Money News Headlines

Falling global crude prices bolster economic outlook

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NEW DELHI - Falling crude oil prices have helped lawyer Pratik Mehra get off the bus and back behind the wheel of his car, cutting his travel time to work by a third.

Top News, Business 3:44pm IST

Govt orders Financial Tech to absorb NSEL, liabilities

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MUMBAI - The government on Tuesday ordered trading software provider Financial Technologies (India) Ltd to fully absorb its defunct unit National Spot Exchange Ltd (NSEL) and assume the outstanding liabilities of the troubled commodities bourse.

4:26pm IST

Smartphone repair company B2X steps up expansion with Indian deal

FRANKFURT - Smartphone users won't recognise the name B2X, but if your battery dies or your screen breaks, the odds are that the company will be working behind the scenes when you seek a repair.

Business, Top News, Deals 9:41pm IST

Nifty rises to 1-1/2 week closing high; Jindal Steel surges

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MUMBAI - The BSE Sensex and Nifty rose for a third straight session on Tuesday to mark their highest close in 1-1/2 weeks as coal-related stocks such as Jindal Steel and Power surged on the government's plans to auction coal blocks the top court cancelled in August.

4:29pm IST

Weak oil threatens U.S. export of LNG, leaving Asian buyers stranded

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MILAN - Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States into a costly disappointment for Asian buyers who have already invested billions of dollars in long-term contracts.

9:33pm IST

Total’s "Big Moustache"- bon vivant, deal-maker and risk-taker

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PARIS - Christophe de Margerie, the head of French oil and gas giant Total who died when his jet crashed in Moscow, was a gregarious bon vivant with a passion for risk-taking and deal-making.

9:13pm IST

WTO prepares for crisis talks as India keeps veto on global deal

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GENEVA - India made no sign of dropping its veto on a global trade deal on Tuesday, forcing World Trade Organization chief Roberto Azevedo to announce a week of talks to try to chart the future direction of the Geneva-based body.

Business, Top News 7:50pm IST

Odisha sees 23 percent fall in iron ore output

BHUBANESWAR India - India's biggest iron ore producing state Odisha expects production to fall 23 percent to 60 million tonnes this fiscal year ending March due to a court shutdown of mines pending their licence renewals, its mines director told Reuters on Tuesday.

8:25pm IST

India and Nepal sign electricity trading pact

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KATHMANDU - India and Nepal signed an agreement on Tuesday to start selling electricity to each other, deepening energy ties between the two nations and boosting New Delhi's efforts to grow its influence among its smaller neighbours.

South Asia, Business 7:22pm IST

Global shares gain on U.S. tech earnings, ECB purchase plans

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NEW YORK - A measure of global equity markets advanced on Tuesday after technology earnings lifted U.S. shares and the prospect of European Central Bank corporate bond purchases boosted European stocks and weighed on safe-haven U.S. Treasuries prices.

8:49pm IST