Business
Sensex Plunges 634 Points, Nifty Cracks Below 11,350 Following Massive Selloff in Global Equities
Axis Bank was the top loser in the Sensex pack, shedding over 4 per cent, followed by Tata Steel, SBI, NTPC, Bharti Airtel, ITC and ICICI Bank.
Dollar Bears Persist On Fed's Shift To Lower Rates For Longer: Reuters Poll
The dollar's downtrend will continue into next year, driven largely by the U.S. Federal Reserve's shift to a new policy framework, although expectations for a deep fall in a sustained way have waned somewhat from last month, a Reuters poll found.
Techs Lead Stock Sell-off, Dollar Edges Up
A gauge of global stocks fell on Thursday from a record high in its biggest oneday decline in nearly three months as the technology sector sold off, while the dollar continued its bounce from more than twoyear lows.
White House Faces Skepticism Over Prospects For A Vaccine
Could the U.S. really see a coronavirus vaccine before Election Day?
VW-backed Battery Maker QuantumScape To Go Public At $3.3 Billion Valuation
QuantumScape, the 10yearold Silicon Valley battery startup backed by Volkswagen AG, said on Thursday it plans to go public through a reverse merger with Kensington Capital Acquisition Corp with an enterprise value of $3.3 billion.
Up, Down And Sideways: A Voter's Guide To U.S. Economic Data
In the countdown to the Nov. 3 U.S. presidential election, the state of the economy is a key concern for many voters.
Oil Regulator Issues Force Majeure Guidelines For City Gas Operators
Oil regulator PNGRB has issued a fresh set of force majeure guidelines, listing events such as riots, natural disasters, and restrictions by the government as conditions for allowing more time to complete city gas rollout obligations. The Petroleum and...
Gold Plunges Rs 774 Tracking Tepid Global Cues
Gold prices on Thursday plunged Rs 774 to Rs 51,755 per 10 gram in the national capital following decline in global prices, according to HDFC Securities. The yellow metal had closed at Rs 52,529 per 10 gram here in the previous trade.
Diesel Price Cut For First Time In Close To 6 Months; Petrol Unchanged
Diesel price on Thursday was cut for the first time in close to six months after stateowned fuel retailers reduced retail selling rate by 16 paise per litre. Diesel now costs Rs 73.40 per litre in the national capital, as against Rs 73.56 a litre previ...
World Food Price Index Rises For Third Month Running In Aug - FAO
World food prices rose for a third month running in August, led by coarse grains, vegetable oils and sugar, the United Nations food agency said on Thursday.
Speedo To Probe Findings Of Human Rights Violations Against Indian Partner Page
Speedo International will investigate a report of possible human rights violations by its Indian partner Page Industries, which Norway's wealth fund dropped from its portfolio this week, the United Kingdombased swimwear maker told Reuters.
Danish Watchdog Investigates Danske Bank Over Erroneous Debt Collection
Denmark's financial watchdog has launched an investigation into how Danske Bank could wrongly collect debt from up to 106,000 customers since 2004, it said late on Tuesday.
Weak German Retail Sales Dash Hopes For Strong Recovery
German retail sales fell unexpectedly on the month in July, data showed on Wednesday, dashing hopes that household spending in Europe's largest economy will be powerful enough to drive a strong recovery in the third quarter from the coronavirus shock.
Gold Dips After Solid US Manufacturing Data Lifts Dollar, Boosts Hope For Swift Economic Revival
Gold prices slipped on Wednesday as the dollar rebounded after robust U.S. manufacturing data bolstered hopes of a swift global economic recovery, rubbing some of the allure off safehaven bullion.
Exxon Weighs Global Job Cuts After Unveiling Australian Lay-off Plan
Exxon Mobil Corp is assessing possible worldwide job cuts, a spokesman said on Wednesday, after the company announced a voluntary layoff programme in Australia.
U.S. Seeks Mexico Talks Over Perishable Imports In Bid Bolster U.S. Farmers
The Trump administration on Tuesday announced plans to seek seniorlevel talks with Mexico over imports of perishable fruits and vegetable as part of a broader series of actions meant to bolster U.S. farmers, raising the possibility of future tariffs.