Business

The possible arrival of a coronavirus vaccine in the coming weeks means the Federal Reserve may soon have to lay out its plans for helping the economy navigate the potentially choppy transition to a postpandemic world.

French food group Danone laid out plans on Monday for becoming a more efficient organisation in a postCOVID world, including by cutting costs, trimming product ranges and reorganising its business.

Saudi Arabia hosts the G20 summit Saturday in a first for an Arab nation, with the downsized virtual forum dominated by efforts to tackle the coronavirus pandemic and a crippling economic crisis.

Bharti Infratel shares too rallied up over 9 per cent on the bourses. On the BSE, the scrip surged 9.46 per cent to Rs 203.15. Similarly, on the NSE, it gained 9.49 per cent to Rs 203.55.

Fitch Ratings said raising medium-term growth rates under these circumstances will require reforms to support investment and boost productivity and it will take time to assess whether the reforms are implemented effectively.

Oil prices were little changed on Friday, on track for a third consecutive weekly rise, but demand concerns stemming from surging coronavirus cases and renewed lockdowns in several countries capped any further gains.

Stocks that moved heavily or traded substantially Thursday:

The S&P 500 and the Dow edged lower on Thursday as new coronavirus restrictions and an unexpected rise in weekly jobless claims raised fears of stalling economic growth in the absence of new stimulus measures.

China's State Council approved the establishment of an interministerial committee to enhance efforts to combat unfair competition, the government said on its website on Thursday.

TCS has informed that board members have given their nod for the buyback by passing a special resolution. November 28 has been set as the record date for determining the name of shareholders who will participate in the buyback.

Bugatti President Stephan Winkelmann will also become head of luxury brand Automobili Lamborghini, taking on a double role from December, parent group Audi said on Wednesday.

Global shares edged higher and the dollar perked up on Wednesday as further positive COVID19 vaccine news more than offset concerns around the stubbornly high global infection rate.

Spain's medicines agency authorised the launch of latestage trials of Johnson & Johnson's COVID19 vaccine on Wednesday as the race to develop successful vaccines intensifies.

Gold held to a tight range on Wednesday as investors were caught between optimism over the development of novel coronavirus vaccines and the chances of more economic support as the number of infections in some places surged.

As part of the moratorium, the regulator has capped deposit withdrawals by customers to Rs 25,000. Borrowers can withdraw above Rs 25,000 only for unforeseen expenses like medical treatment, education, etc.

Pipeline operator TC Energy said on Tuesday that Canadian indigenous group Natural Law Energy will invest up to C$1 billion ($763.77 million) in its Keystone XL oil pipeline, despite U.S. Presidentelect Joe Biden's promise to stop the project.