Business

LVMH countersued Tiffany & Co on Monday, arguing the iconic U.S. jeweler's financial mismanagement in the pandemic permits the French luxury goods giant to walk away from its proposed $16 billion (£12.46 billion) acquisition of the company.

U.S. oil and gas producer Devon Energy Corp said on Monday it will buy shaleoil rival WPX Energy Inc for $2.56 billion as it looks to boost its presence in the top U.S. oilfield.

European Union negotiators have signaled that they are willing to begin work on a joint legal text of a trade agreement with the UK, ahead of trade talks that resume on Tuesday, The Times reported on Tuesday.

Fiat Chrysler will pay $9.5 million to settle charges from U.S. securities regulators that it misled investors about emissions control problems.

As per the notification, LIC is solely authorised to operate the scheme that offers a total purchase price not exceeding Rs 15 lakh.

Oil prices fell on Monday as rising coronavirus cases spur concern about demand, with the main crude benchmarks on track for their first monthly falls since April.

Uber can keep operating in London after the ridehailing company won a court appeal on Monday against the refusal by transit regulators to renew its license.

Time taken in reconciliation of compensation receipts can't be termed as diversion of GST cess fund when the dues to states were fully released by the central government, they said.

Benchmark U.S. crude oil for November delivery fell 6 cents to $40.25 a barrel Friday. Brent crude oil for November delivery fell 2 cents to $41.92 a barrel.

Business events and economic reports scheduled for the coming week.

U.S. officesharing firm WeWork on Thursday said it will sell control of its China division to one of its investors private equity firm Trustbridge Partners as it steps back from a competitive market where it has suffered lowoccupancy rates.

The first event for the CEO of Swedish electric car brand Polestar at this months Beijing auto show: A twoweek quarantine in a hotel.

Oil prices edged higher on Wednesday, supported by U.S. government data that showed crude and fuel inventories dropped last week, though concerns about the ongoing coronavirus pandemic capped gains.

U.S. President Donald Trump on Wednesday imposed new curbs on imports of Cuban rum and cigars and banned Americans from staying at properties owned by the Cuban government, as he seeks to lock in the CubanAmerican vote in the swing state of Florida ahead...

Oil edged up to around $42 a barrel on Wednesday after a report said U.S. fuel inventories fell, although rising crude supply and growing numbers of coronavirus cases that raise concern of stalling demand capped gains.

An earlier issue to raise Rs 700-800 crore was deferred due to low demand for shipbuilding stock.