News

Russia to continue cooperation with OPEC to keep oil market balanced - Putin

Reuters Business News - 5 hours 26 min ago
President Vladimir Putin said on Wednesday that Russia and OPEC have 'a common goal' of keeping the oil market balanced and predictable, and Moscow will continue cooperation under the global supply curbs deal.
Categories: Business News

China's Great Wall aims to sell 300,000 WEY vehicles a year by 2025: chairman

Reuters Business News - 5 hours 27 min ago
China's top sport-utility vehicle maker Great Wall Motor aims to sell 300,000 of its premium brand WEY vehicles a year by 2025, its chairman said on Wednesday.
Categories: Business News

NCLAT approves delisting of Alok Industries

MoneyControl Business News - 5 hours 28 min ago
The appellate tribunal observed that the Securities and Exchange Board of India (Sebi) in its affidavit had also said that there is no requirement for permission of the market regulator for such delisting.
Categories: Business News

GoAir sticks to Pratt & Whitney engines in 70 Airbus A320neo it has ordered

Business Standard - 5 hours 29 min ago
The selection gives a boost to the US engine firm, which lost out to rival manufacturer CFM International for IndiGo's 280 aircraft engine order in June
Categories: Business News

China's Pinduoduo posts bigger loss as costs surge; shares tumble

Reuters Business News - 5 hours 30 min ago
China's Pinduoduo Inc reported a bigger-than-expected quarterly loss on Wednesday due to higher operating expenses, sending the e-commerce company's shares down 13% before the opening bell.
Categories: Business News

Thyssenkrupp to cut 640 jobs in its ailing System Engineering business

Business Standard - 5 hours 30 min ago
System Engineering, which makes assembly lines for the car, aerospace and battery industries
Categories: Business News

Global Markets: Sino-U.S. spat over Hong Kong knocks world shares off 22-month high

Reuters Business News - 5 hours 31 min ago
World stocks were knocked off 22-month highs on Wednesday as a flare-up in Sino-U.S. tensions and the creeping return of U.S. recession fears fuelled a bid for bonds and other "safe" assets such as gold.
Categories: Business News

Roughly $400 million of Ripple tokens tied to illegal activity: Elliptic

Reuters Business News - 5 hours 32 min ago
About $400 million of XRP tokens, the currency for the Ripple payment network, is tied to illegal transactions, according to findings released on Wednesday by London-based Elliptic, a provider of risk management systems for the cryptocurrency industry.
Categories: Business News

EC defers move to derecognise NCP, CPI and TMC as 'national parties'

Business Standard - 5 hours 32 min ago
If the parties get de-recognition they would be considered 'registered but not a recognised party'
Categories: Business News

GE Shipping's buyback committee approves closure of Rs 100-crore offer

Business Standard - 5 hours 32 min ago
The buyback committee of the company, at its meeting held today, has approved the closure of the buyback
Categories: Business News

PSA's small car platforms should be favoured in FCA merger: executive

Reuters Business News - 5 hours 33 min ago
Small car platforms developed by France's Peugeot should be favoured if plans to merge PSA and FiatChrysler go ahead, PSA executive Gaetano Thorel told Reuters on Wednesday.
Categories: Business News

Consumer spend survey: Panel didn't flag quality issues, ask for scrapping

Business Standard - 5 hours 37 min ago
Govt had said a committee of experts was formed and several 'concerns' related to the survey report was flagged to it
Categories: Business News

Investors have infused $1 bn in stressed real estate assets: JLL India CEO

Business Standard - 5 hours 41 min ago
It is the housing segment that presents "the maximum amount of stressed assets", Nair said
Categories: Business News

Mutual funds will join DHFL's IBC resolution process: Sebi chief Tyagi

Business Standard - 5 hours 42 min ago
Mutual funds, which have lent substantial sums of money to DHFL had not joined previous attempts at resolution, after financial woes at the company came to light
Categories: Business News

Subhash Chandra to sell 16.5% stake in Zee, become minority shareholder

Business Standard - 5 hours 51 min ago
Will sell 16.5% stake and retain 5.9%; promoters to retain management control
Categories: Business News

RBI supercedes DHFL board, appoints an administrator

Business News From Hindu - 5 hours 53 min ago
The banking regulator further said insolvency proceedings will be intimated against the company
Categories: Business News

Weak market may cause challenges for JLR in FY21 as well: Moody's

Business Standard - 5 hours 57 min ago
Tata Motors-owned JLR operates six sites in the UK, one in Slovakia and has a joint venture (JV) in China
Categories: Business News

RBI to supersede DHFL board, approach NCLT for bankruptcy proceedings

Business Standard - 5 hours 59 min ago
The central bank said it had appointed R Subramaniakumar, ex-MD and CEO of Indian Overseas Bank, the administrator for DHFL
Categories: Business News

Oil prices rise on Middle East tensions but trade tensions weigh

Reuters Business News - 6 hours 59 sec ago
Oil edged higher on Wednesday as Iran-related tensions escalated but receding hopes for a quick solution to the U.S.-China trade war which has dented global growth dragged on prices.
Categories: Business News

Volume issues to falling global prices, many concerns for Coal India stock

Business Standard - 6 hours 1 min ago
Muted volumes, declining coal prices and e-auction realisations, competition from private miners and stake sale overhang to weaken sentiment
Categories: Business News