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Airline sector unlikely to fully recover before 2023, says Moodys. (AFP Photo)

No full recovery in airline sector before 2023: Moody's

Many airlines have improved liquidity but at the cost of rising debt burdens

8 Jun 2020 12:03 PM IST

Fuel prices rise for second consecutive day. (PTI Photo)

Petrol, diesel prices hiked by 60 paise/litre for second day in row

Oil companies on Sunday raised prices by 60 paisa per litre on both petrol and diesel after ending a 83-day hiatus in...

8 Jun 2020 10:41 AM IST

Global shares advance on surprise recovery in US employment . (AFP Photo)

Global shares advance on surprise recovery in US employment

Labor Department's employment report showed that jobless rate falling to 13.3% last month from 14.7% in April, a...

8 Jun 2020 10:12 AM IST

Japan still in recession, but economy shrank at lower rate. (AFP Photo)

Japan's economy shrinks less than initial estimate but still in...

Export-dependent Japan's economy had contracted at an annual rate of 7.2% in the October-December period

8 Jun 2020 9:32 AM IST

Oil prices inch higher, one-month supply cut extension falls short of market hopes. (AFP Photo)

Oil prices inch higher after OPEC+ extends output cuts to end-July

On Saturday OPEC+ agreed to extend the deal by a third month through end-July

8 Jun 2020 9:03 AM IST

Mukesh D Ambani, chairman of Reliance Industries Ltd. (PTI Photo)

Abu Dhabi Investment Authority invests Rs 56.83 billion in Reliance...

Reliance has now sold just over 21% of Jio Platforms including Facebook Inc, securing nearly $13 billion in less than...

8 Jun 2020 8:45 AM IST

AstraZeneca Plc has approached rival drugmaker Gilead Sciences Inc about a potential merger. (AFP Photo)

AstraZeneca approaches Gilead about potential merger

Gilead, AstraZeneca and several other drugmakers are racing to develop vaccines for COVID-19

7 Jun 2020 4:06 PM IST

Auto component sector may see huge job losses if the automotive sector continues to face headwinds due to lack of demand amid coronavirus. (AFP Photo)

Huge job losses imminent in automotive sector if demand remains weak:...

ACMA President Deepak Jain said that auto industry body SIAM has already predicted an annual downturn of 35-40% due to...

7 Jun 2020 2:45 PM IST

US offers help in cleaning huge Russian oil spill. (AFP Photo)

Despite disagreements, US offers help in cleaning huge Russian oil...

President Vladimir Putin declared an emergency and said he expects the company to pay for the clean up, which could take...

7 Jun 2020 12:34 PM IST

Chinas exports in May fell a less-than-expected 3.3% compared with a year earlier. (AFP Photo)

China exports fall 3.3% in May, imports shrink 16.7%

Imports were estimated to have contracted 9.7%, recovering from a slide of 14.2% in April.

7 Jun 2020 9:46 AM IST

Ratings firm Crisil has reaffirmed BBB rating on Yes Banks over Rs 18,000 crore bonds . (PTI Photo)

Crisil affirms Yes Bank Rs 18k cr bonds rating at BBB

The agency has also reaffirmed its 'CRISIL A2' rating on certificates of deposit of Yes Bank

7 Jun 2020 9:03 AM IST

OPEC, Russia and allies agreed on Saturday to extend record oil production cuts until the end of July. (AFP Photo)

OPEC, Russia extend record oil cuts to end of July

OPEC+ also demanded countries such as Nigeria and Iraq to compensate with extra cuts in July to September

7 Jun 2020 8:44 AM IST