Business
5-year Criteria of Gratuity Should Be Reduced to One, Parliamentary Committee Suggests
The recommendations were part of the report on the Code of Social Security, 2019, which was submitted to the Lok Sabha Speaker, Om Birla on July 31.
Gold steadies near record high as dollar stumbles
Gold prices held steady near record highs on Thursday as a weaker U.S. dollar and hopes of more stimulus measures to mitigate the economic fallout from the pandemic underpinned the metal's safehaven appeal.
New York prosecutors subpoenaed Deutsche Bank in Trump probe - New York Times
The Manhattan district attorney's office, which has been seeking President Donald Trump's tax records, subpoenaed his longtime lender Deutsche Bank last year, suggesting its criminal investigation into Trump's business practices is more wideranging than p...
Global Markets: Asia futures mixed as gold prices hold near record peak
Asia futures were mixed on Wednesday and gold traded mixed, after U.S. and European equities gained overnight on strong earnings results.
Pfizer announces deal with Canada for experimental COVID-19 vaccine
Pharmaceutical giant Pfizer Inc and German biotech firm BioNTech SE on Wednesday said they had signed a deal to supply Canada with an experimental coronavirus vaccine.
Japan's new top regulator says no 'one-size-fits-all' fix for regional banks
There is no "onesizefitsall" solution for Japan's regional banks, which are suffering from a shrinking population, ultralow interest rates and the hit from the coronavirus pandemic, the country's new top financial regulator Ryozo Himino said.
Rupee Gains 10 Paise to Close at 74.94 against US Dollar Tracking Positive Domestic Equities
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.19 per cent to 93.20.
Investors launch climate plan to get to net zero emissions by 2050
An investor group managing more than $16 trillion on Wednesday launched the world's first stepbystep plan to help pension funds and others align their portfolios with the Paris Agreement on climate change.
Britaina`s National Grid plans to test hydrogen heating for homes
Britain’s National Grid is planning a 10 million pound ($13 million) project in the north west of England to test how hydrogen could be used to heat homes and bring down greenhouse gas emissions from industry, it said on Wednesday.
Ralph Lauren revenue sinks as pandemic hammers demand
Ralph Lauren Corp said on Tuesday its quarterly revenue plunged by nearly $1 billion, as it struggled with coronavirusled store closures and a slowdown in demand for luxury goods across the world.
French bank SocGen reshuffles management structure
French bank Societe Generale announced on Tuesday a wide management reshuffle in a move to reduce costs and boost synergies following two consecutive quarterly losses.
Japanese bank MUFG posts 53% profit drop on credit-related costs
Mitsubishi UFJ Financial Group Inc (MUFG), Japan's largest lender by assets, on Tuesday said its net profit fell 52.9% in its first quarter to June 30 after creditrelated costs ballooned during the coronavirus pandemic.
BP to cut fossil fuels output by 40% by 2030
Energy group BP will increase its lowcarbon spending to $5 billion a year by 2030 and boost its renewable power generation to 50 gigawatts (GW) while shrinking oil and gas output by 40% compared with 2019, it said on Tuesday.
Sony first-quarter operating profit falls just 1.1%, beats analyst estimates
Japan's Sony Corp on Tuesday reported a 1.1% decline in firstquarter operating profit, much milder than market estimates as its gaming business thrived while consumers locked down at home looked for entertainment and downloaded more games.
Japanese minister to visit Britain for 'difficult' talks on trade deal
Japanese Foreign Minister Toshimitsu Motegi will visit Britain this week for what he said will be difficult talks with British Trade Minister Liz Truss, in the hope of finding middle ground and concluding a postBrexit trade deal.
Chipmaker AT&S sees profitability growth on strong demand from smartphone makers
Austrian chipmaker AT&S on Tuesday reported a 13.2% increase in its firstquarter core profit and forecast profitability to increase in the second quarter thanks to strong demand from smartphone makers.