Business

The NSE Nifty 50 index rose 0.7% to 12,553.7 by 0512 GMT and the S&P BSE Sensex gained 0.85% to 42,60.09, led by banking and financial stocks.

Key events in the development of a COVID-19 vaccine by partners Pfizer Inc. and Germany's BioNTech:

The S&P 500 ended higher but closed just shy of a record on Monday as investors bet that a full economic reopening was finally in sight following the first positive data from a latestage COVID19 vaccine trial.

Oil surged about 8% on Monday, putting it on track for its biggest daily gain in more than six months after Pfizer announced promising results for its COVID19 vaccine, boosting risk assets around the globe.

Futures tracking the S&P 500 hit a record high on Monday after U.S. drugmaker Pfizer said its experimental vaccine was more than 90% effective in preventing COVID19 based on initial data from a large study.

Having grown rapidly to become Europe's thirdlargest lowcost airline and one of the few to apply the budget model to transatlantic flights, Norwegian Air is fighting for its survival again after the Oslo government on Monday ruled out further support.

Toyota Motor Corp more than doubled its fullyear operating profit forecast on Friday, as vehicle sales rebound in China from a coronavirus pandemic squeeze earlier this year that contributed to a 24% slide in secondquarter earnings.

The Federal Reserve kept its loose monetary policy intact on Thursday and pledged again to do whatever it can in coming months to sustain a U.S. economic recovery losing speed amid a spreading coronavirus pandemic and facing uncertainty over a stillundeci...

Uber's food delivery business brought in more money during the third quarter than its signature rides business , showing just how much consumer behavior has changed and how far the company has adapted since the pandemic struck.

The Department of Justice sued payment processing giant Visa Inc. on Thursday to block the company's purchase of financial technology startup Plaid, calling it a monopolistic takeover of a potential competitor to Visa's ubiquitous payments network.

Chinas biggest ecommerce firm Alibaba Group Holding on Thursday reported a 30% jump in quarterly revenue, as China recovers from the virus and online shopping demand remains high.

U.S. home rental company Airbnb Inc plans to make its initial public offering (IPO) registration public as early next week, setting course for a stock market debut next month even as the COVID19 pandemic intensifies, two people familiar with the matter sa...

This is also the first major hiring the bank has announced under its new chief executive and managing director Sashidhar Jagdishan.

The traders' body alleged that all these investments were in violation of FEMA Rules and Regulations, and urged the government to take immediate action.

Investors initially wagered that a possible Democratic sweep by Biden could ease political risk and provide a huge boost to fiscal stimulus.

Gold fell 1% on a stronger dollar on Wednesday after the latest voting tallies from the U.S. presidential election showed a tight race, with President Donald Trump winning in Florida and leading in a few other battleground states.