Trafigura executives expect more upward pressure on global oil prices next year as rising U.S. shale output will not be able to fill a gap in supply once U.S. sanctions on Iranian oil come into force in early November.

Welspun Group Chairman Balkrishan Goenka is new Assocham president Oct 17 2018

Welspun Group Chairman Balkrishan Goenka assumed charge as the President of industry chamber Assocham.

ABB bags Rs 115 cr order from Indian Railways Oct 17 2018

Swiss power major ABB said it has won an order worth Rs 115 crore from Indian Railways to supply traction transformers.

U.S. housing starts fall more than expected in September Oct 17 2018

U.S. homebuilding dropped more than expected in September as construction activity in the South fell by the most in nearly three years, likely held down by Hurricane Florence.

RWE will seek damages if Germany shuts coal plants abruptly: Die Zeit Oct 17 2018

Power firm RWE (RWEG.DE) will seek damages if Germany decides to shut down coal-fired power plants right away, its chief executive told a weekly paper.

Composition scheme business need not file purchase details while filing GST quarterly returns Oct 17 2018

Businesses opting for composition scheme under GST need not file details of purchases made from their vendors at the time of filing quarterly return GSTR-4, the Finance Ministry said.

Gold inches down as equities, dollar firm; Fed minutes in focus Oct 17 2018

Gold prices edged lower early Wednesday as equities gained and the dollar firmed amid waning risk-averse sentiment, with the market awaiting minutes from the U.S. Federal Reserve’s latest policy meeting for fresh clues on the pace of interest rate hikes.

Uber extends safety features to passengers, drivers in Europe, Middle East Oct 17 2018

Uber Technologies Inc [UBER.UL] is to connect passengers and drivers directly to emergency services in Europe, the Middle East, and Africa as part of a wider rollout of largely existing safety features over the next few weeks.

Oil steadies after surprise draw in U.S. crude stocks Oct 17 2018

Oil prices steadied after three days of gains after industry data showed a surprise decline in U.S. crude inventories and tension over the disappearance of a prominent Saudi journalist stoked supply worries.