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Secret behind stellar performance of India's oldest, smallest quant fund

Even as profit expectations got smashed due to the pandemic, the Nippon India funds model fared better as it didn't have earnings estimates in its quantitative model

Covid-19 crisis: Warren Buffett cuts crisis-era bet on Goldman Sachs

Berkshire Hathaway sold 84 per cent of its Goldman Sachs stock in the first quarter, marking a reversal for an investor who generally holds large stakes in the banking sector.

India's Covid-19 cases rising at fastest pace in Asia as govt eases curbs

India is now among the nations worst hit by the epidemic, with a 28 per cent increase in cases since last week according to Bloomberg's Coronavirus Tracker.

Facebook takes on Amazon with online shopping, commerce venture Shops

The Facebook chief executive officer announced a handful of updates Tuesday signaling the company's commitment to online shopping and commerce

Uber cuts 3,000 more jobs, closes offices amid coronavirus outbreak

Combined with the 3,700 employees in customer support and human resources, Uber dismissed earlier this month, the cuts now total about 25% of the total workforce. A spokesman said more cuts could come

Oil at 2-month high on Chinese demand rebound, Covid-19 vaccine hope

Futures in New York climbed as much as 13.2% on Monday. Chinese oil use is at 13 million barrels a day

SoftBank Vision Fund posts $17.7 billion loss on WeWork, Uber Technologies

Takes hit after writing down the value of investments in WeWork, Uber and others; plans to double buybacks

Here are a few stories of how Ebola helped Africa prepare for coronavirus

Ebola prompted the World Health Organization to change its emergency response structure, rapid laboratory testing and changing the design of treatment centres

Sitharaman launches two exchanges to take on offshore currency market

The launch comes amid the world's most expansive coronavirus lockdown, which has crippled businesses and hurt trading volumes in the country's financial markets.

Making an unloved car cool again with death-defying driving skill

Stunt driver Ken Block's rabid following might take a cue from his next automotive muse, Ford's Fox-Body Mustang, writes Hannah Elliot

Reliance Industries considers sale of $989-million Asian Paints stake

The company controlled by Mukesh Ambani, is in discussions with banks for a potential sale of its 4.9 per cent stake in Asian Paints through a series of block trades

China's exports up 3.5% in April despite coronavirus hitting demand

Economists had forecast that exports would shrink by 11% while imports would contract by 10%.

Covid-19 impact: India looks to lure more than 1,000 US firms out of China

In talks with Medtronic and Abbott on relocating units

Covid-19 lockdown isn't flattening India curve as in Italy or Spain

India reported 1,909 new coronavirus cases on Tuesday

SoftBank Group sees wider loss of $8.4 billion on WeWork write-down

The Japanese company made the announcement in a statement Thursday, citing more than 1 trillion yen of non-operating losses from investments held outside of its $100 billion Vision Fund.

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.