Business

Gold prices held steady near record highs on Tuesday as worries over the global economic fallout from mounting COVID19 cases offset pressure from a rebound in the U.S. dollar.

India's gold imports in July fell 24% from a year earlier as a rally in local prices to a record high curtailed retail purchases amid lockdown in many towns to curb the spread of the coronavirus, a government source said on Tuesday.

Australia's retailers are facing a consumption drought as the country's second biggest state locks down to fight the coronavirus and as data showed sales volumes suffered their biggest plunge in two decades in the second quarter.

Insurer American International Group Inc on Monday posted a 56% fall in quarterly adjusted earnings, spurred partly by higher catastrophe losses and lower privateequity returns.

U.S. shale producer Continental Resources Inc on Monday posted a biggerthanexpected secondquarter loss as the coronavirus crisis and related lockdowns pummeled demand for fuel and hammered oil prices.

Dallas Federal Reserve Bank President Robert Kaplan said on Monday that while "a lot" of his business contacts had complained that the nowexpired $600 weekly benefits to the unemployed made it harder for them to hire, the data does not show that they hurt...

Heineken saw a gradual recovery in its business after global COVID19 lockdowns in April, but uncertainty over the future impact of the pandemic left it unable to give a forecast for the rest of the year.

Oil prices fell on Monday on oversupply worries as OPEC and its allies are set to wind back output cuts in August and a rise in worldwide COVID19 cases points to a slower pickup in demand.

The COVID19 pandemic has led to a spike in investment among Britons, with millennials leading the way as they turn increasingly to the stock market.

Asian share markets turned mixed on Monday as U.S. lawmakers struggled to hammer out a new stimulus plan amid a global surge of new coronavirus cases, though a squeeze on crowded short positions gave the dollar a rare bounce.

The MPC, headed by RBI Governor, is scheduled to meet for three days beginning August 4 and announce its decision on August 6.

In contrast, the market valuation of Tata Consultancy Services (TCS) jumped Rs 47,054.91 crore to Rs 8,56,463.05 crore..

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.

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.

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.

EU antitrust regulators approved on Friday Alstom's bid for Bombardier Inc's rail business after the French TGV highspeed train maker agreed to sell assets to address competition concerns.