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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

Oil fell on Tuesday, adding to huge declines in the previous session. (AP/AFP Photo)

Oil prices slide as world runs low on storage capacity

The main concern is that there is nowhere to store all the oil that is not being consumed due to the drop in global...

28 April 2020 8:40 AM IST

Representative Image. (PTI Photo)

Franklin Templeton Mutual Fund pledges to return investors money at...

The asset manager blamed redemption pressures and lack of liquidity in the bond markets for the "voluntary" action

27 April 2020 2:24 PM IST

Union minister Nitin Gadkari. (PTI Photo)

Convert world's 'hatred' for China into economic opportunity, says...

Interacting with overseas Indian students he said there is hatred for China. Is it possible to convert it into an...

27 April 2020 1:04 PM IST

Representative Image. (PTI Photo)

RBI unveils Rs 50,000 cr credit line for mutual funds

RBI also stressed it remains vigilant and will take whatever steps are necessary to mitigate the economic impact of...

27 April 2020 11:24 AM IST

Oil falls on storage woes in virus-hit market. (AFP Photo)

Oil falls on storage crisis as virus saps demand

Prices have collapsed in recent weeks as demand for the commodity evaporated owing to lockdowns and travel restrictions...

27 April 2020 10:12 AM IST

Representative Image. (PTI Photo)

India's holding of US government securities hits record high of $177.5...

US Treasury Department showed that the amount of securities owned by India has also gone up by the maximum quantum in a...

26 April 2020 12:34 PM IST

SAARC nations unveil emergency stimulus packages to tackle COVID-19 economic fallout. (PTI Photo)

SAARC nations unveil emergency stimulus packages

India responded by unveiling a Rs 1.7 lakh crore (USD 22.6 billion) economic stimulus plan

26 April 2020 12:12 PM IST