Business

Advising people not to get too perturbed with the forecasts of negative growth, he said the economy will recover for sure assuming that there are no further lengthy and complete lockdowns in future.

Stock markets edged higher and perceived safehaven assets were steady on Wednesday as investors awaited news from the U.S. Federal Reserve's latest policy meeting.

RollsRoyce is planning a share issue to raise up to 1.5 billion pounds ($1.9 billion) to plug a capital shortfall as a slow recovery in demand for air travel threatens the aviation industry, four sources told Reuters.

U.S. consumer confidence fell more than expected in July amid a flareup in COVID19 infections across the country, which is threatening the economy's recovery from an unprecedented recession caused by the pandemic.

Marlboro maker Altria Group Inc said on Tuesday it expected fullyear earnings to rise as much as 4% from last year and announced plans to make IQOS heatedtobacco devices available in more markets across the United States.

Expectations of a borrowing deluge from corporates globally are turning bond market attention to a littleknown tool that's already helping smooth trading of illiquid debt the way exchangetraded funds (ETFs) did years ago.

The company is concluding the exercise it began late May and there are no plans for any further restructuring, Swiggy said.

To a query on how many bank employees are involved in fraud cases and how much amount is involved, the RBI replied the information on the question is not available.

Fitch Ratings said state banks already face significant execution risks in raising equity due to depressed stock market valuations and weak investor interest..

The drug maker said the additional funding will support its late-stage clinical development including the expanded Phase 3 study of Moderna's vaccine candida.

According to the USFDA, Lupin is recalling 4,92,858 bottles of Metformin Hydrochloride extended-release tablets in 500 mg and 1,000 mg strengths, while Hydera.

Apart from LNG, the focus is to take ethanol economy to Rs 1 lakh crore, Nitin Gadkari said addressing members from an European Economic Group..

The reserves had crossed the half-a-trillion mark for the first time in the week ended June 5, after it had increased by $ 8.223 billion to reach $ 501.703 billion.

The Income Tax Department will share PAN and bank account details of any entity with 10 investigative and intelligence agencies, including the CBI and the NIA.

The ED is also probing his alleged business links with Vaibhav Gehlot, the son of Rajasthan chief minister Ashok Gehlot, in the FEMA case.

According to the report, the fall in demand is likely to result in a 13.1 per cent year-on-year (YoY) decline in revenue of discoms (distribution companies) t.