Business
Sensex Rallies 327 Points Post RBI Policy Outcome; Extends Gains for 7th Day
The 30-share BSE index ended 326.82 points or 0.81 per cent higher at 40,509.49 while the broader NSE Nifty rose by 79.60 points or 0.67 per cent to 11,914.20. ICICI Bank was the top gainer in the Sensex pack, rising around 3 per cent, followed by Axis Ba...
TCS Surpasses Accenture to Become World's Most Valued IT Company
On Thursday, TCS rallied over 3 per cent to close at Rs 2,825 after its board decided the previous evening to go for a buyback at Rs 3,000 per share.
Develop Industrial Areas At Sub-divisional Level To Bring In More Investment: Gehlot To Officials
Rajasthan Chief Minister Ashok Gehlot on Thursday directed officials to develop industrial areas at sub-division levels to expand the scope of investment in the state. The chief minister said the development of industrial areas at the sub-division leve...
French Court Upholds Order For Google To Pay News Companies
A French appeals court on Thursday upheld an order for Google to pay media companies to show their news content in search results.
Oil Rises Above $42 On Supply Losses, U.S. Stimulus Hopes
Oil rose above $42 a barrel on Thursday, supported by output shutdowns in the U.S. Gulf of Mexico and the prospect of more supply losses in Norway, as well as by hopes for some U.S. coronavirus relief aid.
Exclusive: Malaysia To Stop Funding State Carrier If Talks With Lessors Fail -letter
The parent of Malaysia Airlines has warned leasing companies that state fund Khazanah will stop funding the group and force it into a winding down process if restructuring talks with lessors are unsuccessful, according to a letter seen by Reuters.
Sensex Soars Over 400 Points in Early Trade; IT Stocks Shine
Tata Consultancy Services (TCS) was the top gainer in the Sensex pack, surging over 4 per cent, after the IT major announced a mega-Rs 16,000 crore buyback plan at Rs 3,000 per equity share. The firm, meanwhile, reported a 6.87 per cent dip in the Septemb...
Fed Could Boost Bond Buys, But Won't For Now, Policymakers Say
The Federal Reserve could ramp up its bond purchasing program to push down further on borrowing costs, but for now the U.S. economy's most pressing need is for a new round of government spending, U.S. central bankers said on Wednesday.
In Nagasaki, Bank Consolidation May Expose Flaws In Economic Rescue Plans
Once seen as a model for consolidation, the merger of two regional banks in Nagasaki may expose flaws in Prime Minister Yoshihide Suga's plan to revitalise regional economies by creating stronger lenders.
Samsung Elec Profit Likely At 2-year High After Huawei Chip Orders, Phone Recovery
Samsung Electronics Co Ltd's thirdquarter profit likely jumped 58% to its highest in two years, beating estimates from analysts who pinned the rise on smartphone sales recovery and a rush order of chips from Huawei Technologies Co Ltd.
U.S. Stocks Rebound, Treasury Yield Curve Steepens On Piecemeal Stimulus Progress
U.S. stocks bounced back in a broad rally on Wednesday as investors recovered from the shock of President Donald Trump's announcement that he intended to halt stimulus talks until after the election, and were relieved that pandemic relief could be passed...
India Third Largest Market for Swiss Military, Says Official
He said Swiss Military will launch direct selling network in India from January 2021 and the margin structures are being finalised.
Gold Gains As Concerns Over U.S. Stimulus Talks Ease
Gold rebounded on Wednesday as worries about a halt in U.S. coronavirus stimulus talks faded, bolstering bullion's appeal as a hedge against inflation and prompting investors to cover short positions after a near 2% decline in the last session.
Gold Claws Back As Economic Uncertainty Lifts Appeal
Gold prices edged up on Wednesday, after hitting a oneweek low in early trade, lifted by renewed fears over economic recovery and uncertainty around the U.S. presidential election after President Donald Trump's COVID19 diagnosis.
NHPC to Suffer Rs 84.41 Crore Loss Due to SEWA-II Plant Shutdown
Last week, the company had informed that the Sewa-II power station (120 MW) in the union territory (UT) of Jammu & Kashmir has been under complete shutdown from September 25, 2020, to March 31, 2021, for damage of head race tunnel (HRT).
RBI's Next Monetary Policy Panel Meeting from October 7 to 9
On September 28, the RBI had postponed the meeting of the MPC, which must have a quorum of four, as the appointment of independent members was delayed.