American refiners closed some of their production, leading to futures trade benchmarked to the West Texas Intermediate going negative.
He was granted bail by a court in Ahmedabad.
Reserve Bank of India Governor Raghuram Rajan, in a hurriedly called press conference, said that the central bank has now routed back most of the dollar demand from oil companies to the market.
Companies hit by the sudden appreciation of foreign currencies such as Swiss franc and yen are finding it difficult to restructure their currency options as banks have become cautious in extending fresh credit limits to them.
Looking to introduce your child to films that will cultivate their taste and broaden their horizon? Sukanya Verma offers a list of movies that is as entertaining as it is enriching.
In a special series, we will put YOU to the test everyday!
HDFC Managing Director Keki Mistry said: "We entered into simple hedging transactions and not exotic derivative transactions. The MTM gain cannot be recognised, as these transactions have not yet matured. The gains or the losses will be realised only after these transactions mature and the loans are paid back." This is why the housing finance company has not recognised the MTM gain in its profit and loss account.
The rupee had weakened by 23 paise to end at 63.51 against the American currency on Wednesday on month-end dollar demand from oil companies and persisting selling by foreign funds in stocks.
India captain Virat Kohli along with the other nine skippers of the participating teams at the ICC World Cup on Wednesday met Queen Elizabeth and Prince Harry at Buckingham Palace in London.
Real Madrid midfielder Luka Modric urged Neymar to join him at the Champions League winners after swapping shirts with the forward following Sunday's international friendly between Brazil and Croatia.
Hyderabad Cricket Association chief Mohammad Azharuddin says he will address the alleged corruption charges against his governing body after hosting the December 6 T20 series opener between India and the West Indies.
Even as pro-Russian rebels handed over the black boxes that they found at the MH17 crash site, hundreds of thousands of Dutch social media users have changed their social media profile picture to a black square and are using the hashtag #BringThemHome, demanding Malaysia Airlines MH17 bodies' return.
With its fleet of nearly 1,000 electric three-wheelers in Delhi-NCR, it moves around 100,000 commuters daily. The company will use the funding to rapidly increase its fleet size within Delhi-NCR as well as other key cities around the country.
According to observers, with pro-China Rajapaksa winning the election, the result will have a bearing on India's presence in the Indian Ocean region where Beijing is increasingly making inroads.
Rediff.com's Vicky Nanjappa joins the campaign trail with former Infosys chief financial officer V Balakrishnan in Bangalore Central constituency.
Once a reviled practice in the state, both the parties seem to have endorsed a record number of turncoats this time -- triggering a wave of discontentment among their loyalists.
The board has approved the share swap ratio of one share of Rs 10 each of HDFC Bank for every 29 shares of Re 1 each held in Centurion Bank of Punjab, HDFC Bank said in a filing to the Bombay Stock Exchange.
In response the BRICS - Brazil, Russia, India, China and South Africa - have taken steps to strengthen cooperation such as setting up a joint development bank
With professional tennis tours closed down until mid July at the earliest because of the coronavirus pandemic, an esports version of the claycourt event is being staged online. Nadal showed impressive fingerwork to beat young Canadian Denis Shapovalov in his opening round-robin match on a digital representation of the Spanish capital's Manolo Santana Stadium.
Shanghai sports authorities have recommended the suspension of all sporting events in the city due to the coronavirus outbreak, casting further doubt on whether the Chinese Formula One Grand Prix will take place. This year's calendar has a record 22 races, leaving little chance of any rescheduling. Russia, whose race is in September but has previously been held in April, has already ruled out a date swap.
Meghana and Tasnim pair defeated Korean duo of Yeo Jin Gong and Da Yeon Jeong 23-21, 21-18 in the final to secure the Under-15 girls doubles title.
No matter how in shape you may be, clothes that don't fit properly will not make you look good.
The list of international sporting events affected by a new virus outbreak in China grew on Wednesday with skiing World Cup races in Yanqing cancelled and Olympic women's football in Australia in doubt over concerns about athletes' safety. Badminton, tennis and basketball were among other sports whose governing bodies were rearranging events, weighing possible changes or monitoring the implications of the outbreak.
Live tennis action is a fading memory during the coronavirus shutdown but 20,000 fans tuned in to watch old rivals Novak Djokovic and Andy Murray chew the fat on Instagram on Friday. Sitting on their sofas at home, the duo spent an entertaining hour reminiscing about some of the classics in their 36-match series, painful losses and even came up with the perfect tennis player.
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The newly-appointed Governor Raghuram Rajan said on Wednesday Reserve Bank of India will offer a window to banks to swap the fresh FCNR-B dollar funds, mobilised for a minimum tenor of three years and over, at a fixed rate of 3.5 per cent per annum. According to Bank of America Merrill Lynch, "the move should fetch $8-10 billion", adding that the move would help in shifting rupee risks away from NRIs at a time of extreme volatility.
