Business

Stocks started September on a positive note, with global indexes close to alltime highs and Europe edging higher, pushed up by Chinese factory data that showed a rebound in demand.

India's factory activity grew in August for the first time in five months as the easing of lockdown restrictions spurred a rebound in domestic demand, a private business survey showed on Tuesday, though firms continued to cut jobs.

Whoever succeeds Shinzo Abe as Japan's prime minister will be confronted with growing signs that the job market is deteriorating in an economy laid low by the coronavirus pandemic.

GDP shrank by a record 23.9% in April-June from a year earlier, official data showed on Monday.

Japan's factory activity contracted at the slowest pace in six months in August, reducing some of the heat on policymakers pressured to take more radical steps to prevent the economy from sliding deeper into recession.

Stocks that moved heavily or traded substantially Monday:

With a new policy framework in place, the Federal Reserve will turn to debating possible next steps in the U.S. central bank's fight against the economic fallout of the coronavirus pandemic, Fed Vice Chair Richard Clarida said on Monday.

The S&P 500 hovered near record highs on Monday as bets on an economic revival due to prolonged central bank support put the index on course for its best August in decades.

According to the data released by the Controller General of Accounts (CGA), fiscal deficit during April-July was at 103.1 per cent of the annual target or at Rs 8,21,349 crore.

Asian shares notched a 29month high on Monday as investors wagered global central banks would keep topping up the policy punchbowl for years to come, while an upbeat reading on China's service sector augured well for recovery there.

Berkshire Hathaway Inc said it has acquired slightly more than 5% of the shares in five large Japanese companies, marking a departure for Chairman Warren Buffett as he looks outside the United States to bolster his conglomerate.

China's factory activity grew at a slower pace in August as floods across southwestern China disrupts production while smaller firms continued to struggle, potentially tempering a robust recovery for the economy from the coronavirus shock.

It said the searches were carried out at 15 locations in Delhi, Gurgaon, Mumbai and Pune on Friday under various sections of the Prevention of Money Laundering Act (PMLA).

The RBI had announced a moratorium on repayment of debt for six months beginning March 1, 2020 to help businesses and individuals tide over the financial problems on account of disruption in normal business activities.

Khara will replace SBI Chairman Rajnish Kumar, whose three-year term comes to an end on October 7.

The country's foreign exchange reserves rose by USD 2.296 billion to reach USD 537.548 billion in the week to August 21, RBI data showed on Friday. In the