Business

Forex traders said crude oil prices surged after US President Donald Trump ordered the killing of Iran Revolutionary Guards commander Qasem Soleimani.

An air strike at the Baghdad International Airport early on Friday killed Iranian Major-General Qassem Soleimani, head of the elite Quds Force, and Iraqi militia commander Abu Mahdi al-Muhandis, an Iraqi militia spokesman told.

Farid Bin Mohamed Sani is a non-executive director at IHH Healthcare Bhd which holds around 31 per cent stake in Fortis through its subsidiary Northern TK Venture Pte Ltd.

At the interbank foreign exchange the rupee opened at 71.36, then gained ground and touched 71.30, registering a rise of 5 paise over its previous close.

In 2018, firms had raised Rs 7.25 lakh crore, including nearly Rs 6 lakh crore through debt markets, over Rs 79,300 crore from equities and close to Rs 46,500 crore from overseas route.

This is the first time in LIC's history that valuation surplus has crossed Rs 50,000 crore. During 2018-19, it has paid 2.59 crore claims for an amount of Rs 1.63 lakh crore.

In August, the finance ministry had announced a capital infusion of Rs 3,800 crore in the state-owned lender. This has now been increased by Rs 560 crore.

The CBDT frames policy for the I-T department. E-assessment of income tax proceedings was launched by the government on October 8.

The insolvency bill, introduced in the Lok Sabha, seeks to remove bottlenecks and streamline the corporate insolvency resolution process.

At the interbank foreign exchange, the rupee opened at 71.22 then fell to 71.23 against the dollar, showing a decline of 5 paise over its previous closing.

In reply to an RTI query, the ministry also refused to disclose the details of black money received from other foreign countries.

At the interbank foreign exchange, the rupee opened at 71.15 then fell to 71.17 against the US dollar, showing a decline of 5 paise over its previous closing.

The litigation case (Forrest) in St Louis, Missouri in the US has resulted in a verdict for Johnson & Johnson, finding Johnson's baby powder was not the cause of the Vickie Forrest's disease.

Experts believe the positive trend may continue in 2020 as well, but downside risks might arise in form of the US-China trade war and any further deterioration in the domestic credit market conditions.

Speaking at the 92nd Annual Convention of Ficci, IMF Chief Economist Gita Gopinath said that in the past few quarters, there has been a steep slowdown in private sector demand and there is now weakness in investment.

At the Interbank Foreign Exchange, the rupee opened weak at 71.15 showing a decline of 12 paise over its previous closing.