Budget 2020

Oil scales 11-month high as Saudi vows output cut

Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while industry figures showed U.S. crude stock piles were down last week. Brent crude rose as much as nearly 1% to $54.09 a barrel, the highest since February […]

Budget 2020

No cut in PPF, NSC, other post office schemes’ interest rates for Q4 of FY 2020-21

There is good news for fixed income investors as the government has decided to keep the interest rates on small savings schemes or post office schemes, unchanged for the quarter ending March 31, 2021. This is the third quarter in a row that the government has kept interest rates on various small savings schemes such […]

Budget 2020

Saudi’s surprise output cut to lift Brent to $60/bbl by mid-year – UBS

UBS raised its forecast for Brent oil prices to $60 per barrel by mid-year, following Saudi Arabia‘s surprise unilateral production cut and expectations of a sharp recovery in demand in the second quarter on vaccine rollouts and increased travel. With Saudi Arabia’s move, OPEC‘s production increase of 0.5 million barrels per day (bpd) for January […]

Budget 2020

Dutch unit sale’s proceeds to help cut debt: Tata Steel

The proceeds from the sale of Tata Steel Europe’s Netherlands plant to SSAB of Sweden will go towards reduction of debt, the steelmaker said on Tuesday. The due diligence would be completed in two months following which the transaction value would be known, the top brass of Tata Steel said. The deal would further strengthen […]

Sports

Dustin Johnson in share of Masters lead, Bryson DeChambeau flirts with cut

By: Reuters | November 14, 2020 8:46:16 am Dustin Johnson after making a birdie on the 18th green during the first round. (Reuters) Dustin Johnson grabbed a share of the Masters clubhouse lead on Friday before second-round play was suspended due to darkness with defending champion Tiger Woods still on the course and early favourite […]

Sports

England players agree 15% pay cut as pandemic hits ECB revenues

By: Reuters | Updated: October 24, 2020 7:43:42 am The ECB had previously said they had sustained losses of over 100 million pounds. (Source: File) England’s cricket players on central contracts have agreed to take a 15% pay cut for 12 months due to the impact of the COVID-19 pandemic on finances, the country’s cricket […]

Budget 2020

Mukand Ltd to cut debt by Rs 1,200 crore post divestment in joint venture MSSSL

Mumbai: Specialty steel manufacturer, Mukand Ltd’s debt levels will be coming down by more than Rs 1,200 crore as the divestment of up to 51 per cent equity stake held in Mukand Sumi Special Steel (MSSL) to promoter group entities will be completed by next year. “This divestment will be completed in tranches over the […]

Sports

Wouldn’t rule out pay cut for players: Chris Woakes

By: PTI | Updated: September 16, 2020 2:41:24 pm Chris Woakes, who features for England in all three formats of the game, was thankful for the resumption of cricket in such testing times. (FILE) All-rounder Chris Woakes expects players to be asked to take pay cuts after the England and Wales Cricket Board (ECB) announced […]