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17 August, 2018 10:21 AM Turkish lira steady despite new threats from Donald Trump

The currency has recovered from record lows earlier this week. Investors, already worried about Turkey's economy. Turkey's currency remains steady against the dollar despite an apparent threat of possible new sanctions by US President Donald Trump. The Turkish lira stood at 5.80 per dollar on Friday, up about 0.4 percent against the dollar. The currency 70

16 August, 2018 10:40 PM Omarosa Releases Lara Trump Recording Of $15,000-A-Month Job Offer

Former "Apprentice" and White House aide Omarosa Manigault Newman released an audio recording Thursday which appeared to show President Donald Trump's daughter-in-law trying to buy her silence. The disgruntled former Trump champion gave a recording to NBC, featuring Lara Trump -- wife of the president's son Eric -- saying the offer of a $15,000 a month 50

16 August, 2018 2:45 PM Durables makers mull pre-festive price hike amid rupee fall

Sony, Panasonic and Godrej said they are closely watching the currency movement. Consumer durables makers may go for a price hike before the festive season sales to partially pass on the higher import bills due to fall in rupee. Sony, Panasonic and Godrej said they are closely watching the currency movement as the rupee today crossed a historic low of 70.32 against 41

16 August, 2018 3:46 AM Rupee Hits Fresh Record Low Of 70.32 Against US Dollar

Rupee hit fresh record low of 70.32 against the US dollar on Thursday as it plunged 43 paise, reported news agency Press Trust of India (PTI). "Given the prevailing risk aversion in the global markets, the rupee may intermittently cross 70/USD before retracing to 69/USD levels. The cross rate is expected to remain volatile going ahead, and average Rs. 68.5/USD in FY2019," said Aditi 50

16 August, 2018 3:29 AM Rupee in a free fall

The Indian rupee hit 70 to the dollar for the first time earlier this week, falling 15 paise intraday due to sharp depreciation in Turkish lira after the United States imposed tariffs on steel and aluminum imports. The sell-off in the rupee for couple of days has been so sharp that the Reserve Bank of India may have intervened on Tuesday that helped 38

14 August, 2018 5:11 PM Citizens of these countries once paid billions for a loaf of bread

Read on to find out more about countries that have made billionaires of its citizens, with no real prosperity to back it. Thailand’s currency, the Baht, sharply devalued in 1997 over a speculative attack. A speculative attack involves speculators borrowing large amounts of the Thai Baht and converting them to a foreign currency. The value of the Baht is decided 39

14 August, 2018 6:22 AM As Rupee Hits Record Low Of 70 To US Dollar, Congress Tweets This

The rupee touched an all-time low of 70.09 per US dollar on Tuesday. As the news broke out, Congress posted a sharp tweet directed at PM Modi and his government. "Modiji finally managed to do something that we couldn't do in 70 years," the official handle of the party tweeted, sharing a screenshot of the exchange value. Within an hour of being shared 51

13 August, 2018 1:59 PM CCI approves Teleperformance's $1 bn acquisition of Intelenet

The Competition Commission has approved the billion dollar acquisition of BPO firm Intelenet by French outsourcing firm Teleperformance from private equity major Blackstone. Teleperformance had announced the acquisition of Intelenet from Blackstone in June for USD 1 billion. Euronext-listed Teleperformance, which reported consolidated revenue of about 48

13 August, 2018 4:09 AM Rupee At All-Time Low Of 69.62 Against US Dollar On Turkey Crisis

MUMBAI: The rupee on Monday touched an all-time low of 69.62 per dollar in early trade on concerns about Turkey contagion spilling over to other emerging market currencies. The rupee reversed marginally from its record lows to trade at 69.53 to the dollar from 68.84 on Friday. The 10-year benchmark bond yield rose to 7.81 per cent from its previous close 52

2 August, 2018 3:18 AM Petrol, Diesel Prices Raised In Metros After Two Days: Check Rates Here

Petrol and diesel prices are decided on a daily basis on the basis of global crude oil prices and the rate of the rupee against the US dollar. Petrol and diesel prices were raised on Thursday after remaining unchanged for two days, according to Indian Oil Corporation (IOC). One litre of petrol was being sold in New Delhi for Rs 76.43, in Kolkata for Rs 79.33, in Mumbai 43