Business
Economy Likely to Contract Up to 7.5% This Fiscal, May See 9-11% Growth in FY22: Arvind Virmani
Addressing a virtual event organised by industry body PHDCCI, Virmani said in the upcoming Budget, the government should come up with policies to accelerate India's economic growth.
U.S. Retail Sales Fell In December For 3rd Straight Month
Retail sales fell for a third straight month as a surge in virus cases kept people away from stores during the holiday shopping season.
Citigroup 4Q Profit Down 7%, Revenue Drops By 10%
Citigroup Inc. says earnings for the fourth quarter of 2020 fell 7% to $4.63 billion.
Oil Slips As China Lockdown, U.S. Unemployment Data Temper Gains
Oil prices fell on Friday as concerns about Chinese cities in lockdown due to coronaries outbreaks tempered a rally driven by strong import data from the world's biggest crude importer and U.S. plans for a large stimulus package.
Earnings Scheduled For The Week Of 1/18/2021
Major companies tentatively scheduled to post quarterly earnings next week:
HCL Tech Releases Q3 Results: Net Profit Jumps to Rs 3,982 Crore
The revenue of the company stood at Rs 19,302 crore rising by 6.4 percent on YoY basis.
Oil Slips As Chinese Lockdowns, U.S. Unemployment Data Temper Gains
Oil prices were lower on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world's biggest crude importer and U.S. plans for a large stimulus package.
Asia Shares Edge Higher As Biden Unveils $1.9 Trln U.S. Stimulus Plan
Asian shares edged up near record highs on Friday after U.S. Presidentelect Joe Biden proposed a $1.9 trillion stimulus plan to jumpstart the world's largest economy and accelerate its response to COVID19.
Toyota Settles U.S. Probe Into Delayed Emissions Defect Reports For $180 Million
Toyota Motor Corp settled a lengthy Justice Department civil probe into its delayed filing of emissionsrelated defect reports for $180 million, the government said on Thursday.
Ghosn Hid Part Of Nissan Salary, Fearing Being Forced Out Of Renault, Tokyo Court Told
Carlos Ghosn hid part of his compensation at Nissan because he feared the French government would force him out of Renault if it discovered how much he earned, an executive at the Japanese carmaker told a Tokyo court on Thursday.
Talks Between Govt and Farmers to Take Place as Scheduled on Friday, Says Minister; Hopes for Positive Discussion
Agriculture Minister Narendra Singh Tomar said the government is ready to hold talks with farmers' leaders with an open mind.
Union Budget Will Be Presented at 11am on February 1, Announces Lok Sabha Secretariat
The Lok Sabha Secretariat in a statement said the fifth session of the 17th Lok Sabha will start on January 29 and is likely to end on April 8.
Singapore Airlines Bond Could Prompt More Asian Aviation Debt Deals
Singapore Airlines has raised $500 million in its first U.S. dollar bond issue, which the company will use to buy new aircraft as the global aviation industry prepares for a postpandemic travel rebound.
New Renault Boss Plans Slimmed Down, Hi-tech Future
French carmaker Renault pledged more cost cuts and to focus on a smaller number of profitable models as its new boss laid out plans to revive a business hammered by management turmoil and the COVID19 crisis.
VietJet Eyes Aircraft Purchases As It Relies On Vaccine Rollouts To Revive Air Travel
Vietnamese budget carrier VietJet Aviation plans to expand its investment in new aircraft and technical facilities this year after reporting a small profit in 2020 despite the coronavirus pandemic, its chief executive officer said.
Asia Shares Make Cautious Gains After Wall Street Rises As U.S. Yields Fall
Asian equities made early trading gains on Thursday after a mixed session Wall Street buoyed by expectations of a U.S. stimulus package even as political events in Washington culminated in the impeachment of President Donald Trump.