Business

Volkswagen said its 2020 adjusted operating profit nearly halved but said its car deliveries had recovered strongly in the fourth quarter.

The incoming chief executive of Intel Corp said on Thursday that most of the company's 2023 products will be made in the company's factories but outlined a dualtrack future in which Intel will lean more heavily on outside factories.

World stock markets racked up record highs on Thursday and the dollar slipped as investors bet major stimulus from new U.S. President Joe Biden and unswerving global central bank support would cushion the coronavirus' damage and bolster growth.

Civil rights groups on Thursday celebrated President Joe Bidens swift revocation of a Trump administration order that had banned federal agencies, contractors and recipients of federal funding from conducting certain diversity training.

Facebook is passing the buck for its indefinite suspension of former president Donald Trump to a quasiindependent oversight board, setting up a major test of the recently established panel.

One of the final acts of the Trump administration this week was declaring that China's policies and actions in regard to Muslims and ethnic minorities in the western Xinjiang region constitute crimes against humanity and genocide.

Oil prices slipped on Thursday after industry data showed a surprise increase in U.S. crude inventories that revived pandemicrelated fuel demand concerns, while U.S. stimulus hopes buoyed prices.

The World Trade Organization recommended on Thursday that the United States revise a series of duties imposed in the preTrump era on South Korea, presenting new U.S. President Joe Biden with a dilemma.

Stocks that moved heavily or traded substantially Wednesday:

Asian shares were mostly higher ahead of Joe Biden's inauguration as U.S. president Wednesday, though worries about surging coronavirus cases sapped the Japanese market's early gains.

Luxury goods group Richemont posted a 5% increase in sales at constant currencies for the three months to Dec. 31, driven by strong growth at its jewellery brands in Asia Pacific and the Middle East.

Benchmark U.S. crude oil for February delivery rose 62 cents to $52.98 a barrel Tuesday. Brent crude oil for March delivery rose $1.15 to $55.90 a barrel.

Bank of America Corp. says its fourthquarter profit fell nearly 18% to $5.47 billion from $6.99 billion a year earlier.

Bank of America Corp posted a drop in fourthquarter profit on Tuesday as historically low interest rates hurt its consumer banking business.

The 30-share BSE index ended 834.02 points or 1.72 per cent higher at 49,398.29.

The Department of Telecommunications (DoT) had last month said it will approach the Union Cabinet for approval of the structure of production-link incentives for telecom gear makers in India.