Business
Apple Supplier Wistron Says Looking To Re-start Violence-hit India Factory
Apple Inc contract manufacturer Wistron said on Tuesday it was looking to restart operations at its factory in southern India which was shut late last year after workers went on a rampage at the site.
Oil Climbs To 13-month Highs On Output Cuts, Demand Recovery Hopes
Oil prices edged up to their highest in 13 months on Tuesday as supply cuts by major producers and optimism over fuel demand recovery support energy markets.
Family Of Novice Investor Who Killed Himself Sue Robinhood
The family of a novice stock trader who killed himself after mistakenly believing he lost more than $700,000 are suing Robinhood Financial, claiming the popular stocktrading platforms business practices directly led to their sons death.
Tesla Buys $1.5B In Bitcoin, Will Accept As Payment Soon
Tesla has acquired around $1.5 billion in Bitcoin under an investment policy at the electric car maker headed by Elon Musk, and it plans to begin accepting the digital currency as payment for vehicles soon.
M&M Stock Jumps 9% Post Q3 Performance; Here's What Goldman Sachs, Nomura Said
The auto major on February 5 reported a whopping 39.6 percent year-on-year growth in profit at Rs 530 crore for the December Quarter.
SoftBank Third-quarter Earnings Recovery Seen Driven By IPO Boom
SoftBank Group Corp is expected to extend earnings recovery when it reports third quarter results on Monday as frothy markets drive a rally in the value of its tech investment portfolio and offer fertile ground for listings.
Activision, Teradata Rise; GoPro, Twist Bioscience Fall
Stocks that traded heavily or had substantial price changes Friday:
LVMH Tells Tiffany Employees To Return To Office In March - WSJ
A month after acquiring Tiffany & Co, French luxury goods giant LVMH told employees at the U.S. jeweller to return to the office two days a week beginning March 1, the Wall Street Journal reported on Friday.
Carlsberg Bets On A Summer Of Beer And Soccer Free Of COVID-19 Curbs
Danish brewer Carlsberg is banking on most COVID19 restrictions being lifted in coming months to buoy its earnings in its peak summer season, which could include the beer bonanza that accompanies the European soccer championship.
Expenditure Finance Committee Approves PLI Scheme on ACs & LEDs, Draft Cabinet Note Sent to Commerce Min
The scheme would help India become self-reliant, boost manufacturing as well as enhance exports.
Hiring May Have Rebounded From 1st Monthly Loss Since April
The U.S. jobs report for January being released Friday is expected to show a slight rebound after six straight months of weaker hiring. But any gain might have resulted mainly from a technical adjustment and would make little dent in the vast unemployment...
Gold Price Today: Decline of Rs 1,400; Rate Decreases in All Major Cities
Gold price in Mumbai is at Rs 46,600 per 10 grams for 22-carat while for 24-carat gold costs Rs 47,600 for the same quantity after a decrease of Rs 1,400 in the rate.
Centre Coming up With New Bill to Delicense Power Distribution, Will Amend Electricity Act: Report
It implies that all areas will be thrown open to private discoms. The amended terms as part of the Electricity Bill, 2021, will be tabled in the ongoing session of Parliament.
International Monetary Fund Welcomes India's Focus on Growth in Union Budget
Finance Minister Sitharaman on Monday proposed a sharp increase in expenditure on infrastructure, doubling of healthcare spending and raising the cap on foreign investment in insurance in her Budget for the next fiscal in a bid to pull Indian's economy ou...
BoE Says Negative Rates Option Needs More Time, Focuses On Recovery
The Bank of England gave British lenders at least six months' breathing space on Thursday before negative interest rates are a possibility, focusing instead on the prospects for a postlockdown rebound in a quarterly update on the economy.
New York Times Beats Quarterly Revenue Estimates On Strong Digital Subscriptions
The New York Times Co reported betterthanexpected quarterly revenue on Thursday as digital readership soared in a quarter that was dominated by heavy news coverage around the U.S. elections and the COVID19 pandemic.