Business

World stock markets racked up record highs on Thursday and the dollar fell as investors bet major stimulus from new U.S. President Joe Biden and unswerving global central bank support would cushion the coronavirus' damage and bolster economic growth.

Oil rose on Wednesday on expectations that U.S. President Joe Biden's administration will deliver massive stimulus spending that will lift fuel demand and enact policies that will tighten crude supply.

Health insurer UnitedHealth Group Inc beat quarterly profit estimates for the fourth quarter on Wednesday, helped partly by lowerthanexpected medical costs due to fewer elective surgeries as hospitals made room for COVID19 patients.

The Bank of England said on Wednesday the aim of its banking stress test this year is to check if banks can continue helping the economy during the pandemic and if a return to more normal levels of dividends is possible.

The Indian stock market is expected to open with higher points as the SGX Nifty indicated a positive opening for the domestic market as it was trading 11 points higher at 14,495.80.

German automaker Volkswagen AG lost sales of tens of thousands of cars in China as a global chip supply shortage impacted its production in December, the head of its China operations, Stephan Wollenstein, said on Wednesday.

Netflixs video streaming service has surpassed 200 million subscribers for the first time as its expanding lineup of TV series and movies continues to captivate people stuck at home during the ongoing battle against the pandemic.

The Rajasthan government on Monday suggested to the Centre that the states be compensated the revenue deficit resulting from lower than expected GST collections due to coronavirus pandemic and economic slowdown. Local Self Government Department Ministe...

Oil prices were mixed on Monday as a betterthanexpected quarterly rebound for China's economy countered fears over soaring COVID19 cases around the world and tight restrictions that could dent economic growth and fuel consumption.

Domestic steel makers like Tata Steel, ArcelorMittal Nippon Steel India (AMNS India) and Rashtriya Ispat Nigam Ltd (RINL) said they will continue to support the government in the nationwide drive and will wait till vaccines are available for corporates.

Gold prices rose on Monday, after hitting a 11/2month low earlier in the session, as prospects of a massive U.S. coronavirus relief aid outweighed a stronger dollar and lifted bullion's appeal as an inflation hedge.

The aim behind this IPO is to augment the company's equity capital base to meet future growth requirements and general corporate purposes.

The petition in the Delhi High Court has been filed by lawyer Sudhir Kathpalia, who was also a shareholder in Lakshmi Vilas Bank (LVB) and lost his 20,000 shares in the company due to the amalgamation scheme.

Banks and housing finance companies have been offering home loans at rates starting from 6.75 percent-6.9 percent a year. But before you consider making the shift, here are some important things to consider.

A Massachusetts company has been granted approval to operate commercial drone flights without a person directing the machine and keeping it in sight.

Fiat Chrysler and PSA will seal their longawaited merger on Saturday to create Stellantis, the world's fourthlargest auto group with deep enough pockets to fund the shift to electric driving and take on bigger rivals Toyota and Volkswagen.