Business

It said the searches were carried out at 15 locations in Delhi, Gurgaon, Mumbai and Pune on Friday under various sections of the Prevention of Money Laundering Act (PMLA).

The ministers also emphasised that trade measures in view of COVID-19 should not create unnecessary barriers or disruptions in the global and regional supply chains.

A day after rolling out a new strategy for U.S. monetary policy, Federal Reserve officials on Friday diverged over what it might mean in practice, saying there is no exact science to how they will apply their updated "framework."

Taking about the upcoming consumer behaviour, Sanjiv Mehta said people will not stop eating outside and that ready-to-cook food market will see a moderation.

Israel's El Al Airlines will fly a plane to the United Arab Emirates on Monday, an online flight timetable for Israel's Ben Gurion Airport showed, which would make it the firstever commercial flight between the two countries.

Oil prices fell on Friday as storm Laura raced inland past the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage to refineries.

A slew of companies are expected to launch restructuring processes in coming months, as the world emerges from the COVID19 crisis and government support measures are eased.

Gold steadied on Friday as worries over an economic slump caused by the COVID19 pandemic countered pressure from a jump in U.S. Treasury yields on Federal Reserve Chair Jerome Powell's offer for more inflation tolerance.

Shares of Chinese electric vehicle (EV) maker Xpeng Inc jumped as much as 67% after its U.S. market debut on Thursday, as capital markets continue to reward new listings in what has been one of the best years for IPOs since the dotcom boom.

The top court asked Centre to consider as a special case and provide remaining money for construction of other stalled projects from the stress funds created for the real estate sector.

The European Commission has made a 336 million euros ($396 million) downpayment to British drug maker AstraZeneca to secure at least 300 million doses of its potential COVID19 vaccine, a spokesman said on Thursday.

PetroChina Co pledged on Thursday to cut emissions to near zero by 2050, as it reported a plunge to a firsthalf net loss of 29.98 billion yuan ($4.36 billion) on lower oil prices and a hit to demand from the COVID19 crisis.

A growing number of U.S. companies are pledging to give workers time off to vote in the presidential election this November, an effort thats gaining steam despite the governments reluctance to make Election Day a federal holiday.

Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales and other segments of the economy rebound from a springtime collapse.

Tiffany & Co, which has delayed the close of its $16.2 billion sale to France's LVMH, on Thursday reported a betterthanexpected quarterly profit and signaled an uptick in sales due to recovery in China and online demand.

The 41st meeting of the Goods and Services Tax (GST) Council headed by Union Finance Minister Nirmala Sitharaman and comprising representatives of all states, held deliberations via video conferencing on ways to make up for the shortfall in states' reven...