Category: Business

The Indian rupee slumped 24 paise to 73.66 against the US dollar in opening trade on Wednesday, after the Reserve Bank of India (RBI) maintained status quo on policy rates for the fifth time in a row. The central bank kept its key policy repo rate unchanged at 4%, but warned that the recent surge […]

The initial public offering (IPO) of Macrotech Developers, earlier known as Lodha Developers, opened for subscription on Wednesday, April 7, and will close on Friday, April 9, 2021. The IPO has a price band of Rs 483-486 per share and the company aims to raise close to Rs 2,500 crore from the primary market. Incorporated […]

U.S. prosecutors on Tuesday said a former Green Beret and his son, wanted by Japan for helping former Nissan Motor Co boss Carlos Ghosn flee the country, were advancing a “flawed” interpretation of Japanese law to fight their extradition. Michael Taylor and his son, Peter Taylor, were arrested in Massachusetts last month at Japan’s request […]

Wall Street advanced on Tuesday as the prospect of additional stimulus and a record jump in retail sales suggested the U.S. economy could bounce back sooner than expected, five months into its pandemic-inflicted recession. All three major U.S. stock indexes posted their third consecutive daily gains. The Dow and the S&P remain about 11% and […]

U.S. FAA chief Steve Dickson will tell a Senate committee at a hearing on Wednesday that transparency is key to restoring public trust in the agency and planemaker Boeing Co in the wake of fatal 737 MAX crashes, according to a copy of his written testimony. Dickson will also tell lawmakers that the air transportation […]

Amazon.com Inc on Tuesday launched an artificial intelligence-based tracking system to enforce social distancing at its offices and warehouses to help reduce any risk of contracting the new coronavirus among its workers. The unveiling comes as the world’s largest online retailer faces intensifying scrutiny from U.S. lawmakers and unions over whether it is doing enough […]

Tesla Inc (TSLA.O) has signed a three-year pricing deal with Japan’s Panasonic Corp (6752.T) relating to the manufacture and supply of lithium-ion battery cells at the Gigafactory in Nevada, the electric carmaker disclosed in a filing on Tuesday. Tesla and Panasonic have been reported to be in talks to expand the battery joint venture’s capacity. […]