Business
Market Investors Show Interest in Bank of India After NPA Trim, Five-Fold Profits
Total income during the third quarter of financial year 2020-21 was down at Rs 12,310.92 crore as against Rs 13,338.09 crore in the same quarter of the previous year, Bank of India said in a regulatory filing.
How Major US Stock Indexes Fared Wednesday
Major U.S. stock indexes ended another up-and-down day of trading more or less where they started out, although a small gain nudged the Dow Jones Industrial Average to another record high. The S&P 500 ended down less than 0.1%, while the Nasdaq gave back...
Toyota To Add Electric, Plug-in Hybrid Vehicles Next Year
Toyota says it will roll out two new batteryelectric vehicles and one plugin gaselectric hybrid in the U.S. this year as the parade of new EVs continues.
Coca-Cola Expects Sales Growth To Return In 2021 As Profit Exceeds Forecasts
CocaCola Co on Wednesday forecast a return to organic revenue growth this year after a pandemichammered 2020 and beat Wall Street estimates for quarterly profit on aggressive cost cutting, sending its shares up 2% in early trading.
Oil Price Rally Falters Despite Unexpected Drop In U.S. Inventories
Oil prices slipped on Wednesday, threatening to end the longest rally in two years as investors shrugged off industry data showing a fall in U.S. crude oil stocks that added to optimism about an expected rise in global fuel demand.
Toyota Posts 54% Rise In Third-quarter Operating Profit, Hikes Full-year Forecast
Japan's Toyota Motor Corp on Wednesday reported a biggerthanexpected 54% jump in thirdquarter profit and jacked up its fullyear earnings forecast, boosted by a rebound in demand for cars as the coronavirus pandemic's impact recedes and sales climb in Chin...
Salesforce Won't Force Workers To Go Into Office Post-COVID
San Franciscobased business software maker Salesforce says it will let most of its employees work remotely even after the pandemic, at least for part of the week. Other major tech companies such as Twitter and Google have made similar announcements.
Facebook Steps Up Vaccine Misinfo Efforts. Will It Work?
A inoculation efforts for the coronavirus ramp up around the world, Facebook says its going all in to block the spread of bogus vaccine claims. In practice, that means the social network plans to ban a new bunch of false claims in addition to the manifold...
Reddit-fuelled Retail Trading Frenzy Spreads To Europe
The U.S. retail stock trading phenomenon driven by the WallStreetBets Reddit forum is fuelling a copycat trading boom in Europe, bank and brokerages said.
South Korean Boy Investor With 43% Gains Is New Retail Trading Icon
Watching the business news first thing is a new routine for 12yearold South Korean Kwon Joon, as he dreams of becoming the next Warren Buffett after earning stellar returns of 43% from a hobby picked up just last year: buying stocks.
As India Mulls Ban on All Private Cryptocurrencies, Here's a Look at State-backed Digital Assets
While nations like Ecuador, China, Singapore, Venezuela Tunisia and Senegal have issued their own cryptocurrencies, others like Japan, Palestine, Russia and Sweden are exploring options to launch their own digital assets.
Nissan Stays In Red Ink Amid Pandemic, Japan Criminal Trial
Japanese automaker Nissan reported Tuesday losses for the fiscal third quarter, as its sales were hit by the coronavirus pandemic and its brand image continued to take a beating from the financial misconduct scandal centered on its former chairman, Carlos...
Businesses And NGOs Urge Poland To Bet On Climate In Recovery Plan
Environmental organisations and business lobby groups urged Poland's government on Monday to include their proposals on climate, the environment and digitalisation in the country's postpandemic recovery plan.
Board Games The Standout Star In Hasbro's 4th Quarter
The critical holiday shopping season, coupled with quarantining amid the ongoing coronavirus pandemic, pushed board game sales up 21% at Hasbro in the fourth quarter.
Exclusive-Amazon Orders Hundreds Of Trucks That Run On Natural Gas
Amazon.com Inc has ordered hundreds of trucks that run on compressed natural gas as it tests ways to shift its U.S. fleet away from heavier polluting trucks, the company told Reuters on Friday.
South Korea Eases Curfew On Businesses Outside Seoul
South Korea on Saturday eased curfews on businesses outside the capital Seoul, letting them stay open an hour later, amid a public backlash over tight curbs to contain COVID19.