Oil inches higher, but gains capped by widening economic impact of coronavirus outbreak

Oil prices were slightly higher on Wednesday with gains limited by the widening economic impact from the coronavirus epidemic that started in China, although new confirmed cases fell for a second day in the province at the centre of the outbreak. China is struggling to get manufacturing back on line

Bloomberg to sell his company if elected president - campaign

Democratic presidential contender Michael Bloomberg will sell Bloomberg LP, the financial information company that made him a billionaire, if he is elected to the White House in November, his campaign confirmed on Tuesday. Bloomberg has risen quickly in opinion polls since entering the race for the

Analyst Corner: ‘Neutral on Glenmark Pharma; PT at Rs 330

GNP expects 10-15 ANDA approvals annually. Gross debt stands at Rs46.8b and net debt at Rs36.5b as of Dec’19.

Shaktikanta Das: ‘If opinions differ… better I address govt directly, internally… focus only on outcome’

RBI Governor Shaktikanta Das underlined the central bank s focus on growth and financial stability, its relationship with the government and the challenge in sustaining the first trickle of positive numbers.

Combustible Australia, combustible world

Does it matter whether Australia mutates diametrically from a land of immigrants to one of emigrants, of climate refugees? “It is conceivable that much of Australia simply becomes too hot and dry for human habitation,” concludes US climatologist Michael Mann. While what are euphemistically described

This day 25 years ago: Learn from Mexico

Jet Airways: CoC decides to extend deadline for bids to 10 March after Russian Fund shows interest in grounded airline

The deadline for submitting the bids for Jet Airways, which is undergoing insolvency process, ended on Monday

RBI Governor Shaktikanta Das: Focus on growth intact, will not let NBFCs collapse

Asserting that the central bank has the space for independence and autonomy, RBI Governor Shaktikant Das said all decisions taken in the last year are our own objective, independent decisions .

Modi, the prince among men in famine of opposition leaders

The Congress could not have had a more propitious time to bounce back into reckoning as now when the BJP is fast losing its sheen, having suffered a spate of reverses in State elections. With the Citizenship Amendment Act (CAA) weighing it down, the BJP is unrelenting in defending it. If today despite

QBiz: Voda Idea Chairman Meets Telecom Secy; ONGC Stock Plunges

Your daily round-up of the latest business news on QBiz.

Sharad Pawar’s demand of SIT probe move to get Dalits back into NCP fold

Mumbai: The controversy over investigation of the Bhima Koregaon case seems to be aimed at bringing back the Dalit vote bank to the NCP fold. NCP chief Sharad Pawar’s demand of instituting a special investigation team (SIT) probe into the case is a masterstroke to weaken the Dalit base of Reublican

Asian shares inch higher, euro teeters on weak economic outlook

Asian shares and U.S. stock futures edged cautiously higher on Wednesday as investors tried to shake off worries about the coronavirus epidemic following a slight decline in the number of new cases. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.01%. Australian shares were

Walmart International sales up 2.3% as Flipkart boosts e-comm numbers

Net sales at Walmart International increased by 2.3 per cent year-on-year (y-o-y) to $33 billion in Q4FY20, the US-based retailer said in a statement.

GFG Alliance acquires Adhunik Metaliks, arm in Rs 425-crore cash deal

The transaction marks GFG Alliance s entry into India, one of the world s fastest-growing steel markets, Liberty House said.

Rupee dives 22 paise against dollar as COVID-19 takes toll on markets

The 30-share Sensex and the Nifty settled with losses for the fourth straight session Tuesday, as the ongoing adjusted gross revenues (AGR) issue weighed on telecom and financial stocks.

Coronavirus outbreak: Asian markets fall as virus hits earnings, growth

Asian markets tumbled on Tuesday after Apple warned the new coronavirus had hit output and demand in China, fuelling fears over the wider impact of the epidemic on corporate earnings and economic growth. Investors looked past a positive lead from European bourses to focus on the spiralling fallout from

Indian Pharma space has only 2-3 months Chinese API-IPA stock

Describing the situation in terms of raw material import from China as "grim," India Pharmaceutical Alliance (IPA) said the Indian Pharma Industry has enough stocks of active pharmaceutical ingredient (APIs) for two to three months only. Secretary General Sudarshan Jain said they were in touch

Coronavirus outbreak: Apple’s revenue needs a doctor

Apple is to miss its revenue forecast for the March quarter due to the coronavirus epidemic, the US tech giant said Monday, warning that iPhone supplies worldwide would also be impacted, underlining the economic cost of the health crisis. "We are experiencing a slower return to normal conditions

Barbeque Nation re-files for IPO to raise Rs 1,000 crore

Barbeque Nation Hospitality Ltd, the single largest player in organised dining space, has refiled a fresh draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The issue comprises a fresh issue of shares of Rs 275 and an offer

HSBC to slash 35,000 jobs, cut costs by $4.5 bn as earnings miss target

HSBC, the largest of Hong Kong's three currency-issuing banks, said on Tuesday it plans to cut as much as 35,000 jobs, reduce costs by an additional 4.5 billion US dollars and shrink its investment bank in Europe and the United States as part of a broad overhaul by interim Chief Executive Noel Quinn

‘No doubt, govt will meet fiscal deficit targets’: RBI

Throwing his weight behind Finance Minister Nirmala Sitharaman's budget numbers, Reserve Bank Governor Shaktikanta Das has said that there is no reason to doubt that the government will be able to cut fiscal deficit to 3.5% of the GDP in the fiscal beginning April 1. Das said the government has