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Bloomberg

Bloomberg

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India's oil demand set to hit record high as recovery from Covid sets in

A trend for more commuters to use personal cars -- instead of buses, trains and other modes of public transport -- is expected to drive India's demand for gasoline

India's oil demand set to hit record high as recovery from Covid sets in
Updated On : 03 Mar 2021 | 6:52 AM IST

Amazon sued for alleged race and gender bias in corporate hires

E-commerce firm said to hire people of colour at 'lower levels'

Amazon sued for alleged race and gender bias in corporate hires
Updated On : 03 Mar 2021 | 3:45 AM IST

Amazon sued for alleged race and gender bias in corporate hires

Amazon's lack of racial and gender diversity in its corporate ranks is common throughout the technology industry.

Amazon sued for alleged race and gender bias in corporate hires
Updated On : 03 Mar 2021 | 2:02 AM IST

Ant employees expected a windfall, but are stuck with unsellable shares

The move underscores two intertwined challenges facing Ant, four months after Chinese authorities torpedoed its $35 billion initial public offering

Ant employees expected a windfall, but are stuck with unsellable shares
Updated On : 03 Mar 2021 | 1:42 AM IST

Wildest yield gap since 2001 boosts allure of bonds, shows data

The ratio between the nation's benchmark 10-year yield and the BSE Sensex index's current earnings yield is now at the highest level since 2001, dimming the appeal of equities

Wildest yield gap since 2001 boosts allure of bonds, shows data
Updated On : 03 Mar 2021 | 1:24 AM IST

Jindal Steel keen to acquire bankrupt Reliance Naval & Engineering

A successful sale of Reliance Naval will help creditors, including IDBI Bank and SBI recoup part of the company's Rs 10,800 crore of debt.

Jindal Steel keen to acquire bankrupt Reliance Naval & Engineering
Updated On : 03 Mar 2021 | 12:44 AM IST

Covid-19 vaccine shipment: A challenge worthy of a James Bond film

Interpol in December issued an orange alert notice warning that it expects a dramatic spurt in armed robberies and vandalism by anti-vaccine militants

Covid-19 vaccine shipment: A challenge worthy of a James Bond film
Updated On : 02 Mar 2021 | 11:50 PM IST

Zoom projects annual sales signalling growth after Covid-19 pandemic

Sales will be as much as $3.78 billion in fiscal year 2022, the San Jose, California-based company said on Monday in a statement

Zoom projects annual sales signalling growth after Covid-19 pandemic
Updated On : 02 Mar 2021 | 10:38 PM IST

Amid employee concerns, Ant says will find solution for unsellable shares

Ant suspended a share buyback program for current and departing staff in July to prepare for the IPO

Amid employee concerns, Ant says will find solution for unsellable shares
Updated On : 02 Mar 2021 | 1:54 PM IST

Jeff Bezos versus Mukesh Ambani isn't the only fight in India's retail

Away from this high-profile fight for the ordinary Indian's wallet, a different contest is shaping up for control of what goes on shop shelves

Jeff Bezos versus Mukesh Ambani isn't the only fight in India's retail
Updated On : 02 Mar 2021 | 6:16 AM IST

China declares war on cryptocurrency mining, stirring wider fear

Inner Mongolia plans to shut all such operations by April

China declares war on cryptocurrency mining, stirring wider fear
Updated On : 02 Mar 2021 | 1:59 AM IST

Ex-French president Nicolas Sarkozy sentenced to jail for corruption

Guilty of helping a magistrate land a prestigious job in return for a favour

Ex-French president Nicolas Sarkozy sentenced to jail for corruption
Updated On : 02 Mar 2021 | 1:34 AM IST

Hong Kong's Hang Seng Index set for biggest overhaul in 51 years

In 2019, the information technology sector overtook financials as the index's largest industry by market value

Hong Kong's Hang Seng Index set for biggest overhaul in 51 years
Updated On : 02 Mar 2021 | 1:23 AM IST
Netflix and Walt Disney emerge as big winners at the Golden Globes
Updated On : 02 Mar 2021 | 1:10 AM IST

Wirecard's India deal started with 'fraud': London judges panel

Hermes was sold at a valuation of $40 million, before being acquired by Wirecard for more than $250 million

Wirecard's India deal started with 'fraud': London judges panel
Updated On : 02 Mar 2021 | 12:17 AM IST

BPCL to sell entire stake in Numaligarh Refinery for Rs 9,880 cr

BPCL will sell its 61.65% holding in Numaligarh Refinery to a consortium of Oil India and Engineers India and may also include the state govt of Assam

BPCL to sell entire stake in Numaligarh Refinery for Rs 9,880 cr
Updated On : 02 Mar 2021 | 12:05 AM IST

Food inflation in India to increase as chicken, milk may cost more

An expected rise in food prices could be a setback for the monetary policy makers, who have been betting on softer levels

Food inflation in India to increase as chicken, milk may cost more
Updated On : 02 Mar 2021 | 12:04 AM IST

Oil rebounds from biggest slump since Nov ahead of a key Opec+ meeting

At 8.48 pm (IST), Brent crude was trading at $64.65 a barrel, up 0.36 per cent

Oil rebounds from biggest slump since Nov ahead of a key Opec+ meeting
Updated On : 01 Mar 2021 | 11:45 PM IST

Wall Street won't intimidate retail giant Walmart this time around

Walmart announced in January that it formed a partnership with Ribbit Capital to create a new financial technology startup

Wall Street won't intimidate retail giant Walmart this time around
Updated On : 01 Mar 2021 | 10:20 PM IST

UK tries to trace mystery person infected with Brazilian Covid variant

Six cases of the mutation, which originated in the Amazonian city of Manaus, have been detected in the UK, Public Health England said on Sunday

UK tries to trace mystery person infected with Brazilian Covid variant
Updated On : 01 Mar 2021 | 4:01 PM IST