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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

Pharma major Divi's Labs reports 32.96 per cent rise net profit

Consolidated net profit was up to Rs 388.23 crore for the quarter ended March 31, 2020

6 Jun 2020 5:20 PM IST

L&T board reappoints AM Naik as non-executive chairman for three years

Starting off as a junior engineer in 1965, Naik has seen L&T become a multinational conglomerate

6 Jun 2020 4:26 PM IST

Finance ministry asked all ministries and departments not to initiate any new scheme in the current financial year. (PTI Photo)

No new government schemes for a year, Centre cuts back amid COVID-19...

Schemes that are already approved for the currrent financial year will remain suspended till March 31 next year or...

5 Jun 2020 4:25 PM IST