Topics: Business News

President Trump says, “It’s my decision when to reopen the U.S. economy.”

Befitting the reply on the governor's decision to reopen the U.S. economy, US President, Donald Trump on Tuesday said, "It's his decision when to...

Capital Float ropes $15 million in equity round funding from its existing investors

Bengaluru-based digital lending platform Capital Float has raised $15 million in equity round funding from its existing investors. In a statement issued on Monday,...

Market Analysis: OPEC+ agrees to a historic production cut

OPEC+ agreed to the largest production cut ever of 9.7 mbpd which accounts for 10% of the daily global crude supply. US, Brazil, and...

Fed expresses concerns on the reopening of Coronavirus hit economy

Federal Reserve boss Jerome Powell has expressed concerns on the reopening of coronavirus hit economy. For latest news updates, business news and world news, Like...

Market Analysis: Dow ends above 23,000 mark for the first time in a month

The Dow gained 3.4% to close above the 23,000 mark for the first time in a month despite the US seeing the largest number...
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Innovative “Eco-Business Park” To Be Built In Canadian City

The City of Summerside, Prince Edward Island, Canada is allocating $10 million towards the construction of an eco-industrial park that is meant to foster...

Market Analysis: Crude drops to 18-year lows

Crude prices fell to their lowest levels in 18 years yesterday as markets fear the world may run out of storage space. There is...

Facebook appoints Robert Kimmitt as a lead independent director

U.S. leading social networking giant Facebook Inc on Friday announced the appointment of the U.S. treasury's former deputy secretary Robert Kimmitt as a lead...

Coronavirus pandemic: Bank Of Canada slices key interest rate to 0.25 percent

In a bid to revive the coronavirus-affected economy, the Bank of Canada on Friday announced its plans to reduce its interest rate to 0.25...

COVID19 Update: US announces $58 billion aid to avoid airline industries bankruptcies

Governments stepped up efforts on Thursday to help airlines hammered by a virus-induced travel slump, with the United States offering $58 billion in aid,...
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Ashok Leyland adds more stakes in Hinduja Leyland Finance

India's leading automaker Ashok Leyland has acquired an additional stake in Hinduja Leyland Finance. In a filing with BSE on Thursday, Ashok Leyland said, "The...

Market Analysis: Stocks rise, USD weakened after US Congress approves stimulus package

We witnessed an emphatic recovery in global equities in the past couple of days. The US parliament approved a USD 2tn stimulus package which...

Online grocery startup BigBasket acquires milk delivery app DailyNinja for Rs 48 crore

India-based online grocery delivery startup BigBasket has completed the acquisition of 100 percent stakes in milk delivery startup DailyNinja. According to the Economic Times report,...

Coronavirus Update: TVS Electronics stops manufacturing operations till 31st March 2020

Aimed at securing employees, customers and stakeholders from the novel outbreak of coronavirus (COVID-19), India's leading technology giant TVS Electronics on Monday suspended its...

Adani Transmission Ltd buybacks Non-convertible debentures worth Rs 125 crore

India-based private transmission company Adani Transmission on Monday said that "It has brought back non-convertible debentures (NCDs) worth Rs 125 crore." The company in its...
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COVID-19: Hero Cycles set up Rs 100 crore contingency fund

In a bid to address the mitigating impact of coronavirus (COVID-19) on the partners and on the community, Leader in cycle making, Hero Cycles...

COVID-19 Update: Industry Bodies says, “India needs stimulus plan or it risks crippling small businesses”

India's small and mid-sized enterprises (SMEs) will struggle for survival if the government does not follow international counterparts in offering financial support to those...

Market Analysis: Fed announces unlimited QE, corporate bond purchases

The US Dollar has weakened across the board after the Fed unleashed a slew of unprecedented measures. The Fed said it would buy an...

Market Analysis: “COVID-19 to dry up the liquidity in the FX market, quotes to become wider as participation tapers off.”

The Global Coronavirus situation continues to become grim by the day. Several countries across Europe have come to a grinding halt on account of...

Enterprise-Cloud Governance startup CoreStack secures $8.5 million in Series A round funding from Naya Ventures

Chennai-based enterprise-cloud governance technology startup CoreStack has secured $8.5 million in series A round funding from Naya Ventures in participation with strategic investors. In a...
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Fintech startup Zaggle appoints Siva Kumar as its new CTO

India's leading fintech startup Zaggle has announced the appointment of Siva Kumar as the company's new chief technology officer. The company in its statement said,...

Ashok Leyland to acquire 19% stake in Hinduja Leyland Finance

India's leading automaker, Ashok Leyland, has announced the acquisition of an additional 19 percent equity shares in Hinduja Leyland from the existing shareholders. In a...

Market Analysis by Abhishek Goenka: Why is rupee not depreciating till now despite USD strength?

The Rupee has been one of the better-performing currencies amid the extreme panic and turmoil we have witnessed in global markets. On previous occasions...

Steve Mnuchin: “Coronavirus is worse than 9/11 for the airline industry”

Speaking with the press on Tuesday, Steve Mnuchin, Treasury Secretary of the United States, said, "The Coronavirus outbreak is worse than 9/11 for airline...

Bajaj Finance reappoints Rajeev Jain as Managing Director

India based finance company, Bajaj Finance on Wednesday announced the reappointment of Rajeev Jain as the company's managing director. In a filing at the Stock...
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Space tech startup Agnikul secures Rs 23.4 cr in Pre-series A round funding from Pi Ventures, Artha Ventures, and others

Chennai-based 3D printed single-piece rocket engine marker Agnikul has raised Rs 23.4 crore in Pre-series A round funding from pi Ventures. The new round of...

Market Analysis by Abhishek Goenka: Risks in USD INR are tilted to the upside

Strong resistance for the pair stands at 74.50 (all-time high). A break and sustain above 74.50 will open room for further upside and can...

Report: Trump administration looks for $850 billion to stem COVID-19 economic fallout

The Trump administration plans on seeking a $850 billion stimulus package aimed at buffering the economy against fallout from coronavirus, the Washington Post reported...

Market Analysis: “Dow sees worst fall (13%) since Black Monday crash of 1987 (22%)”

The European Union has decided to close all internal borders to permit only essential travel. Philippines, Malaysia have enacted movement controls. The Dow crashed close...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the first time ever for this year's annual general meeting (AGM) on March 18, urging...
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