Business

Barring Hindustan Unilever, all Sensex components ended in the red. IndusInd Bank was the top laggard, tumbling over 7 per cent, followed by Bajaj Finance, M&M, Tech Mahindra, TCS and Tata Steel.

U.S. prosecutors charged a former U.S. employee of a Swiss energy trading firm with bribery and a Florida company pleaded guilty to bribery as a probe into corruption in energy trading widened in the United States.

Nike Inc's shares were set to open at a record high on Wednesday after the world's largest sports shoemaker posted stellar quarterly results, driven by online sales.

Wilfried Haas owns a 3 kilowatt solar system which has been running as a micro power station since 1992, helping Germany, Europe's largest economy, curb its dependence on coal and nuclear power. All that might be about to change.

Gold dropped to a sixweek low on Wednesday as the dollar held onto its recent rally, while a lack of additional stimulus to aid the recovery of the coronavirusbattered global economy further weighed on sentiment.

Asia's stock markets struggled for gains on Wednesday and the U.S. dollar rose to a twomonth high as persistent worries about the global economic recovery had investors preferring safety.

Bank of Japan Governor Haruhiko Kuroda said the central bank was ready to extend its programmes aimed at easing corporate funding strains that expire early next year, as the coronavirus pandemic keeps the economic outlook highly uncertain.

After 14 stake sales in Jio Platforms, Reliance is lining up investors for its retail subsidiary, Reliance Retail, and has completed two deals in a span of two weeks.

Faced with the costs of competing in a world of electronic and algorithmic trading, many banks are outsourcing parts of their foreign exchange businesses, a trend that may cement big lenders' dominance of global currency trading.

Meanwhile, US economic policymakers opened the door to further aid for small businesses hit by the coronavirus but provided no quick path.

Oil prices fell on Wednesday after an industry group reported a surprise rise in U.S. crude, adding to worries about demand that led to a steep selloff earlier in the week.

Japan's factory activity extended declines in September largely due to a sharper fall in output, as the world's thirdlargest economy struggles to stage a robust recovery from the coronavirus pandemic.

The European Medicines Agency has been in contact this month with 38 makers of potential COVID19 vaccines, an official at the EU drugs regulator said on Tuesday.

Gold prices took a dive of three per cent on Monday, falling to its lowest level in more than a month. The price of spot gold also fell 3.2 per cent to $1,887.26 per ounce.

Investors are bracing for an extended period of market volatility, as worries over a potential resurgence in coronavirus cases and political uncertainty roil stocks.

American Airlines said on Monday it is starting to schedule Boeing Co 737 MAX training for its pilots in November, a sign that it believes a return to service of the grounded jet could be near.