Business

Ryanair has cut its annual passenger target to 50 million passengers from a forecast of 60 million made in July, Group Chief Executive Michael O'Leary told Reuters in an interview on Wednesday.

ONGC was the top loser in the Sensex pack, shedding around 3 per cent, followed by Tata Steel, SBI, NTPC, ITC and Bajaj Finserv. On the other hand, Reliance Industries, Asian Paints, Infosys and Tech Mahindra were among the gainers.

Gold prices were steady on Wednesday as the metal was caught between a strengthening U.S. dollar and a pullback in global equities, with investors awaiting monetary policy strategies from central banks.

Asian stocks were set to come under pressure on Wednesday after Wall Street sank for the third consecutive day led by declines in heavyweight technology companies, and oil prices hit lows not seen since June.

Benchmark U.S. crude oil for October delivery fell $3.01 to $36.76 a barrel Tuesday. Brent crude oil for November delivery fell $2.23 to $39.78 a barrel.

The union that represents Canadian auto workers has picked Ford as a potential strike target in contract talks this year.

Beyond Meat will begin making plant-based meat in China later this year under an agreement announced Tuesday.

However, it did not disclose the quantum of stake on offer in the Request for Proposal (RFP). Following this, a pre-bid meeting was held on September 4 with potential bidders.

TikTok says it's working to remove videos of a man apparently taking his own life and banning users that keep trying to spread the clips on the popular social media platform.

Fitch Ratings cut its 2020 GDP forecast for emerging markets, excluding China, to (-) 5.7 per cent, from (-) 4.7 per cent estimated in June, mainly on account of a huge downward revision to India GDP forecast for the financial year ending March 2021.

Nine leading U.S. and European vaccine developers pledged on Tuesday to uphold the scientific standards that their experimental immunisations will be held against, amid a hurried global race to contain the pandemic.

Oil prices fell on Tuesday amid concerns over fuel demand as the peak U.S. driving season drew to a close and the U.S. Labor Day long weekend added to worries over rising coronavirus cases in more U.S. states.

The global economy is likely to recover to prepandemic levels by early next quarter, about three months earlier than previously expected, economists at Morgan Stanley said.

Budweiser beer maker AnheuserBusch InBev has started searching for a replacement for its longserving chief executive Carlos Brito, the Financial Times reported https://www.ft.com/content/101049df27ee4362973eb763a05dd7b6 on Monday.

According to reports, cement, steel and coal, which suffered heavy declines in the first quarter, recovered significantly in July 2020, even though the annualised numbers reflect contraction.

Happiest Minds Technologies raised Rs 316 crore from anchor investors on September 4. The investors included the Government of Singapore, Pacific Horizon Trust and Kuwait Investment Auth Fund, among others.