Business
Aero Supplier Spirit Says It Took Action Over Parts Obtained Indirectly From MPS
Spirit AeroSystems said on Friday it did not buy parts directly from an Italian subcontractor under scrutiny over flawed parts on Boeing's 787 Dreamliner, but had taken action over parts Spirit had purchased indirectly.
J&J Puts Talc Liabilities Into Bankruptcy
Johnson & Johnson on Thursday put into bankruptcy tens of thousands of legal claims alleging its Baby Powder and other talcbased products caused cancer, offloading the potential liabilities into a newly created subsidiary hived off from the rest of the he...
Boeing Names U.S. DSCA Director As Vice President Of Business Development
Boeing Co said on Thursday it had named Heidi Grant, director of the U.S. Defense Security Cooperation Agency (DSCA), as the vice president of business development.
Adani Group Takes Over Operation of Thiruvananthapuram International Airport
Announcing the formal takeover of the airport, the business giant said in a tweet that it was privileged to serve and welcome passengers to God's Own Country.
Petrol and Diesel Prices Hiked Again, Retail Pump Prices at Highest-ever level Across India
In Mumbai, diesel now comes for Rs 101.40 a litre; while in Delhi, it costs Rs 93.52. This is the 13th time that petrol price has been hiked in two weeks.
How Major US Stock Indexes Fared Wednesday
Stocks ended another day of choppy trading modestly higher Wednesday, enough to break a three-day losing streak for the S&P 500.
Fruit Seller's Son Who Built Rs 300-cr Empire from a Tiny Shop: Meet 'Ice Cream Man of India'
From a small 200 square meter outlet in Mumbai, the brand of Naturals Ice Creams today has turned into a Rs 300 crore empire — Raghunandan Srinivas Kamath is the man behind the show
Oil Steadies After Energy Crunch Stirs Up Volatility
Oil prices steadied after whipsawing in a volatile session on Tuesday, as traders weighed the effect that higher energy costs could have on the global economic recovery.
IMF Board To Back Georgieva After Review Of Data-rigging Claims -sources
The International Monetary Fund's executive board will issue a statement of support for Managing Director Kristalina Georgieva after reviewing allegations she pressured World Bank staff to alter data to favor China, sources familiar with the decision said...
U.S. Shares Drop As Soaring Oil Prices Stir Inflation Woes; Yen Wilts
U.S. shares fell on Monday, having whipsawed between gains and losses as soaring oil prices that hit multiyear peaks stoked fears about rising prices and tighter monetary policy, lifting the dollar to a nearthreeyear high against the yen.
RBI Monetary Policy Meet Today: Time, How to Watch Shaktikanta Das' Address
RBI Monetary Policy Meet today, October 8: RBI Governor Shaktikanta Das will announce the MPC decision on Friday. Know RBI MPC time and where you can watch it LIVE
Dollar Takes A Pause Ahead Of U.S. Jobs Data
The dollar was steady against a basket of currencies on Thursday, the day before U.S. labor market data that could provide clues to timing of the Federal Reserve's next move.
Evergrande And Other Chinese Property Giants Have Sizeable Off-balance Sheet Debt - JPMorgan
Investment bank JPMorgan has estimated that troubled Chinese property giant Evergrande and many of its major rivals have billions of dollars worth of offbalance sheet debt that, once added on, ramp up their leverage ratios.
Airlines Warn Erratic Global COVID-19 Rules Could Delay Recovery
Global airlines on Tuesday wrapped up their first meeting since COVID19 brought their industry to its knees, voicing optimism about pentup demand but desperate for governments to harmonize disjointed border rules to avoid slipping back into recession.
LVMH Buys Perfume Company Officine Universelle Buly 1803
Luxury group LVMH has purchased French perfume and cosmetics company Officine Universelle Buly 1803 with an eye to expanding it abroad, adding to its sprawling empire of high end labels.
NFT Sales Surge To $10.7 Billion In Q3 As Crypto Asset Frenzy Hits New Highs
Sales volumes of nonfungible tokens (NFTs) surged to $10.7 billion in the third quarter of 2021, up more than eightfold from the previous quarter, according to data from market tracker DappRadar, as the frenzy for crypto assets reached new highs.