Business

U.S. private payrolls rebounded more than expected in January, suggesting the labor market recovery was back on track after the economy shed jobs in December as soaring COVID19 infections hurt operations in the leisure and hospitality industry.

Silver rose more than 2% on Wednesday on bets for a pickup in industrial demand, regaining some ground following a sharp retreat from a near eightyear peak scaled with the help of a social mediainspired buying frenzy.

German carmaker Daimler plans to spinoff Daimler Truck, the world's largest truck and bus maker, to allow it to focus on zeroemission vehicles and selfdriving technologies.

Japanese electronics and media giant Sony Corp on Wednesday hiked its fullyear profit outlook by a third as it taps surging demand for video games, music and movies as people feast on home entertainment amid COVID19 lockdowns.

For purchasing 24-carat gold, you will have to pay Rs 1,000 more as compared to the rate of the 22-carat metal.

Global stock markets surged for a second day on Tuesday, spurred by increased optimism about more U.S. stimulus and recovery, while retail investors retreated from GameStop and their fleeting interest in silver, causing their prices to tumble.

Toyota Motor Corp, Fiat Chrysler and other major automakers said on Tuesday they were joining General Motors in abandoning support for former President Donald Trump's effort to bar California from setting its own zero emission vehicle rules.

HarleyDavidson Inc on Tuesday unveiled a fiveyear turnaround plan to target low doubledigit earnings growth through 2025 after unexpectedly swinging to a fourthquarter loss.

With millions of households relying on UPS for supplies and, more urgently, just-approved vaccines to combat a raging pandemic, package volumes for the delivery company soared in the fourth quarter and revenue spiked 21%.

Post-Budget rally continued for the second session with brisk buying in banking, finance and infra stocks. Supportive global cues and fresh foreign fund inflows added to the momentum, traders said.

GameStop shares slid in Frankfurt and U.S. premarket trade on Tuesday and a silver buying spree led by small investors subsided as retaildriven mania for shorted assets started to show signs of fizzling out.

Siemens Energy, which supplies turbines to the power sector, will cut 7,800 jobs to counter a drop in demand for new coalfired energy stations that has also hit rivals General Electric and Mitsubishi Heavy Industries.

Debasish Panda, Secretary, department of financial services and Tarun Bajaj, Secretary, department of economic affairs said, only public sector banks and private sector banks will be the shareholder of the ARC, commonly known as bad bank and management wi...

The BSE Sensex topped the 50,000 mark briefly before coming down a notch as it witnessed a strong rally in opening deals.

Asian stock markets extended gains on Tuesday on increased optimism about stimulus packages and global economic recovery, while retail investors retreated from GameStop and their newfound interest in silver.

Google will pay $2.6 million to more than 5,500 employees and past job applicants to resolve allegations that the internet giant discriminated against female engineers and Asians in California and Washington state.