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    US stocks close higher as energy sector leads gains

    New York, Aug 5 (IANS) US stocks finished higher on Tuesday, underpinned by solid gains in the energy sector.The Dow Jones Industrial Average rose 164.07 points, or 0.62 per cent, to 26,828.47. The S&P 500 increased 11.90 points, or 0.36 per cent, to 3,306.51. The Nasdaq Composite Index was up 38.37 points, or 0.35 per cent, to 10,941.17, Xinhua reported.Shares of US energy giants Exxon...

    • 6 hrs ago
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    Ratan Tata cites surge in shareholding value to counter Mistry's oppression claims (Ld)

    Mumbai, Aug 4 (IANS) Ratan Tata has cited the surge in the shareholding value of Cyrus Mistrys family in Tata Sons to counter Mistrys allegations of oppression of minority shareholders in the group.In his rejoinder affidavit filed in the Supreme Court in response to the affidavit filed by Mistry, Tata said that the Shapoorji Pallonji Group's Rs 69 crore...

    • 11 hrs ago
  • Business

    Outlook for external positions highly uncertain, risky: IMF

    New Delhi, Aug 4 (IANS) The outlook for external positions of countries is highly uncertain with major risks, according to a report by the International Monetary Fund (IMF).The report, titled '2020 External Sector Report: Global Imbalances and the Covid-19 Crisis', suggested that a further worsening in risk sentiment, for economies with pre-existing vulnerabilities, such as...

    • 11 hrs ago
  • Business

    'Indian economy might recover relatively faster from Covid downtrend'

    New Delhi, Aug 4 (IANS) Exhuming confidence on India's long-term economic prospects, Maruti Suzuki's Managing Director & CEO Kenichi Ayukawa has said the Indian economy may recover relatively faster from the Covid-induced downturn, as it did from the global financial crisis.In the company's Annual Integrated Report for the Financial Year 2019-20, Ayukawa...

    • 11 hrs ago
  • Business

    Ratan Tata accuses Mistry of creating 'smokescreen' of oppression

    New Delhi, Aug 4 (IANS) Hitting back on Cyrus Mistrys allegations, Ratan Tata, Chairman Emeritus of Tata Sons, has said that Mistry has created a smokescreen of oppression and mismanagement.In his rejoinder affidavit filed in the Supreme Court countering the affidavit filed by former Tata Sons Chairman Mistry, Ratan Tata said that the issues raised by Mistry were about the...

    • 12 hrs ago
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    SpiceJet gets Heathrow slots, flights from Sept 1 (Ld)

    New Delhi, Aug 4 (IANS) Airline major SpiceJet has secured slots to operate flights at Londons Heathrow Airport from September 1.In aviation parlance, a slot refers to the time period in which an aircraft is allowed to land or take-off from a particular airport.The current arrangement, under the bubble agreement between India and the UK, would remain effective up to October 23, the end of...

    • 13 hrs ago
  • Business

    SpiceJet gets Heathrow slots, flights from Sept 1

    New Delhi, Aug 4 (IANS) Airline major SpiceJet has secured slots to operate flights at Londons Heathrow Airport from September 1. In aviation parlance, a slot refers to the time period in which an aircraft is allowed to land or take-off from a particular airport. The current arrangement, under the bubble agreement between India and the UK, would remain effective up to October 23, the end of...

    • 13 hrs ago
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    NMDC sees sharp rise in iron ore production, sales

    Raipur, Aug 4 (IANS) Mining major NMDC Ltd, India's largest iron ore producer, has recorded a sharp rise in overall production and sales in July 2020 as compared to the corresponding period in July 2019, despite the pandemic, a company statement said on Tuesday. NMDC Ltd has been able to achieve excellent physical performance through its continual push towards higher volumes which saw...

    • 13 hrs ago
  • Business

    Banking, blue chip buy-ins lift equity markets

    Mumbai, Aug 4 (IANS) Healthy buying in the banking sector as well as in the auto sector pushed the Indian equity market higher on Tuesday. The market ended sharply higher on Tuesday after four sessions of losses. Even though the two key indices opened on a shaky note, buying at lower levels stabilised and pushed the market's trajectory higher.

    • 13 hrs ago
  • Business

    NMDC sees record jump in iron ore production, sales in July

    New Delhi/Raipur, Aug 4 (IANS) Mining major NMDC, India's largest iron ore producer and a diversified Navaratna PSU, recorded a sharp rise in its overall production and salesin July as compared to the corresponding period last year.During this period, despite the current uncertain situation due to Covid-19, NMDC has been able to achieve excellent physical performance through its...

    • 14 hrs ago

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