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Business

Record Penalty for Alibaba Marks Tumultuous Stretch for Founder Jack Ma

The reversal of fortune for the 56-year-old Ma, who has all-but-disappeared from public view since an October speech blasting China’s regulatory system, has been striking for an entrepreneur whose transformation of commerce in China – and his relentless optimism – commanded cult-like reverence.
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Business

Sensex Sheds 155 Pts; Nifty Slips Below 14,850; Rupee Slips for 5th Straight Session

The rupee fell for the fifth straight session and settled 15 paise down at 74.73 (provisional) against the US dollar on Friday.
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Business

Finance Ministry Asks Health, Home Ministries for Vaccination of Bank Employees on Priority Basis

Out of total strength of 13.5 lakh employees in the banking sector, about 600 unfortunate deaths due to COVID-19 were recorded, as per the Indian Banks’ Association (IBA) data.
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Business

EXPLAINER: What To Know About The Amazon Union Vote Count

Amazon is known for quick delivery. But finding out whether Amazon warehouse workers voted for or against unionizing is going to take some more time.
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Business

Sensex Rallies 460 Points, Nifty Reclaims 14,800 As RBI Keeps Repo Rates Unchanged

BI was the top gainer in the Sensex pack, spurting over 2 per cent, followed by ICICI Bank, Nestle India, IndusInd Bank, M&M, Bajaj Auto and Maruti.
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Business

India to Buy One-third Less Oil from Saudi Arabia

The move follows tensions between India and Saudi Arabia over the Kingdom's hawkish stance on boosting production to cool prices.
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Business

Sensex Tumbles 871 Points, Nifty Plunges Below 14,650 after Covid-19 Spike Jolts Market

Bajaj Finance was the top laggard in the Sensex pack, plunging around 6 per cent, followed by IndusInd Bank, SBI, M&M, Axis Bank, Bajaj Auto and ICICI Bank.
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Business

Samsung First Quarter Profit Likely Surged 45% On Bumper Smartphone, Appliance Sales

Samsung Electronics Co Ltd likely saw a 45% jump in profit for JanuaryMarch on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its U.S. plant.
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Business

RBI Policy Decision, Macro Data, COVID-19 Trends to Drive Markets This Week: Analysts

Analysts said that the markets may see some consolidation ahead of the earnings season which would start from mid-April.
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Business

Yordan Álvarez Hits 3-run Homer As Astros Beat A’s Again

Yordan lvarez hit a threerun homer and Houston kept thriving through all the boos, slugging its way to a third straight win in a 91 victory over the Oakland Athletics on Saturday.