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

Divis LabsBusiness
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&Ts A M NaikBusiness
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)Business
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

Atlas Cycles shuts operations at last manufacturing unit. (Photo- Atlas Website)Business
Atlas Cycles now only a childhood memory as factory shuts operations

Employees claims the unit was shut without notice

5 Jun 2020 4:02 PM IST

SBI reports over four-fold jump in Q4 profit. (PTI Photo)Business
SBI Q4 profit jumps over four-fold to Rs 3,581 crore

Income of SBI during March quarter of last financial year rose to Rs 76,027.51 crore from Rs 75,670.5 crore in the same...

5 Jun 2020 3:22 PM IST

Sun Pharma initiates phase-2 clinical trials for potential COVID-19 treatment drug. (PTI Photo)Business
Sun Pharma begins phase 2 trial on AQCH, a potential COVID-19 drug

The company received approval from Drugs Controller General of India for conducting the trials of phytopharmaceutical...

5 Jun 2020 3:05 PM IST

Reliance Industries shares hit 52-wk high after Abu Dhabis Mubadala deal. (AP Photo)Business
Reliance Industries shares hit one-year high after another Jio deal

Mubadala Investment Company will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore

5 Jun 2020 2:09 PM IST

Elon Musk, CEO of Telsa Inc. (AFP Photo)Business
Tesla's Elon Musk calls for breakup of Amazon, says 'monopolies are...

The retailer had no comment on Musk's call but said the book in question, by author Alex Berenson was now available for...

5 Jun 2020 12:41 PM IST

A woman walks past a boutique with a sale sign, Thursday, June 4, 2020, in Cleveland Heights, Ohio. The state says more than 34,000 Ohioans filed unemployment claims during the last week of May. That is the lowest figure since Ohios stay-at-home orders depressed the economy and led to widespread layoffs. (AP Photo/Tony Dejak)Business
US unemployment rate seen near 20% in May as layoffs remain high

Consumer confidence, manufacturing and services industries are also stabilizing, though at low levels, hopeful signs...

5 Jun 2020 12:03 PM IST

Prime Minister Narendra Modi with his Australian counterpart Scott Morrison during the virtual summit on Thursday. (PTII Photo)Business
India, Australia ink pact to counter China

Two declarations and seven pacts in defence, cyber, mining and other sectors were announced after 'India-Australia...

5 Jun 2020 11:05 AM IST

Indian labourers work at a construction site on a roadside in New Delhi. Indias 2018-19 jobless rate declines to 5.8%. (AFP Photo)Business
Unemployment rate falls to 5.8% in 2018-19, says government report

Economists and industry leaders say India's unemployment rate has substantially gone up after the over two-month long...

5 Jun 2020 10:16 AM IST

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