Lufthansa faces more turmoil after pilots back potential strikes

Pilot strikes at Europe’s biggest airline would add to a summer of chaos across the continent, where airports and airlines have struggled to accommodate a surge in bookings compared with the pandemic-induced slowdown.
Lufthansa last week canceled around 1,000 flights at its Frankfurt and Munich hubs due to industrial action by ground staff.(AFP)
Lufthansa last week canceled around 1,000 flights at its Frankfurt and Munich hubs due to industrial action by ground staff.(AFP)
Published on Jul 31, 2022 05:25 PM IST
Bloomberg |

ITR filing last day: Helplines will be operational ‘24/7 today’, says tax dept

Citizens who need assistance can call on any of the following helpline numbers: 1800 103 0025, 1800 419 0025, +91-80-4612 2000, and + 91-80-6146 4700.
The IT dept is doing all it can to assist those who are yet to file their returns. (Representative Image)
The IT dept is doing all it can to assist those who are yet to file their returns. (Representative Image)
Published on Jul 31, 2022 03:01 PM IST
By, New Delhi
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