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Federal Reserve signalled Wednesday that it will keep its key short-term interest rate near zero. (Photo- AFP)

US Fed leaves interest rates near zero, to use full range of tools to...

In its statement, the Fed said it is "committed to using its full range of tools to support the US economy in this...

30 April 2020 10:41 AM IST

Oil prices rise on early signs of slowing U.S. glut build. AFP Photo()

Oil prices rise after US crude storage build slows

U.S. Energy Information Administration data showed U.S. crude oil inventories grew by 9 million barrels last week to...

30 April 2020 8:42 AM IST

Daimler sees operating loss ahead in Q2 over virus. (PTI Photo)

Daimler sees operating loss as auto sales drop due to coronavirus

In January-March, Daimler reported a 92 percent slump in net profit

29 April 2020 1:46 PM IST

Axis Bank shares drop over 6 pc after Q4 net loss. (PTI Photo)

Axis Bank shares drop over 6% on Rs 1,387.78 crore loss

The private sector lender had reported a net profit of Rs 1,505.06 crore in the same quarter of the previous financial...

29 April 2020 1:04 PM IST

SEBI extended the deadline by six months for mutual funds to comply with the highest limits of investment in unlisted non-convertible debentures. (PTI Photo)

SEBI eases compliance norms for mutual funds on unlisted debt

Mutual funds were required to comply with the highest investment limit of 15 percent and 10 percent in unlisted NCDs by...

29 April 2020 9:45 AM IST

Fugitive diamond merchant Nirav Modi. (PTI Photo)

Nirav Modi remanded to custody, extradition trial from May 11 in UK...

Two additional charges of "causing disappearance of evidence" and criminal intimidation to cause death were added

29 April 2020 9:08 AM IST

Oil jumps above $14 a barrel after massive sell-off. (AFP Photo)

Oil jumps above $14 a barrel after massive sell-off

The Oil Fund had sold its contracts due to expire in June to move into longer-dated holdings amid fears about storage...

29 April 2020 8:40 AM IST

Mukesh Ambanis Reliance Industries to consider first rights. (PTI Photo)

Reliance Industries to consider first rights issue in three decades

The discussions come after Facebook revealed plans to spend $5.7 billion to buy a 9.99% stake in Reliance's digital arm

28 April 2020 2:41 PM IST

Nokia clinches $1bn deal with Indias Airtel. (AFP Photo)

Nokia secures $1billion network equipment order from India's Bharti...

Nokia said the Indian firm's rollout, which will also lay the foundation for providing 5G connectivity in the future,

28 April 2020 12:04 PM IST

HSBC Q1 pre-tax profits plunge 48% to $3.2bn. (AFP Photo)

HSBC's pre-tax profit falls 48% as virus batters global economy

Lender reported pre-tax profits of $3.2 billion, down 48 percent citing credit losses from clients hit by the economic...

28 April 2020 10:34 AM IST

FILE - Jeep vehicles are parked outside the Jefferson North Assembly Plant in Detroit. Fiat Chrysler is backing off a planned May 4 restart at its North American factories because some U.S. states still will have stay-home orders in place. The move likely means that factories of all three Detroit automakers will be idled for at least another two weeks as they negotiate reopening terms with the United Auto Workers union. (AP Photo)

US auto factories likely to remain closed for another two weeks

Detroit automakers will be idled for at least another two weeks as they negotiate reopening terms with the United Auto...

28 April 2020 9:27 AM IST

US proposes new restrictions on certain exports to China. (AFP Photo)

US proposes new restrictions on exports to China

New rules will require licenses for U.S. companies to sell certain items to companies in China that support the military

28 April 2020 9:05 AM IST