Business

Turmoil in money market mutual funds sparked by the coronavirus pandemic shows that decadeold reforms to the $4.4 trillion industry may not be enough to avert major outflows during a future crisis, Deputy U.S. Treasury Secretary Justin Muzinich said on Tu...

Regeneron Pharmaceuticals Inc on Tuesday said its experimental twoantibody cocktail reduced viral levels and improved symptoms in nonhospitalized COVID19 patients, enhancing its chances of becoming a treatment for the disease that has killed over a millio...

Rosneft and Saudi Aramco are unlikely to bid in the privatisation of Indian refiner Bharat Petroleum Corp, sources familiar with the matter said, as low oil prices and weak demand curb their investment plans.

JPMorgan Chase admitted Tuesday to manipulating the markets for precious metals and U.S. Treasuries, agreeing to pay $920 million in fines and penalties for the illegal behavior.

A highest of 20 such cases were related to Indian Railways, three each in Central Board of Indirect Taxes and Customs (CBIC) and Oil and Natural Gas Corporation (ONGC) Ltd, two each in Indian Council of Agriculture Research (ICAR), Ministry of Health and...

India and the US had on July 17 signed a preliminary agreement for cooperating on emergency crude oil reserves, including the possibility of India storing oil in the US emergency stockpile.

Global stocks were mixed Tuesday after Wall Street rallied as investors looked ahead to a debate between President Donald Trump and his challenger in the November election, Joe Biden.

Oil prices fell on Tuesday, paring gains from the previous session, as persistent demand concerns due to the coronavirus pandemic outweighed hopes for a new U.S. stimulus package.

U.S. stocks jumped on Monday, bouncing back from the longest weekly losing streak in a year for the S&P 500 and the Dow, with technology, banks and travel shares leading the advance.

Real yields on major sovereign bonds are deeply negative and expectations for positive returns anytime soon have disappeared as aggressive monetary easing and asset purchase programmes have much further to run, a Reuters poll showed.

The Committee of Directors appointed by the RBI will exercise the discretionary powers of the MD and the CEO in the ad-interim.

The Black Founders Development Program will connect Black founders with Accenture’s business partners and clients. Accenture will also directly invest in Black tech start-ups through a new fund.

Federal Aviation Administration (FAA) Chief Steve Dickson is set to conduct an evaluation flight at the controls of a Boeing 737 MAX next week, a key milestone as the U.S. planemaker works to win approval to resume flights, the agency told lawmakers.

Stocks were set to fall more than 2% this week and the dollar was on track for its strongest week since April as concern over the economic effect of a second wave of virusrelated lockdowns continued to weigh on investors' risk appetite.

Business events and economic reports scheduled for the coming month:

Citing an example, he said earlier the market depended on China and Vietnam for bamboo for making incense sticks (agarbatti), but now the duty has been increased to 25 per cent.