Business

South Korea's Hyundai Motor Co said on Monday it swung to a net loss in the JulySeptember quarter, missing analysts' estimates by a large margin as a charge related to engine issues weighed on earnings.

Canadian oil and gas producer Cenovus Energy Inc will buy peer Husky Energy Inc in an allstock transaction valued at C$23.6 billion ($17.97 billion), inclusive of debt, the companies said in a joint statement on Sunday.

Italy's antitrust regulator said on Friday that Ryanair, easyJet, Vueling and Blue Panorama were now offering to refund passengers whose flights they cancelled citing the coronavirus outbreak.

American Express Co on Friday warned that business travel spending would not pick up before early 2022 after reporting underwhelming thirdquarter profit due to weak spending on travel and entertainment by its card users.

The number of accounts till September 9, 2020, under PMJDY was 40.63 crore, of which 22.44 crore accounts were held by women and 18.19 crore by men, said the RTI reply to Madhya Pradesh-based activist Chandra Shekhar Gaur.

West Bengal Chief Minister Mamata Banerjee on Friday announced that employees of state- run Webel Ltd and techies of agencies engaged will now be treated as contractual staffers of the state government, terming it a 'Durga Puja gift'. The chief minister...

In addition, the World Bank had announced a 15-month target of USD 160 billion in surge financing. Much of it is for the poorest countries and will take the form of grants or low-rate, long-maturity loans.

Gold steadied as the dollar eased on Friday but was still set for its first weekly loss in three as doubts grew over a U.S. stimulus agreement before next month's presidential election.

The company at present is under corporate insolvency resolution process but the attached properties are not covered under the process being adjudicated by the national company law tribunal (NCLT), the agency claimed.

"Foodgrain production will be better than last year. As per the initial estimates, foodgrain production is projected to be 144.52 million tonnes in the 2020-21 kharif season," Tomar said addressing a digital conference organised by industry body CII.

Global shares were mixed on Friday as investors weighed concerns about the U.S. presidential election and an economic stimulus package, on top of flaring outbreaks of coronavirus.

When Facebook and Twitter moved quickly this week to limit the spread of an unverified political story published by the conservativeleaning New York Post, it led to predictable cries of censorship from the right. But it also illustrated the slippery hold...

India's exports increased 5.99 per cent yearonyear to $27.58 billion in September, according to the government data released on Thursday.

The report, quoting sources, says that the SP Group has also alleged 'tweaks' in the pre-qualification bid criteria to allow firms with experience in steel building projects (along with the original requirement for experience in concrete buildings) to acc...

Wall Street's main indexes inched higher in choppy trading on Wednesday as investors digested a mixed bag of quarterly earnings reports from major U.S. banks.

The Cabinet Committee on Economic Affairs (CCEA) also allowed Abu Dhabi National Oil Co, which has hired a part of the strategic storage, to trade the stocked oil, union Minister Prakash Javadekar told reporters here.