Business

Tesla Inc is set to join the S&P 500 in December, a major win for Chief Executive Elon Musk and his shareholders, triggering a massive $51 billion (£39 billion) trade as index funds are forced to buy the electric car maker's shares.

Tesla will be added to the S&P 500 index on Dec. 21. Based on its market value Monday, the electric car maker would be one of the top 10 companies in the benchmark index upon entry.

Home rental startup Airbnb Inc disclosed paperwork for its initial public offering (IPO) on Monday that showed a slowdown in its core business due to the COVID19 pandemic, even as it prepares for one of the most anticipated stock market debuts in recent y...

U.S. Presidentelect Joe Biden planned to meet with labor leaders and chief executives from tech, retail and auto companies on Monday during a conference call on the economy, a transition aide said.

The Dow hit a record high on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID19 vaccine trial, raising hopes of a quicker economic recovery from a pandemicled recession.

Home Depot is reuniting with former subsidiary HD Supply, buying the company in a deal valued at about $8 billion.

New capital rules for banks and investment firms will be implemented at the start of 2022, six months later than originally indicated to give industry more time to prepare, the British authorities said on Monday.

A look at some of the key business events and economic indicators upcoming this week:

US gold futures were up 0.5% at $1,894.90. The dollar index was down 0.2% making bullion cheaper for holders of other currencies.

During the period under review, a net amount of Rs 35,109 crore was pumped by overseas investors in Indian markets. FPIs had invested a net sum of Rs 22,033 crore in the preceding month.

China should ensure financial innovation maintains fair competition and does not create oligopolies or construct barriers to entry, a Chinese regulatory official said Saturday.

The Trump administration on Thursday unveiled an executive order prohibiting U.S. investments in Chinese firms that Washington says are owned or controlled by the Chinese military, ramping up pressure on Beijing after the U.S. election.

The West Bengal real estate industry welcomed the Union government's announcement of doubling the circle rate differential to 20 per cent and said it will help them immensely to liquidate unsold housing stocks of the builders.. The differential of circl...

Consumption of refined fuels, a proxy for oil demand, rose 2.5% in October from the prior year to 17.78 million tonnes and nearly 15% higher from the previous month, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum &...

BMW AG Chief Executive Oliver Zipse said Wednesday he is weighing options for the company's mobility services joint venture with Daimler AG, including bringing in new partners or possibly a partial sale.

Commodity merchant Louis Dreyfus Company has agreed to sell a large stake to Abu Dhabibased holding company ADQ, opening itself up to outside investment for the first time after a decade of uncertainty over its family ownership.