REUTERS - Indian stock markets fell more than 2 percent on Friday and closed at their lowest levels in over a year on weak global cues amid caution ahead of a key U.S. jobs report due later in the day.
Recent Business News
LONDON - Gold prices fell towards a second weekly loss on Friday after U.S. payrolls data failed to allay uncertainty over the prospect of a near-term interest rate hike from the Federal Reserve.
MUMBAI - India's June-September monsoon has started withdrawing from the north-western region, the weather department said on Friday, which could increase the rainfall deficit for the season.
NEW DELHI - Oil and Natural Gas Corp (ONGC) has paid just over $1.25 billion for a 15 percent stake in Russian oil major Rosneft's Vankor oil field, a source with direct knowledge of the deal said on Friday.
SINGAPORE - Reliance Global Energy Services, a Singapore-based unit of Reliance Industries, has appointed a new chief executive and created a business development role to expand its trading activities, industry sources said on Friday.
ANKARA - The U.S. Federal Reserve is coming under pressure from emerging markets not to raise rates too soon as turmoil in China threatens global growth, but the G20 will not publicly call for any delay, delegates meeting in Turkey said on Friday.