News

Gold prices slipped on Wednesday as the dollar firmed and investors played down any immediate impact on the global economy from the outbreak of a new coronavirus in China.

Total income in the latest quarter stood at Rs 2,507.6 crore against Rs 2,048.6 crore in the same period last year

ArcelorMittal Nippon Steel India (AMNS India) is a 60:40 joint venture between L N Mittal-owned ArcelorMittal and Japan-based Nippon Steel Corporation.

At the interbank foreign exchange market, the rupee opened strong at 71.17 and further gained slightly to hit a high of 71.16 against the greenback.

Most analysts expect the paint major to report double-digit growth in its net profit on yearly basis.

“India’s GDP growth weakened to its slowest rate in five years in the fiscal year ending March 2019, and the resultant financial pressure on rural households amid weaker job creation is in turn also weighing on premium growth,” said Moody’s Senior Vice President Benjamin Serra.

Indian shares rose modestly on Wednesday after two days of declines, as markets awaited a string of blue-chip earnings reports, with banking and IT services stocks leading gains.

General Motors Co's self-driving car unit, Cruise, on Tuesday unveiled a prototype electric vehicle with no steering wheel or pedals for use in its planned autonomous ride-sharing service.

Economic growth in the Gulf will pick up this year and next, helped by Saudi Arabia's investment programme and Expo 2020 in Dubai, although the region will continue to feel the impact of oil output cuts, a Reuters poll showed on Wednesday.

Xerox Holdings Corp is preparing to nominate as many as 11 directors to HP Inc's board, the Wall Street Journal reported on Tuesday, as the company seeks to push its $33.5 billion takeover offer for the personal computer maker.

Oil prices eased on Wednesday, extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half, helping ease concerns about disruptions that have slashed Libya's crude output.

Netflix Inc has entered a new year that will be far tougher than the one it left behind.

The stock surpassed its previous high of Rs 2,310 touched on October 10, 2019

According to the management, the domestic ad revenue was hit by the persisting slowdown in the key consumer sectors.

Domestic investors turned positive following recovery in other Asian markets after a day of massive selloff after the outbreak of a new deadly virus in China.

General Motors Co's self-driving car unit, Cruise, on Tuesday unveiled a prototype electric vehicle with no steering wheel or pedals for use in its planned autonomous ride-sharing service.

The Department of Telecom has approved raising of foreign direct investment (FDI) in the company to 100 per cent from 49 per cent allowed earlier.