Business
Centre Plans to Seek Cabinet Nod for 25% Stake Sale in LIC: Report
The timing of the insurer’s initial public offering will be dependent on market conditions, and the sale is likely to be done in tranches, the report said.
Top Traders See Tepid Oil Demand Recovery, Flat Prices
The heads of the world's largest trading houses predicted on Tuesday tepid oil demand recovery and flat prices due to the coronavirus pandemic in coming months and possibly even years although said peak demand will not be reached until next decade.
Explainer: The $4 Trillion U.S. Government Relies On Individual Taxpayers
The U.S. government's over $4 trillion (£3.12 trillion) annual budget, the world's largest, relies heavily on individual wage earners whose taxes and retirement benefits are deducted from every paycheck, leaning particularly on the top 20% of income earne...
Bargain Hunting Lifts European Shares; COVID-19 Keeps Dollar In Demand
European shares opened higher on Monday after strong economic data from China helped lift sentiment in the Asian session, but the dollar was in demand with investors cautious over the second wave of COVID19 and upcoming U.S. elections.
Saudi Arabia To Hold Virtual G20 Summit On November 21-22
The G20 leaders summit will be held virtually? ?on Nov. 2122, Saudi Arabia said on Monday, as the COVID19 pandemic thwarted Riyadh's hopes of hosting the gathering in the kingdom to boost its international standing.
Amazon To Kick Off Holiday Shopping With October Prime Day
Amazon is aiming to kickstart the holiday shopping season early this year.
NTPC Seeks Bids for Biomass Pellets to Fuel Thermal Power Plants, Says Govt
The state-owned power producer aims to use 5 million tonnes of pellets, made from crop waste, to fuel 17 of its power plants in the current year, the statement said.
Russia Sees Oil Output Rising After OPEC+ Deal Expires In 2022: Economy Ministry
Russia expects its oil production to increase after the current OPEC+ deal on output curbs runs its course in April 2022, data from the economy ministry published on Saturday showed.
G20 Exploring Structural Approaches To Boost Funding For Developing Countries
The Group of 20 major economies on Friday said they are looking at structural approaches to secure longerterm financing for developing countries, including development of domestic capital markets and work to catalyze private sector investment.
Wall Street Ends Higher As Tech Rally Squashes Virus Fears, But S&P Down For Week
Technology stocks again rode to Wall Street's rescue on Friday, lifting the main indexes more than 1%, but the Dow and the S&P 500 still posted their longest weekly losing streaks in a year as fears of a slowing economy sparked an almost monthlong rout.
Wall Street Closes Higher As Tech Rally Squashes Virus Fears
Technology stocks again rode to Wall Street's rescue on Friday, lifting the main indexes more than 1%, but the Dow and the S&P 500 still posted their longest weekly losing streaks in a year as fears of a slowing economy sparked an almost monthlong rout.
Business Events And Scheduled For The Coming Month.
Business events and economic reports scheduled for the coming month:
India's Economy to Experience Record Contraction in 2020-21, Says S&P
India's weak fiscal settings will worsen further this year, constraining the government's ability to aid the economy, it said.
New Products In Health & Hygiene Spike In Last 6 Months With 1,897 Launches: Nielsen
FMCG companies introduced total 1,897 products in health and hygiene segment in March-August, registering over 18-fold jump as compared to the preceding six months, said a report from data analytics firm Nielsen. The companies introduced products in cat...
Sensex Snaps 6-day Losing Streak, Rallies 835 Points to Reclaim 37k-mark
All Sensex components ended in green, with Bajaj Finserv, HCL Tech, Bharti Airtel, IndusInd Bank, L&T, TCS, ONGC and ICICI Bank, Bajaj Finance and SBI gaining up to 6.64 per cent.
GM Energises China Line-up With Electric Micro Car
When 32yearold photographer Jaco Xu needed a runaround car for work in the eastern city of Hangzhou, the price tag on the latest micro EV from GM's China joint venture overcame his qualms about electric vehicles.