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Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, lost 1.91 billion euros in the second quarter. (AFP Photo)

Daimler Q2 loss widens on weak demand

CEO Ola Kallenius said it had worked to preserve cash reserves during a difficult time and was seeing the first signs...

23 July 2020 3:26 PM IST

Air India reduces monthly allowances of employees by up to 50%. (PTI Photo)

Air India slashes employee monthly allowances by up to 50%

The Air India order said 11 types of allowances for pilots would stand reduced by 40 percent

23 July 2020 2:58 PM IST

India to offer production linked incentives to boost manufacturing. (PTI Photo)

India plans to offer production linked incentives for five sectors

Incentives have also been announced for pharmaceutical companies for production of bulk drugs and on medical devices

23 July 2020 1:34 PM IST

Consumers in India are cautious about spending in the wake of the coronavirus pandemic. (PTI Photo)

78% Indian consumers cut spending amid COVID-19 crisis: KPMG

Consumers in tier-III cities were 1.4 times more inclined towards spending on apparel than tier-I cities, it said

23 July 2020 12:08 PM IST

US to pay Pfizer, BioNTech $1.95 billion for COVID-19 vaccine. (AFP Photo)

Pfizer, BioNTech reach $1.95 billion COVID-19 vaccine deal with US

The contract for 100 million doses of the vaccine amounts to a $39 price tag for what is likely to be a two-dose course...

23 July 2020 10:19 AM IST

Glenmarks trial results show significant faster time to clinical improvement with Favipiravir. (Representative Image)

Glenmark's Favipiravir shows positive results in Phase-3 COVID-19...

The results also demonstrated 40 per cent faster achievement of 'clinical cure' defined as the physician's assessment of...

23 July 2020 9:40 AM IST

Oil prices ticked higher on Thursday, although gains were limited by a surprise increase in U.S. crude oil reserves . (AFP Photo)

Oil ticks up, but gains capped by demand destruction

Prices have been marking time since hitting a four-month high earlier in the week on hopeful news about a coronavirus...

23 July 2020 9:08 AM IST

Bajaj Auto on Wednesday posted a 60.92 per cent decline in its consolidated net profit at Rs 395.51 crore for the first quarter ended June 30. (ANI Photo)

Bajaj Auto reports 61% fall in June quarter profit

Its total revenue from operations fell to Rs 3,079.24 crore for the April-June period, down 60.29 per cent

22 July 2020 2:23 PM IST

SEBI Chairman Ajay Tyagi said that spike in equity market retail participation seen since lockdown. (PTI Photo)

Retail investors flocking to stock markets amid COVID-19 crisis: SEBI...

New demat accounts have shot up as several participants were first time investors, Tyagi said at FICCI event on capital...

22 July 2020 1:19 PM IST

India gold prices hit all-time high, dampens retail demand. (AFP Photo)

Gold prices hit record high, crosses Rs 50,000-mark for first time

Silver was also in huge demand as its prices zoomed Rs 2,550 to Rs 60,400 per kg

22 July 2020 12:53 PM IST

India in May suspended 39 oil import licences to slow duty-free shipments from neighbouring nations, disrupting refiners in Nepal. (AFP Photo)

Nepal's refiners struggle as India stops refined palm oil imports

Palm oil stockpiles in Nepal have swelled to 70,000 tonnes, overwhelming local demand needs, said Sarda

22 July 2020 11:42 AM IST

Rana Kapoor, the founder of Yes Bank, sought bail on the ground that the investigation in the case was completed as chargesheet has been filed. (PTI Photo)

Yes Bank case: PMLA court refuses bail to Rana Kapoor

Kapoor had sought bail on the ground that the investigation in the case was completed as chargesheet has been filed

22 July 2020 10:54 AM IST