Bengaluru: The Coffee Day group on Saturday said its total outstanding debt was Rs 4,970 crores (about Dh2.56 billion, or $698 million), including Rs 4,796 crores secured loans and Rs 174 crores in unsecured loans. “The management has decided to clarify its debt position, the expected reduction and post conclusion of the ongoing divestment transactions,” […]
Mumbai. Amid global growth concerns and heightened trade tensions, gold prices might cross the Rs40,000 mark by Diwali, analysts have said. Typically, the demand for gold reflects the expectations about the future, the prices of the precious metal tends to rise amid uncertain economic situations or political upheaval. Currently the October contract of gold was […]
Their repatriation shall end one of the most horrible and longest sagas involving abandoned seafarers in the UAE.
Machine allows people to throw massage cards into the machine and be rewarded with points in a loyalty programme.
DUBAI. Dubai Electricity and Water Authority, Dewa, has issued its 6th annual Sustainability Report, summarising Dewa’s efforts to promote social and economic sustainability as well as provide a sustainable model for energy and water. The report focuses on ways to support economic growth without damaging the environment, and highlights Dewa’s achievements in sustainability, according to […]
Istanbul The Turkish government plugged its deteriorating finances in July with an outsize cash infusion from the central bank. The monetary authority transferred around 22 billion liras ($3.94 billion) to the Treasury last month, the biggest deposit since an annual dividend payment in January, according to data on its website. Without the disbursement, the government […]
WASHINGTON. The Trump administration is sparing some Chinese-made household furniture, baby items and internet modems and routers from its next rounds of 10% tariffs, it said on Friday. The US Trade Representative’s office released a complete list of the items that were removed from $300 billion in tariffs scheduled to go into effect on Sept. […]
Beijing. China’s central bank said it’ll start releasing a new reference rate for bank loans, a further step in a long-awaited reform to interest rates that’s set to bring lower borrowing costs to the economy. The People’s Bank of China will announce the new loan prime rate, or LPR, at 9:30am on the 20th of […]
New York. With interest rates on 30-year US debt hitting all-time lows this week, the government is once again considering whether to start borrowing for even longer. The US Treasury Department said on Friday that it wants to know what investors think about the government potentially issuing 50-year or 100-year bonds, going way beyond the […]
London: For Brits looking to escape the UK in an increasingly wet August, the pound might offer some relief with a recovery against the euro. Sterling ended a record run of losses against the common currency this week and analysts are cautiously optimistic on its near-term prospects. Latest forex rates here Growing resistance among opposition […]