Business

JICA aims to contribute to the promotion of international cooperation, as a sole Japanese governmental agency in charge of ODA implementation.

Nestle said on Thursday it was offering $34.50 per share for the remaining 74.4% in peanut allergy treatment maker Aimmune Therapeutics it does not already own as it adds what it hopes will be a lucrative treatment to its portfolio.

United Airlines says it listened to customers and is dropping an unpopular $200 fee for most people who change a ticket for travel within the United States.

Chinese telecoms equipment maker Huawei Technologies Co Ltd is focusing on its budding cloud business, which still has access to U.S. chips despite sanctions against the company, to secure its survival, the Financial Times newspaper reported.

Mukesh Ambani's Reliance Retail on Saturday announced that it is acquiring the retail and wholesale business and the logistics and warehousing business from the Future Group for Rs 24,713 crore.

Oil prices inched lower on Friday as Hurricane Laura passed the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage and companies were beginning to restart operations.

Targeting higher inflation, as the Federal Reserve suggested it would do in a revamp of its monetary policy strategy on Thursday, could end up slowing growth instead of boosting it unless the U.S. central bank's message to households and businesses is car...

Boeing Co said on Friday that some airlines operating its 787 Dreamliners have removed eight jets from service after the planemaker identified two distinct manufacturing issues in the fuselage section.

Canadian banks are warning of a rise in credit impairments over the next year as the unwinding of government aid and loan deferral programs in coming months exposes lenders to the real damage to customers from the coronavirus crisis.

The number of stocks divested represents 2 per cent of the total equity share capital of the company as of June 2020, it said. The transaction of shares took place through an open market sale, the lender added.

Shares in auto technology group Veoneer picked up further gains in early trading after jumping 19% on Thursday as it unveiled a partnership with U.S tech giant Qualcomm in advanced driver assistance systems.

SoftBank Group Corp said on Friday it planned to slash its exposure to wireless carrier SoftBank Corp in a share sale worth 1.47 trillion yen ($13.8 billion) at Friday's close, marking an expansion of the conglomerate's asset sales.

Axis Bank was the top gainer in the Sensex pack, surging around 4 per cent, followed by IndusInd Bank, ICICI Bank, L&T, Tata Steel, Sun Pharma and ONGC. On the other hand, HCL Tech, Kotak Bank, Asian Paints, Infosys and HDFC Bank were among the laggards.

Apparel retailer Gap Inc reported a surprise 13% rise in quarterly comparable sales on Thursday, as consumers stuck at home due to the COVID19 pandemic bought more of its Old Navy and Athleta clothing online.

Stocks that moved heavily or traded substantially Thursday:

Investors raised their bets on higher U.S. inflation after Federal Reserve Chair Jerome Powell introduced a new strategy to allow the rate to rise above the 2% target, but market players still saw inflation remaining stubbornly below that level.