Business

Earlier this month, the RBI had announced a recast package which focused on a case-by-case approach for restructuring rather than a blanket or sectoral approach. The central bank had also allowed small value non-corporate loans to be recast.

British inflation jumped unexpectedly last month to its highest rate since March, as clothing stores refrained from their usual summer discounts as they reopened after the coronavirus lockdown, official data showed on Wednesday.

Finland's biggest utility Fortum reported an 11% fall in its underlying secondquarter operating profit on Wednesday, dented by low power prices and the impact of coronavirus on its Russian business.

Global equities edged higher and the dollar fell to twoyear lows on Tuesday as the broad U.S. stock market scaled new peaks helped by betterthanexpected corporate earnings by retailers such as Walmart reporting record online sales.

GSTN said that to bring the entire computation to taxpayers by way of showing each invoice filed by the suppliers and showing eligibility against each, this functionality has been developed.

Spot gold rose 0.7% to $1,999.26 per ounce by 0717 GMT, having earlier hit a one-week high of $2,007.19. U.S. gold futures were up 0.5% at $2,007.60.

Japan's manufacturers were their least pessimistic in four months in August, the Reuters Tankan survey of business sentiment showed on Tuesday, but signalled a slow recovery from the coronavirus pandemic.

Canadian Finance Minister Bill Morneau resigned on Monday after friction with Prime Minister Justin Trudeau over spending policies and will also step down from his parliamentary seat.

The Nasdaq surged to an alltime high on Monday, while the S&P 500 approached its own record level, with both indexes lifted by Nvidia and other technology stocks.

Compliance with OPEC+ oil output cuts is seen at 95% to 97% in July, according to OPEC+ sources and a draft report seen by Reuters on Monday, two days ahead of a meeting of key OPEC+ producers to review adherence with their production pact as demand slowl...

McDonalds former CEO is asking a court to dismiss the companys lawsuit against him, calling it meritless and misleading.

It said degrowth in corporate GVA (better than expected results of some financial and non-financial companies) has been significantly better than revenue degrowth in Q1 FY21 as far as the results of the listed companies are concerned.

Shares crept back toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent selloff in longerdated U.S. Treasuries would be extended and perhaps take some pressure off the dollar.

It further said that with growing importance of central bank communication in market economies, the role of electronic and print media has gained importance.

President Donald Trump greeted the Democratic presidential ticket of Joe Biden and Kamala Harris this past week with a litany of distortion and falsehoods, raging against cases of voting fraud where they didn't exist and declining to quash conspiracy theo...

Welcoming the National Digital Health Mission, Biocon CMD Kiran Mazumdar Shaw said it gives India's healthcare sector a digital backbone and it is vital to make a difference to India's healthcare sector.