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GlaxoSmithKline plans sale of $3.7-billion stake in Hindustan Unilever

The firm may offload part or all of its 5.7% holding in HUL through a series of block trades

Gilead Sciences reports positive data in remdesivir trial for Covid-19

The company issued a news release early Wednesday commenting on the study from the US National Institute of Allergy and Infectious Diseases without providing details of the results.

Indices log near 2% gains on hopes of ease in lockdown, biz activity

The Sensex rose 606 points, or 1.9%, to end at 32,720 - the highest close since March 13

Govt likely to pledge Rs 3-trn in loans to MSMEs amid Covid-19 outbreak

Small firms will be eligible to borrow an additional 20 per cent of their credit limit. The extra debt will be fully backed by the government

What happens when bread is scarce and grain exporters speak up

From the French Revolution to the Arab Spring, price rises and food shortages have fuelled conflict, toppled leaders and overthrown regimes.

'We needed to go': Rich Americans activate Covid-19 pandemic escape plans

New Zealand features prominently in plans for doomsday survival

Covid makes it harder to estimate short-term earnings, says analyst

The uncertainty stemming from the virus and countries' efforts to contain it have made it harder to estimate short-term earnings

India's ban on flying to stay until coronavirus no longer a danger

The ban will be lifted only when the government determines that the virus is no longer a threat, Hardeep Singh Puri wrote in a Twitter post

The Music Industry's Lost Summer: No Bieber, No Swift and Mass Layoffs

While sports leagues and restaurants try to figure out when they can reopen to the public, there's growing recognition among music industry executives that concerts won't be coming back anytime soon.

Hong Kong police arrest 14 pro-democracy activists for organising protests

The police action was connected to unauthorized assemblies on Aug. 18, Oct. 1 and 20 in Hong Kong Island and Kowloon last year, Superintendent Lam Wing-ho said at a briefing on Saturday.

Fair to furlough? Britain's massive job-saving plan prompts pushback

While more than half of UK companies are expected to apply for government grants to pay furloughed employees, critics say they expect too much of the cash to go where it's not needed.

Cash levels jump to highest since 9/11 terrorist attacks: BoFA survey

Fund managers have shunned risk, with equity allocations the lowest since the 2009 financial crisis

Gold, equities show unusual sync in March; nosedive, recover at same times

Both nosedived in mid-March amid panic selling and forced margin calls; each then recovered by about 20% as central banks and governments kicked in more stimulus

AstraZeneca plans to test new cancer medicine in coronavirus battle

The treatment for lymphoma may lessen the severity of respiratory distress by reducing the inflammation caused by the new coronavirus

70 vaccines in the works, with three leading candidates, says WHO

The drug industry is hoping to compress the time it takes to get a vaccine to market - usually about 10 to 15 years - to within the next year

Will market recover? Indian stocks lose premium to bonds amid global crisis

The 25% tumble in the index has meant that stocks currently offer an earnings yield of about 5.25%, compared with the domestic benchmark 10-year yield of about 6.50%

SoftBank's $2-billion guarantee at risk as pandemic hits Oyo business

Oyo risks turning into another problem startup for SoftBank and Son, still reeling from the meltdown at the shared-office company WeWork.

Last Porsche 911 of a generation to be sold for coronavirus relief

The automaker will sell its final seventh-generation 911, a Speedster, in an online auction with RM Sotheby's on April 15.

Oyo sends thousands on leave without pay, India escapes for now

Oyo said in a statement it's furloughing employees in countries excluding India without specifying numbers, adding that it's not considering job cuts at this time.

Radhakishan Damani beats coronavirus crisis as net worth soars 11%

Shares of Avenue Supermarts, which contribute nearly all of the wealth to Damani's net worth, have advanced 24 per cent this year.