Business

In a normal year, hundreds of book lovers would have descended on Winchester this summer for Shenandoah Universitys annual childrens literature conference.

Wells Fargo & Co's profit plunged 57% in the third quarter, missing Wall Street's expectations as persistent costs tied to its yearsold sales practices scandal continued to haunt the bank.

Wall Street's main indexes fell on Wednesday as Treasury Secretary Steven Mnuchin said it was difficult that a deal on more fiscal stimulus would be reached before the presidential election in November.

This includes personal income tax (PIT) refunds amounting to Rs 33,442 crore issued to 36.21 lakh taxpayers and corporate tax refunds worth Rs 90,032 crore to over 1.89 lakh taxpayers, according to the Central Board of Direct Taxes (CBDT).

Earlier in the year, the railways had inducted WAG 12B electric locomotives, the most powerful ones to run on Indian tracks, according to the company.

The Cabinet Committee on Economic Affairs (CCEA) also allowed Abu Dhabi National Oil Co, which has hired a part of the strategic storage, to trade the stocked oil, union Minister Prakash Javadekar told reporters here.

"In our projections, the increase in public spending, in response to COVID-19, and the fall in tax revenues and economic activity, will make public debt jump up by 17 percentage points to almost 90 per cent of GDP, Vitor Gaspar, Director of the IMF's Fisc...

Boeing failed to sell any airline planes last month and suffered more cancellations of a grounded jetliner, further evidence of the company's battle to overcome a drop in air travel during the pandemic and crashes involving the 737 Max.

U.S. consumer prices rose slightly in September, led again by sharp increases in the index for used vehicles.

During the reporting month, the central bank bought USD 8.524 billion from the spot market and sold USD 3.217 billion, according to the monthly bulletin released by the RBI.

The company's market valuation declined Rs 9,347.78 crore to Rs 36,038.22 crore on BSE. In volume terms, 85.06 lakh shares were traded at BSE and over 14.50 crore shares on NSE.

The pandemic seems to be driving a surge of early retirements as businesses close or downsize and older people weigh the health risks of continuing to work.

The RBI has said the issue price for the SGB Scheme 2020-21 Series VII has been fixed at Rs 5,051 per gram of gold, however, investors applying for the issue online will get a concession of Rs 50 per gram, their base price will be Rs 5,001 per gram.

Shares of Vedanta Ltd fell 10% on Monday as the miner's attempt to buy back shares and delist itself failed, forcing it to return all the shares tendered as part of the process.

Gold fell back from a threeweek high on Monday as the dollar firmed, although hopes for a new U.S. coronavirus aid package checked the precious metal's losses.

Britain's government on Sunday urged businesses to prepare for the end of the Brexit transition period, saying that they need to take action whether or not a trade deal with the European Union is clinched.