Business

NICL, with a combined ratio of 160.8 per cent and underwriting losses of Rs 5,759 crore, has suffered losses of Rs 4,108 crore while OICL (141 per cent, Rs 4,197 crore) and UIIL (132 per cent, Rs 4,487 crore) have been hit with losses of Rs 1,524 crore an...

Petrol price on Saturday was hiked by 24 paise per litre and diesel by 27 paise as hopes of a vaccine development led to a rally in international oil prices.

China will impose temporary antidumping measures on wine imported from Australia from Nov. 28, the Ministry of Commerce said on Friday, in a move likely to further escalate trade and diplomatic tensions between Beijing and Canberra.

India is the world's biggest importer of palm oil. It imports around 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia.

Global stocks held near record highs on Thursday, while the rally in European stocks paused, as recent vaccine progress, Joe Biden's U.S. presidential election win and hopes for further stimulus kept markets bullish.

Oil slipped on Thursday, stalling a rally driven by a surprise fall in U.S. crude inventories that added to bullishness over expectations progress on vaccines may end the coronavirus pandemic and revive fuel demand.

Stocks edged back from record highs on Wednesday as Wall Street bumped up against underwhelming economic data, while oil continued to rise and the dollar weakened further.

Britain's government will pause pay rises for public sector workers except those in the health service and on lower incomes, finance minister Rishi Sunak said on Wednesday, describing the measure as a way to target those "who need it most".

Global shares reached record highs on Wednesday after the Dow Jones broke 30,000, with investors relieved at the prospect of a smooth handover of power after the U.S. presidential election and confident a COVID19 vaccine would soon be ready.

German media group Bertelsmann made the highest bid in an auction for Simon & Schuster, the publishing unit of media company ViacomCBS Inc, the Financial Times reported on Tuesday, citing people familiar with the matter.

Brazil's debt has ballooned to unprecedented levels due to the COVID19 pandemic and the government faces a $112 billion refinancing cliff early next year, with April's funding needs the highest ever for a single month.

The Jharkhand government on Tuesday signed a memorandum of understanding (MoU) with the Indian Tourism Development Corporation (ITDC) as a part to take over Hotel Ashok, a property spread over around three acre of land in Ranchi, in presence of Chief Mi...

The SBI CBO exam will be conducted on Saturday, November 28, and the selection will be based on shortlisting followed by an interview.

Indian Railway Catering and Tourism Corporation (IRCTC): Crawford Bayley & Co. are appointed as Legal Advisor by the government for disinvestment of paid up equity capital of IRCTC through offer for sale.

Greek lender Alpha Bank has selected U.S. investment fund Davidson Kempner as its preferred bidder to buy a $12 billion portfolio of nonperforming loans in what will be Greece's largestever sale of bad debt, sources told Reuters.

British billionaire Chris Hohn is aiming to force hundreds of U.S. and European companies to slash their greenhouse gas emissions by enlisting global investors to demand an annual vote on their climate plans at shareholder meetings.