Business

As U.S. housing starts surged in November to close in on 14year highs, keeping builders and contractors on the job, consumer spending slumped and in particular the flow of people back to restaurants reversed itself as the coronavirus pandemic intensified.

On Wednesday, equity benchmarks Sensex and Nifty raced to new peaks. The BSE Sensex ended 403.29 points higher to reach 46,666.46, while NSE Nifty settled 114.85 points up to close at 13,682.70.

Twitter said that starting early next year, it may also label tweets that advance unsubstantiated rumors, disputed claims, as well as incomplete or out-of-context information about vaccines but that may not merit a removal under the new rules.

Wall Street moved within a tight range on Wednesday as signs of the economic impact of the COVID19 pandemic offset optimism over a stimulus package, with investors keeping an eye on the last Federal Reserve meeting for the year.

According to the initial projections, corporate tax collected till December 15 stood at Rs 2.26 lakh crore and personal income tax stood at Rs 2.57 lakh crore.

Taiwan-based Wistron, one of Apple Inc.'s top global suppliers, estimated damages up to T$200 million ($7.12 million) after contract workers ransacked its facility, demanding unpaid wages and better working hours.

During April-November 2020-21, exports dropped by 17.76 per cent to USD 173.66 billion, while imports contracted by 33.55 per cent to USD 215.69 billion.

In a holiday season that many of us will spend apart from loved ones, gift-giving might feel even more important than usual. After all, if you cant travel to see family, at least you can see them unwrap gifts over a video call, right?

Apple will begin spelling out what kinds of personal information is being collected by the digital services displayed in its app stores for iPhones and other products made by the trendsetting company.

Wall Street's main indexes rose on Monday as travel stocks surged on the launch of a nationwide COVID19 vaccine campaign, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals.

This is the highest level of Wholesale price index-based (WPI) inflation since February, when it was 2.26 per cent. While food articles saw softening in inflation in November, manufacture

Firefighters have contained most of a blaze that broke out after a pipeline carrying crude oil to Iran's secondlargest refinery ruptured on Sunday because of a landslide, the head of the state company in charge of oil pipelines said.

The U.S. Supreme Court on Friday agreed to hear Goldman Sachs Group Inc's appeal in a securities fraud case that could redefine the ability of shareholders to pursue class actions against public companies whose stock prices fall.

Benchmark U.S. crude oil for January delivery fell 21 cents to $46.57 a barrel Friday. Brent crude oil for February delivery fell 28 cents to $49.97 a barrel.

It can be noted that the budget for the next fiscal is under preparations right now and officials are also having discussions internally and also with external stakeholders for suggestions.

Germany's economy will contract less this year than previously projected and its rebound will accelerate once the economy can start to reopen from the second wave of the pandemic next year, the country's central bank said on Friday.