Posted on Sun, 2 Aug 2020 05:12:07 +0530 - business
German health group Siemens Healthineers said on Sunday it was buying U.S cancer treatment device maker Varian Medical Systems Inc for $16.4 billion, giving it a foothold in the oncology sector.
Posted on Sun, 2 Aug 2020 04:59:00 +0530 - business
The MPC, headed by RBI Governor, is scheduled to meet for three days beginning August 4 and announce its decision on August 6.
Posted on Sun, 2 Aug 2020 04:17:02 +0530 - business
The West Bengal State Electricity Distribution Co Ltd (WBSEDCL) has been facing financial woes with minuscule
collections in April and May resulting in an over Rs 2,000-crore shortfall.
Posted on Sun, 2 Aug 2020 03:09:30 +0530 - business
The Tehran Stock Exchange’s benchmark TEDPIX index gained 46,844 points in early trading, the official IRNA news agency said, up 2.4%.
Posted on Sun, 2 Aug 2020 03:11:51 +0530 - business
Record participation by retail investors in a recent Hong Kong initial public offering and sky-high demand in some other IPOs has forced big investors to hold onto newly listed shares.
Posted on Sun, 2 Aug 2020 11:07:00 +0530 - business
In contrast, the market valuation of Tata Consultancy Services (TCS) jumped Rs 47,054.91 crore to Rs 8,56,463.05 crore..
Posted on Sun, 2 Aug 2020 10:50:07 +0530 - business
For a faint moment, energy traders had an inkling that demand for jet fuel, the worsthit product in fuel markets due to the coronavirus pandemic, might stage a bit of a rebound.
Posted on Sun, 2 Aug 2020 03:08:02 +0530 - business
LATAM Airlines will fire "at least" 2,700 workers in Brazil, including pilots, its Brazilian arm said on Saturday, as the bankrupt carrier struggles to cut costs and cope with an industry collapse due to the COVID19 pandemic.
Posted on Sun, 2 Aug 2020 08:16:09 +0530 - business
Brazil has chosen Andre Brandao, head of global banking and markets for the Americas at HSBC in the country, as the new chief executive of statecontrolled lender Banco do Brasil SA, a government source said on Saturday.
Posted on Sun, 2 Aug 2020 03:13:08 +0530 - business
One day later, the administration of President Donald Trump announced a $765 million financing deal with Eastman Kodak, and in the days that followed the stock soared, making those additional options now held by executive chairman Jim Continenza worth tens of millions.
Posted on Sun, 2 Aug 2020 07:54:09 +0530 - business
Two thirds of British businesses say they are now "fully operational" after the coronavirus lockdown, up from half in June, according to a survey on Sunday.
Posted on Sun, 2 Aug 2020 07:41:27 +0530 - business
Former Petroleos Mexicanos Chief Executive Emilio Lozoya has left hospital, where he was taken suffering from health problems upon his arrival back in Mexico two weeks ago to face corruption charges, government officials said on Saturday.
Posted on Sun, 2 Aug 2020 07:34:07 +0530 - business
German group Siemens Healthineers AG is in advanced talks to purchase Varian Medical Systems Inc, a maker of devices and software for treating cancer, in a deal that will value the medical device maker at about $15 billion (11.5 billion pounds), Bloomberg News reported late on Saturday.
Posted on Sun, 2 Aug 2020 07:30:07 +0530 - business
British Trade Minister Liz Truss will meet top U.S. officials in Washington in coming days to assess progress on reaching a free trade agreement between the two countries, a spokesman for the U.S. Trade Representative's Office said on Saturday.
Posted on Sat, 1 Aug 2020 11:26:20 +0530 - business
LPG cylinders are being sent to the flood-affected people by using boats, while delivery men have been maintaining social distancing norms to curb the spread of the coronavirus disease, he said.
Posted on Sat, 1 Aug 2020 11:20:23 +0530 - business
While many analysts are expecting a rate cut of 0.25 per cent to accommodate for growth, some have opined that the price rise situation may result in the RBI going for a pause.
Posted on Sat, 1 Aug 2020 11:02:07 +0530 - business
Brazil's government has chosen Andre Brandao, head of global banking and markets for the Americas at HSBC in the country, as the new chief executive of statecontrolled lender Banco do Brasil SA, local media reports said on Saturday.
Posted on Sat, 1 Aug 2020 08:18:09 +0530 - business
LATAM Airlines is poised to fire at least 2,700 workers in Brazil, including pilots, starting with a voluntary redundancy process slated to commence next week, O Globo and O Estado de S. Paulo newspapers reported on Saturday.
Posted on Sat, 1 Aug 2020 07:42:06 +0530 - business
Once a company is listed, its promoters are required to bring down their shareholding down to 75 per cent within the stipulated minimum shareholding period so as to meet minimum public float of 25 per cent.
Posted on Sat, 1 Aug 2020 06:52:45 +0530 - business
The tweaking of the Emergency Credit Line Guarantee Scheme (ECLGS)was done based on demand from trade bodies and in line with new MSME definition approved by the Union Cabinet in June.
Posted on Sat, 1 Aug 2020 06:42:07 +0530 - business
Chilean regulators have rejected lithium producer SQM's $25 million environmental compliance plan for the Atacama salt flat, requesting the miner to start again from scratch, a filing showed.
Posted on Sat, 1 Aug 2020 04:50:31 +0530 - business
The ministry further said although the June collections were higher than that in July, however, it is important to note that during the previous month, a large number of taxpayers also paid taxes pertaining to February, March and April 2020 on account of the relief provided due to COVID-19.
Posted on Sat, 1 Aug 2020 04:24:49 +0530 - business
The finance minister was responding to a question on apprehensions raised by certain states about the reported AG opinion on GST compensation.
Posted on Sat, 1 Aug 2020 03:53:33 +0530 - business
As part of the 'Aatmanirbhar Bharat Abhiyan' package, the finance minister in May had announced that there will be a maximum of four public sector companies in strategic sectors, and state-owned firms in other segments will eventually be privatised.
Posted on Sat, 1 Aug 2020 11:42:09 +0530 - business
Foreign investors made record net purchases of Chinese bonds traded through the country's Bond Connect programme in July, boosted by record yield premiums over U.S. debt.
Posted on Sat, 1 Aug 2020 03:37:20 +0530 - business
In an address to lawmakers, Pinera said public investment in 2020-2022 will reach $34 billion, of which $4.5 billion had not previously been announced. The center-right leader warned against populist solutions to Chile’s economic woes, which include huge inequalities and a recession worsened by the impact of COVID-19.
Posted on Sat, 1 Aug 2020 05:13:44 +0530 - business
The Bank of Baroda has alleged in a complaint that Rs 80 crore was disbursed by the banks, but the project was left in the lurch in its initial stages, the officials said.
Posted on Sat, 1 Aug 2020 09:50:09 +0530 - business
Chevron Corp on Friday reported an $8.3 billion quarterly loss, its largest in at least three decades, and joined rival oil producers in writing down billions of dollars in assets due to plunging demand for fuel.
Posted on Sat, 1 Aug 2020 09:46:06 +0530 - business
Armed with an emergency fund of more than 2 billion euros (£1.80 billion), the European Commission wants to strike deals with up to six drugmakers for their vaccines for their 450 million citizens against the coronavirus that has killed 674,000 people worldwide.
Posted on Sat, 1 Aug 2020 03:34:08 +0530 - business
Most money managers are wary of cutting equity exposure too drastically in a market that has rallied more than 40% since late March and stands near all-time highs despite widespread economic devastation and a global coronavirus pandemic.
Posted on Sat, 1 Aug 2020 03:27:48 +0530 - business
Britain’s finance ministry has said furlough payments totalling 32 billion pounds ($42 billion) so far have been made in respect of a cumulative 9.5 million jobs, but does not publish figures on the current number of furloughed workers.
Posted on Sat, 1 Aug 2020 08:50:07 +0530 - business
President Donald Trump said on Friday he would sign an executive order as soon as Saturday to ban TikTok in the United States, ratcheting up the pressure on the popular shortvideo app's Chinese owner to sell it.
Posted on Sat, 1 Aug 2020 12:08:36 +0530 - business
Presently, nine mines have been put up for commercial mines auction in Chhattisgarh. Joshi, who is on a visit to Chhattisgarh, also met Chief Minister Bhupesh Baghel.
Posted on Fri, 31 Jul 2020 11:13:26 +0530 - business
Divestment beyond majority stake is the first step because it will help relax the fiscal constraint in terms of dependence of public sector banks on the government for capital, he said.
Posted on Fri, 31 Jul 2020 10:58:29 +0530 - business
U.S. stocks fell on Friday as uncertainty over the government's next coronavirus aid exacerbated economic worries related to the pandemic, countering early euphoria from stunning quarterly results by Apple, Amazon.com and Facebook.
Posted on Fri, 31 Jul 2020 10:39:53 +0530 - business
The case for direct financing is made on the argument that government borrowing this year has ballooned way beyond normal, Subbaro said.
Posted on Fri, 31 Jul 2020 10:36:22 +0530 - business
The European Union's executive on Friday wrapped up preliminary talks with French drugmaker Sanofi aimed at securing its COVID19 vaccine for the 27country EU bloc, the latest deal with vaccine producers.
Posted on Fri, 31 Jul 2020 10:18:10 +0530 - business
U.S. crude oil production plummeted in May, falling a record 2 million barrels per day to 10 million bpd, the U.S. Energy Information Administration said in a monthly report Friday.
Posted on Fri, 31 Jul 2020 10:14:22 +0530 - business
Crispin Odey, one of Britain's highestprofile hedge fund managers and political donors, has been charged with sexually assaulting a woman, prosecutors said on Friday.
Posted on Fri, 31 Jul 2020 10:14:09 +0530 - business
Caterpillar Inc on Friday predicted no improvement in equipment sales, an outlook that sent its shares down after secondquarter earnings sank during a crippling recession sparked by the coronavirus pandemic, which made customers wary of big purchases.
Posted on Fri, 31 Jul 2020 10:02:07 +0530 - business
Chinese gold dealers were forced to offer the steepestever discounts this week as physical demand plunged, while the Indian market flipped to a premium again.
Posted on Fri, 31 Jul 2020 09:40:07 +0530 - business
The United States on Friday imposed sanctions on a powerful Chinese company in the Xinjiang province and two officials for what it said were human rights abuses against Uighurs and other ethnic minorities.
Posted on Fri, 31 Jul 2020 09:32:08 +0530 - business
U.S. consumer spending increased for a second straight month in June, setting up consumption for a rebound in the third quarter, though the recovery could be limited by a resurgence in COVID19 cases and the end of expanded unemployment benefits.
Posted on Fri, 31 Jul 2020 09:18:09 +0530 - business
The euro zone's economy recorded its deepest contraction on record in the second quarter, preliminary estimates showed on Friday, while the bloc's inflation unexpectedly ticked up in July.
Posted on Fri, 31 Jul 2020 09:12:07 +0530 - business
Merck & Co on Friday said it plans to advance an antiviral treatment for COVID19 into large studies in the coming weeks, and it forecast a more limited hit to fullyear sales and profit from coronavirus lockdowns than it previously expected.
Posted on Fri, 31 Jul 2020 08:54:10 +0530 - business
Gold rose on Friday, trading near its all time peak, as a sliding dollar and dire economic numbers from far and wide sparked a rush to safety in bullion, which is on course for its biggest monthly gain in over four years.
Posted on Fri, 31 Jul 2020 08:12:07 +0530 - business
France's Alstom SA clinched EU antitrust approval on Friday to acquire Canadian rival Bombardier Inc's rail business in a deal that will elevate it to the world's secondlargest rail maker after China's CRRC Corp .
Posted on Fri, 31 Jul 2020 08:06:09 +0530 - business
The S&P 500 and Dow gave up early gains on Friday as concerns about the economic damage from the COVID19 pandemic replaced early euphoria from stunning quarterly earnings reports by Apple, Amazon.com and Facebook.
Posted on Fri, 31 Jul 2020 08:04:08 +0530 - business
OPEC oil output has risen by over 1 million barrels per day (bpd) in July as Saudi Arabia and other Gulf members ended their voluntary extra supply curbs on top of an OPECled deal, and other members made limited progress on compliance.
Posted on Fri, 31 Jul 2020 08:02:53 +0530 - business
Kapil and Dheeraj Wadhawan, promoters of Dewan Housing Finance Ltd (DHFL) and RKW Developers respectively, were arrested in April by the CBI in connection with the scam.