Business
Bank Holidays in March 2021: Banks to Remain Closed for 11 Days; Check Dates Here
To avoid difficulties and rush, customers are advised to plan their work related to the bank accordingly.
GameStop Rally Fizzles; Shares Still Register 151% Weekly Gain
GameStop Corp closed 6% lower on Friday as an early rally fizzled but the stock finished the week 151% higher in a renewed surge that left analysts puzzled.
Surging Bond Yields Lead Global Equities To Tumble
A jump in benchmark U.S. Treasury yields on Thursday led a gauge of global equity markets to tumble as investors sold the highflying tech stocks that fueled Wall Street's rally to record highs and took precautions against the threat of inflation.
Wall Street Closes Down, Tech Selloff Drags As Bond Yields Climb
Wall Street's main indexes ended sharply lower on Thursday, with the Nasdaq index posting its largest daily percentage fall in four months, as technologyrelated stocks remained under pressure following a rise in U.S. bond yields.
Why is Wipro Being Held Answerable for Citibank's $900 Million Blunder?
As reported earlier, Citi Bank had mistakenly wired Revlon’s lenders around USD 900 million. To top that, Citibank also lost a US-based legal battle to recover the money.
WeWork Co-founder Neumann Nears Settlement With SoftBank - Source
WeWork cofounder and former Chief Executive Adam Neumann is nearing a settlement with SoftBank Group Corp that could include a nearly $500 million cut in his payout from the office spacesharing company's new owner, according to a person familiar with the...
Kohl's Pushes Back On Investor Group's Takeover Efforts
Kohls is fighting back against an investor groups efforts to take control of the department store chain's board, arguing that it would derail its progress and momentum.
Nasdaq, S&P 500 End Lower As U.S. Yields Rise; Disney Lifts Dow
The S&P 500 and Nasdaq closed lower on Monday as climbing Treasury yields and prospects of rising inflation triggered valuation concerns, hitting shares of highflying growth companies.
Rail PSU Floats Tender Inviting Pvt Players to Be Part of 'roll-on Roll-off' Service
The request for proposal (RFP) issued by the Dedicated Freight Corridor Corporation of India Limited (DFCCIL) on February 16 states that the winning bidder will have the sole rights to ferry fully-loaded trucks on trains on the 714-km stretch for a period...
Brazil's Bolsonaro Taps General To Head State-run Oil Giant
Brazilian President Jair Bolsonaro on Friday tapped a retired general to replace a marketfriendly economist who has been CEO of staterun oil giant Petrobras since the beginning of 2019.
India's Forex Reserves Down by $ 249 Million to $ 583.697 Billion: RBI Data
In the previous week, the reserves had declined by USD 6.24 billion to stand at USD 583.945 billion. It had touched a record high of USD 590.185 billion in the week ended January 29, 2021.
Govt's Special Housing Fund Worth Rs 25k Crore for Stalled Projects to Start Delivering from April
According to a report, over 16 projects or more than 4,000 homes will be handed to owners in the financial year starting April 1 as part of the project.
Yellen Warns Against Paring Biden's $1.9 Trillion Package
Treasury Secretary Janet Yellen said Thursday that recent signs of improvement in the U.S. economy are no reason to scale back the administration's $1.9 trillion relief plan because the economy remains in a deep hole" with many people still hurting.
Most Japan Firms Oppose Holding Tokyo Olympics As Planned: Reuters Poll
Nearly two thirds of Japanese firms oppose holding the Tokyo Olympics as planned, a Reuters monthly poll found, swinging from the previous survey that showed most companies were in favour of giving it a goahead amid the COVID19 pandemic.
EXPLAINER: Why The Power Grid Failed In Texas And Beyond
The power outages tormenting Texas in uncharacteristically Arctic temperatures are exposing weaknesses in an electricity system designed when the weather's seasonal shifts were more consistent and predictable conditions that most experts believe no longe...
Tech Mahindra, Wipro, Titan Company: Top Stocks for Investors on February 16
The indices on Tuesday, February 16, are expected to open flat as the SGX Nifty was trading 4.0 points or 0.03 percent lower at 15,336.00 at 7:15 am. On February 15, the BSE Sensex was up 609.83 points or 1.18 percent to close at 52,154.13 while the NSE N...