Business

Wall Street's main indexes fell on Thursday after data showed high levels of weekly jobless claims, while technologyrelated stocks resumed their slide with Apple Inc and Amazon.com Inc among the biggest drags on the Nasdaq.

Anil Ambani had given personal guarantees for the SBI loans of Rs 565 crore and Rs 635 crore to RCom and Reliance Infratel Ltd (RITL) in August 2016.

Gold slipped as much as 1% on Thursday after the U.S. Federal Reserve disappointed expectations for further stimulus to spur inflation and support the economy, battered by the coronavirus crisis.

HCL, in a press release, said, “Actian Avalanche is a high-performance hybrid cloud data warehouse designed to power an enterprise’s most demanding operational analytics workloads.”

An OPEC+ technical panel warned that a rise in coronavirus cases in some countries may curb oil demand despite signs of economic recovery and initial indications of a decline in oil stocks, according to an internal document seen by Reuters on Thursday.

Stocks fell and the dollar advanced on Thursday after the Federal Reserve pledged to keep interest rates low for a long time but stopped short of offering further on stimulus to shore up a battered U.S. economy.

Sony's upcoming PlayStation 5 video game console will cost $500 and launch Nov. 12, the company said Wednesday, setting up a holiday battle with Microsoft's Xbox Series X over whose new console will turn up under more trees this year.

Stocks that moved heavily or traded substantially Wednesday:

Achieving net zero emissions by midcentury would cost an estimated $1 trillion$2 trillion a year of additional investments, or 11.5% of global gross domestic product, a report by the Energy Transitions Commission (ETC) said on Wednesday.

Chinese major steel producers had suggested to prevent sharp increase in imports of the industrial metals and to relax purchase of overseas steel scrap, the China Iron and Steel Association (CISA) said on Wednesday.

The RBI has taken a slew of measures beginning March to help the banking system fight the pandemic which included a cumulative repo rate cut of 115 bps and an array of liquidity measures to help various sectors.

Alibaba Group Holding Ltd on Wednesday unveiled a pilot factory in the eastern Chinese city of Hangzhou as part of its "smart manufacturing" business initiative.

Fashion retailer Inditex, owner of Zara, returned to quarterly profit in the three months from May to July but reported sales down 31% on the yearago period as viruswary consumers stayed away from city centre shopping districts.

"We have the vision to take the digital part of the economy from currently 7-8 per cent of GDP to over 20 per cent in the next 5 years," Meity Additional Secretary Rajendra Kumar said while addressing a FICCI event on artificial intelligence (AI).

German airline Lufthansa could cut its fleet by 130 planes in response to the coronavirus crisis, two people familiar with the matter said.

U.S. factory production increased for a fourth straight month in August, but the recovery is showing signs of strain, suggesting business investment in equipment could remain depressed through the end of the year as the COVID19 pandemic drags on.