Opec cut may not fire up oil prices

Opec cut may not fire up oil prices

Just when it looked like oil prices cooling off had offered some respite to India’s macros, Organisation of the Petroleum Exporting Countries (Opec) decision to cut back production by 1.2 million barrels per day is threatening to heat things up again.

Petrol, diesel to get cheaper in Delhi

Petrol, diesel to get cheaper in Delhi

Petrol and diesel prices are likely to drop again in Delhi compared to adjoining cities of Uttar Pradesh, The ad valorem tax structure will lead to a bigger reduction in daily prices in the national capital.

Four IL&FS arms to be divested in the next few weeks

Four IL&FS arms to be divested in the next few weeks

The newly constituted Board of Infrastructure Leasing & Financial Services (IL&FS) Ltd is in the process of evaluating and initiating divestment of four more subsidiaries in the coming weeks. Meanwhile, the crisis-hit lender has already

Lower oil prices give a lifeline to currency market

Lower oil prices give a lifeline to currency market

The rupee has made a strong comeback in the past two months after being one of the worst hit currencies in Asia in 2018. After depreciating around 14% (64 to 74.5) from the beginning of the year, its trading below 70 against the US dollar now.

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