Business

Siemens does not see an urgent need for massive acquisitions to build up its size again after floating its turbine business Siemens Energy on Monday, a source close to the company said.

China expects a significant rebound in domestic travel over the upcoming Golden Week holiday after the sector was pummelled by the novel coronavirus for months, with some flights selling out and travel platforms reporting a surge in hotel bookings.

Stocks fell 2% around the globe this week and the dollar posted its strongest weekly performance since April as concern over the economic effect of a second wave of coronavirusrelated lockdowns weighed on investors' risk appetite.

Numaligarh Refinery Ltd (NRL) on Friday said it has signed a memorandum of understanding (MoU) with PSU major National Aluminium Company Ltd (NALCO) for supplying of calcined petroleum coke (CPC) for five years with an annual estimated sale of 40,000 me...

The capital raising committee of the bank at its meeting held on September 25 passed the resolution and approved the closure of the issue period for the QIP, it said in a regulatory filing.

The Reserve Bank of India will keep rates on hold until early next year in a delicate balancing act between curbing high inflation and lifting the economy from its worst recession on record, a Reuters poll of economists showed.

An international arbitration tribunal ruled that India's demand in past taxes were in breach of fair treatment under a bilateral investment protection pact.

After the slide it was the seesaw for markets on Friday, as stocks in large parts of the world, the euro and Dr Copper all headed for their worst weeks since peak coronavirus panic, and the dollar cemented its best run since April.

Rio Tinto Ltd. ignored repeated requests from traditional owners for sacred Australian rockshelters to be protected in the months before the site was blasted during a mine expansion, an Indigenous group said on Friday.

As per the FSSAI regulations, blending of two edible oils is permitted, provided the proportion by weight of any edible vegetable oil used in the blending process is not less than 20 per cent.

Iran and Russia's sovereign wealth fund RDIF are discussing the joint production of a vaccine against COVID19, Russian news agencies cited the Iranian ambassador to Moscow as saying on Friday.

Oil prices slipped on Friday and were set for a weekly decline due to mounting worries about the impact on fuel demand of a widespread resurgence in coronavirus infections, as well as some concern about the likely return of exports from Libya.

In Delhi and Mumbai, 22-carat gold is priced at Rs 48,360 and Rs 48,410. On the other hand, 24-carat gold in these two cities costs Rs 52,750 (Delhi) and Rs 49,410 (Mumbai).

The U.S. dollar dipped from a twomonth peak early on Friday as renewed hopes of U.S. stimulus eased investors' concerns about economic recovery, while the Chinese yuan gained after the country was added to a global bond benchmark.

Pfizer's German development partner BioNTech on Thursday joined other leading COVID19 vaccine developers in ruling out participation in British plans to test experimental inoculations by deliberately infecting trial volunteers.

The number of Americans filing new claims for unemployment benefits unexpectedly increased last week, supporting views the economic recovery from the COVID19 pandemic was running out of steam amid diminishing government funding.