Business

Chinas Ant Group will try to raise nearly $35 billion in its initial public offering in Shanghai and Hong Kong, which would make it the largest share offering in history.

The coronavirus pandemic has dealt a body blow to the quantitative modelbased style of investing, with a majority of the firms using such strategies negatively impacted, a study by Refinitiv has found.

Britain and the European Union have a good chance of striking a deal on future relations, the British government's Northern Ireland minister Brandon Lewis said on Sunday.

The details of the deal which has not yet been finalised could be announced within few days, Bloomberg reported, citing people familiar with the matter.

The federal budget deficit hit an alltime high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic shrank revenues and sent spending soaring.

In August last year, the Union Cabinet approved 26 per cent FDI (foreign direct investment) under government route for uploading/streaming of news and current affairs through digital media, on the lines of print media.

Mahatransco (Maharashtra State Electricity Transmission Company Limited – MSETCL) Chairman and Managing Director Dinesh Waghmare said Tata Power's plants took time to start generating electricity following the grid collapse on Monday morning, resulting in...

Gold steadied on Friday as the dollar eased but was still set for its first weekly loss in three as doubts over a U.S. stimulus agreement before next month's presidential election dented demand for the metal as an inflation hedge.

Gold slipped on Friday and looked set to post its first weekly drop in three, as the dollar held firm while additional U.S. fiscal stimulus appeared unlikely before the presidential election.

Japan informed the United States that Tokyo, at the moment, won't participate in Washington's plan to exclude Chinese firms from telecommunications networks, the Yomiuri newspaper reported on Friday, citing several sources.

U.S. stocks dropped on Thursday as a rise in weekly jobless claims compounded worries about a stalling economic recovery and fading hopes for more fiscal aid before the election.

Business events and economic reports scheduled for the coming week.

After similar movement, it dropped 2.09 per cent to close at Rs 1,113.25 on the National Stock Exchange (NSE). The company's market valuation declined Rs 11,939.19 crore to Rs 4,71,942.81 crore on the BSE.

Eager to capture any holidayrelated spending as early as possible this year, Walmart Inc , ASOS , Best Buy and other major retailers are turning Black Friday into a multiday promotion.

Pilgrims Pride Corp. has reached a plea agreement with the U.S. government over charges of price-fixing in the chicken industry.

Goldman Sachs said Wednesday that its profits jumped sharply in the third quarter, helped by a strong performance by its trading desks and less need to set aside funds to cover potentially bad loans.