Business

Contracts to buy U.S. previously owned homes rose to a nearly 141/2year high in June, the latest indication that the housing market was weathering the COVID19 pandemic far better than the broader economy.

Oil prices edged up on Wednesday after a steep drop in U.S. crude inventories, but another record day for COVID19 cases worldwide kept gains in check.

Bharti Airtel Ltd on Wednesday reported a 15.4% rise in firstquarter revenue as customers consumed more data during the coronavirus crisis, even at higher rates.

General Electric Co saw less cash outflow than estimated in the second quarter, even as the coronavirus pandemic pummeled demand in its aviation business, resulting in a widerthanexpected quarterly loss.

Bolt, a popular ridesharing system in Eastern Europe and Africa, has rolled out its platform in Thailand, the company said on Wednesday, as competition grows among Southeast Asian ridehailers.

After moving recordlarge Canadian oil volumes by rail just five months ago, shippers have hit the brakes, idling thousands of cars and tens of millions of dollars' worth of infrastructure.

Gold gained on Tuesday ahead of a U.S. Federal Reserve policy meeting which is expected to provide more monetary stimulus to support the coronavirushit economy, though bullion pulled back from an alltime high reached earlier.

Expectations of a borrowing deluge from corporates globally are turning bond market attention to a littleknown tool that's already helping smooth trading of illiquid debt the way exchangetraded funds (ETFs) did years ago.

Wall Street's main indexes were set to open lower on Tuesday as lawmakers geared up for grueling talks over a coronavirus relief deal, with investors also weighing a mixed batch of earnings reports from bluechip companies.

At the interbank forex market, the rupee was trading in a narrow range. It opened at 74.86 against the US dollar but soon recovered the lost ground and touched 74.79 against the US dollar, up 4 paise over its last close of 74.83.

Former deputy governor of RBI NS Vishwanathan said both the government and RBI have announced a slew of measures to limit the debilitating effect of COVID-19.

Sowing data of major kharif crops such as paddy, pulses, coarse cereals and oilseeds showed that atotal of 799.95 lakh hectare have been covered this year.

Residents in several south Texas communities were urged to evacuate on Friday ahead of a storm expected to bring hurricane winds and heavy rain this weekend.

To overcome the economic impact of the pandemic, the government announced a relief package comprising free ration, cooking gas, and cash..

Shares of Reliance Industries had on Thursday also jumped nearly 3 per cent amid reports that Amazon was eyeing a stake in the conglomerate's retail arm.

Market bias remained positive on firm global trend and sustained foreign fund inflows, they said.