Business

Silver Lake was the first US private equity firm to invest in Reliance Jio after tech giant Facebook took a 9.99 per cent stake in the company for Rs 43,573.62 crore.

Drug firm Jubilant Life Sciences on Friday reported a 52.42 per cent decline in its consolidated net profit to Rs 88.01 crore for the quarter ended June 30, 2020. The company had posted a net profit of Rs184.98 crore for the corresponding period of the...

Fearful of catching the coronavirus while also feeling the pinch from recession, Spaniards are increasingly shunning public transport and turning to cheap old cars, industry data shows, in a trend that risks more toxic emissions.

Bank of England interest ratesetter Michael Saunders said on Friday that it was "quite likely" that more stimulus will be needed for Britain's COVIDhit economy in a downbeat speech on the outlook.

World shares edged lower on Friday, and were on course for their worst week in more than two months, though gains in safer assets like bonds and the dollar were muted as investors awaited U.S. jobs data to see if it triggers a bigger selloff.

Diversified business entity ITC has accelerated digital transformation under the company's futureready strategy to enhance competitive advantage and operational effectiveness, its Chairman Sanjiv Puri has said. The current pandemic has accelerated mani...

The United States keeps regaining more of the jobs that vanished when the viral pandemic flattened the economy early this spring. Yet so deep were the layoffs that began in March that millions of Americans remain burdened by job losses that might prove pe...

Nokia Oyj's largest investor, the Finnish government's investment firm Solidium, has increased its stake to just over 5% for the first time, from about 4.8%, according to a regulatory filing.

The Indian mobile firm added, however, that it constantly evaluates opportunities for enhancing stakeholders’ value.

Oil prices tumbled on Thursday to their lowest point since early August as Wall Street sold off following U.S. unemployment data that fed fears of a slow recovery for the economy and fuel demand a day after weak U.S. gasoline demand data.

The number of Americans filing new claims for unemployment benefits fell below 1 million last week for the second time since the COVID19 pandemic started in the United States, but that does not signal a strong recovery in the labour market.

Fiat Chrysler's Jeep brand is starting to offer gaselectric hybrid and eventually full electric powertrains across its lineup.

The U.S. trade deficit surged to its highest level since 2008 in July amid a record increase in imports, suggesting that trade could be a drag on economic growth in the third quarter.

General Motors and Honda say they have signed a deal to explore sharing vehicle underpinnings and propulsion systems in North America.

French drugmaker Sanofi and its British peer GSK have started a clinical trial for a proteinbased COVID19 vaccine candidate, as pharmaceutical companies race to develop treatments against the COVID19 pandemic.

A gauge of global stocks rallied about 1% to an intraday record on Wednesday as investors looked to improving economic data and U.S. congressional negotiations for more stimulus to support the rebound from coronavirusfueled lockdowns.