Business
Delhi Govt Mulling New Excise Policy That Will Increase Liquor Prices by 50%
The moves could push liquor rates in Delhi to an all-time high and change the way booze is sold in Delhi NCR by the government and privately owned shops.
Four Years Into Voyage And Metres From Land, Tanker Crew Still Stuck Aboard
Nearly four years into their odyssey at sea, the fivemember crew of oil tanker MT Iba is tantalisingly close to shore, yet still unable to set foot on dry land.
Oil Climbs To 13-month High On Output Cuts, Weaker Dollar
Oil prices scored their seventh straight session of gains for both benchmark contracts on Tuesday, hitting their highest since late January 2020, as supply cuts by major producers and optimism over a recovery in fuel demand support energy markets.
Sensex Ends at 51,348 for the First Time Ever, Nifty Settles Above 15,000
The record high level was led by strong gains in auto and metal stocks amid positive global cues.
Chinese Demand Helps German Manufacturers Weather COVID-19 Pandemic
Germany's industrial sector avoided a contraction in December despite coronavirus lockdowns at home and abroad as strong demand from China helped exportoriented manufacturers in Europe's largest economy weather the COVID19 pandemic.
Sensex Rallies Over 600 Pts to Hit Record High; Nifty Tops 15,100
Equity benchmark Sensex rallied over 600 points to scale fresh lifetime high in early trade on Monday tracking strong gains in index majors ICICI Bank, HDFC Bank and M&M amid a positive trend in global markets. The 30share BSE index was trading 668.36 p...
Hyundai, Kia Shares Dive As Automakers Puncture Investor Dream Of Apple Car Tieup
South Korea's Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed earlystage talks with the tech giant, sending the automaker's shares skidding.
SBI Shares Jump to a Record High After Trade Analysts Raise Earnings Estimates
According to trade analysts, the rise in the largest Indian commercial bank is attributed to the bank’s third quarter sequential numbers, which have been very impressive and beyond expectations.
Govt to Begin Third Round of Privatisation of 6-10 Airports in April, Says Official
In her budget speech on the floor of the Parliament, Finance Minister Nirmala Sitharaman, too, had said that this year the government will privatize airports operated by AAI from tier II and III cities.
Diesel-Petrol Price Today: Fuel Prices Hiked By 30 Paise Per Litre For Second Consecutive Day
Diesel-Petrol Rates Today: In the national capital, the price of petrol was increased by 30 paise from Rs 86.65 per litre to Rs 86.95 per litre, and diesel saw an upward revision from ₹ 76.83 per litre to ₹ 77.13 per litre.
International Monetary Fund Welcomes India's Focus on Growth in Union Budget
Finance Minister Sitharaman on Monday proposed a sharp increase in expenditure on infrastructure, doubling of healthcare spending and raising the cap on foreign investment in insurance in her Budget for the next fiscal in a bid to pull Indian's economy ou...
Clorox Sees Flat Sales Growth In Second Half Of Year, Shares Skid
Clorox Co said it expects flat sales growth in the back half of the year and a slight decline in margins even as it raised its fullyear forecasts on Thursday, banking on households to keep up their heightened cleaning regimens during the pandemic.
Merck CEO Kenneth Frazier To Retire At The End Of June
Merck & Co Inc said on Thursday Kenneth Frazier, one of only a handful of Black executives leading major U.S. companies, will step down as chief executive officer at the end of June and be replaced by Chief Financial Officer Robert Davis.
KFC Parent Yum Beats Revenue, Profit Estimates On Strong Online Orders
Yum Brands Inc beat estimates for fourthquarter revenue and profit on Thursday, as Americans bought more tacos, pizzas and fried chicken online even as business of the KFC owner remained pressured in certain European markets.
KFC Parent Yum Posts Surprise Drop In Comparable Sales On Renewed Restrictions
Yum Brands Inc posted a surprise drop in fourthquarter comparable sales on Thursday, as an increase in online orders failed to cushion the impact from restrictions on restaurant capacity in certain markets.
Rio Tinto Board Could Face Pressure On Indigenous Broken Promise Claim
Rio Tinto chairman Simon Thompson is set to face further pressure over the board's handling of the destruction of sacred rock shelters in Australia after an Indigenous group accused him of breaking a personal promise, analysts said.