Business

Travel company TUI said it will shut 166 stores in the UK and Ireland in response to the downturn in travel caused by the coronavirus pandemic, in a move which will lead to more losses in the battered sector.

Oil prices inched up on Wednesday after a steep drop in U.S. crude inventories, but another record day for coronavirus cases worldwide kept gains in check.

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General Motors Co on Wednesday said if the U.S. economy continues to recover from the coronavirus pandemic and the auto industry does not experience any further production shutdowns, the No. 1 U.S. automaker should be able to generate enough cash to pay o...

Australian biotechnology company Vaxine Pty Ltd expects to start Phase II trials of its potential COVID19 vaccine in the next few weeks after "positive" results from the first stage human study, chairman Nikolai Petrovsky said on Wednesday.

General Motors Co on Wednesday posted a smallerthanexpected loss for the second quarter, as pickup truck sales and aggressive costcutting helped mitigate the impact of a forced shutdown to slow the spread of the coronavirus which left its North American p...

Normally refiners do not carry out maintenance during the monsoon, but head of refineries at Bharat Petroleum Corp R Ramachandran said the Covid crisis has changed that.

Pakistan on Tuesday allowed the import of 300,000 metric tonnes of sugar to meet a shortage in production below consumption levels, the finance ministry said, a move that could support global prices.

Spanish Foreign Minister Arancha Gonzalez Laya said on Tuesday she hopes the will shown by Turkey to open a dialogue on oil drilling in the Eastern Mediterranean will be followed by action.

Stating that recent agriculture reforms have opened new opportunities, the RBI Governor said the farm sector is emerging as a bright spot.

During the pandemic, the company has witnessed people buying in more volumes as the frequency of visiting stores has declined.

Tata is seeking GBP 900 million from a UK government fund which was set up to provide support for strategically important businesses crippled by the pandemic.

The 'Bharat Petroleum Voluntary Retirement Scheme - 2020 (BPVRS-2020)' opened on July 23 and will close on August 13..

Huge outflow in April was mainly due to redemption pressure and lack of liquidity issues. Moreover, shutdown of six debt schemes by Franklin Templeton Mutual Fund added to the woes.

Das said the top priority right now for banks and financial intermediaries should be for augmenting capital levels and improve resilience..

Forex traders said positive opening in domestic equities, foreign fund inflows and hopes of COVID-19 vaccine supported the rupee.