US equities closed higher as market's sentiment was lifted by a batch of stronger-than-expected earnings reports. The Dow Jones Industrial Average increased 51.47 points, or 0.19 per cent, to 27,192.45 on Friday. The S&P 500 was up 22.19 points, or 0.74 per cent, to ...
US President Donald Trump has threatened to slap Apple with tariffs on the components of its high-end Mac Pro computer, the most expensive of the company's products, if it finally decides to shift production from the US to China. "Apple will not be given tariff waiver, or relief, for Mac Pro parts that are...
Indian billionaire Anil Agarwal-controlled Vedanta Ltd will exit from its interest in Anglo American Plc by divesting entire stake held in the mining company through structured investments in equity shares by its group entities. The company on Friday announced that Cairn India Holdings Limited (CIHL), an ...
Sensex and Nifty opened on a flat note on Friday. Selling pressure was seen in sectors like metal, media and IT scrips during the early trade. At 9.16 a.m., the Sensex traded 26.32 points lower at 37,804.66 from its Thursday's close of 37,830.98. The broader Nifty was down 6.65 points at ...
A weaker-than-expected result saw Amazon shares down as the retail giant reported $63.4 billion in revenue with $2.6 billion in net income for the second quarter (Q2) of 2019. A year of record profit came to an end for Amazon although the company said the net sales increased 20 per cent to $63.4 billion in the second quarter, ...
US House has passed a budget deal that will boost overall spending levels and suspend the federal debt ceiling for the next two years. The agreement, struck between the White House and Congress in a bipartisan fashion Monday, covers fiscal years 2020 and 2021, and would raise overall ...
The European Central Bank (ECB) has kept key interest rates for the euro area unchanged but revised forward guidance to open doors for possible monetary policy easing. The central bank said in its latest policy decision statement on Thursday that it expects the key interest rates to remain "at their present or lower levels" ...
India's leading biotech firm Biocon on Thursday reported Rs 206-crore consolidated net profit for the first quarter (Q1) of fiscal 2019-20, registering a whopping 86 per cent annual growth from Rs 120 crore in the same period a year ago. In a regulatory filing on the BSE, the city-based firm said consolidated ...
India's Niti Aayog on Thursday entered into a partnership with Facebook-owned WhatsApp to support the growth of a robust ecosystem to promote women entrepreneurs in India. Under this partnership, WhatsApp, in collaboration with Niti Aayog, will ...
India's subsidies to petrol and diesel between October 2018 and June 2019 amounted to almost three times the three-year government budget for electric vehicle (EV) support, a new study revealed on Thursday. The study by Global Subsidies Initiative (GSI) of the International Institute ...
