Business
Infosys to Acquire US-based Kaleidoscope Innovation for About Rs 308 Crore
Kaleidoscope Innovation is a full-spectrum product design, development and insights firm innovating across medical, consumer and industrial markets.
EESL To Procure 250 EVs From TATA Motors, Hyundai
Stateowned Energy Efficiency Services on Thursday said it has placed order to procure 250 electric vehicles from Tata Motors and Hyundai Motor India. Tata Motors will supply 150 Nexon XZ+ electric compact SUVs, while Hyundai Motor India will provide 10...
Gold Drops To Near One-week Low As Dollar Climbs
Gold prices fell to a near oneweek low on Thursday, as a stronger U.S. dollar and an uptick in risk appetite following betterthanexpected economic data dented demand for the safehaven metal.
Onboarding During COVID: New Hires Grapple With Office Politics From Home
Joining a new company can be tough at the best of times, with bosses to impress, skills to learn and new colleagues to befriend.
Capgemini Sees Double-digit 2020 Revenue Growth, Second-half Recovery
French consulting and IT services provider Capgemini said on Thursday it expected doubledigit revenue growth in 2020 driven by a gradual secondhalf recovery, crediting diversification for its resilience during the coronavirus crisis.
More Than 10% Of British Shops Vacant, Survey Shows
More than oneinten British shops now stand empty, reflecting recent widespread closures which are partly the result of the coronavirus crisis, a report on Thursday showed.
Chinese Trader Accidentally Sold off 5 Million Company Shares. His 'Fat Finger' Was Held Responsible
TCL Technology Group's managing chairman Li Dongsheng has issued an apology for the trade on his personal Weibo account, adding he personally made the decision to buy back the stock.
Argentina Gains Room To Breathe With Crucial Debt Deal - For Now
Argentina has gained breathing room after restructuring almost the entirety of $65 billion in foreign bonds, though it now faces a huge challenge to revive growth and repair government finances before the oxygen runs out.
Norway's Government In Deficit For The First Time In 25 Years
Norway's quarterly public spending exceeded the government's overall income for the first time in 25 years during the three months from April to June, Statistics Norway (SSB) said on Wednesday.
EU Markets Watchdog Says Stocks Rebound Out Of Kilter With COVID-hit Economy
Stock markets face possibly significant corrections after rebounding beyond their coronavirushit economic fundamentals, the European Union's securities watchdog said on Wednesday.
Ryanair's August Traffic Up 59% Month On Month To 7 Million
Ryanair flew 7 million passengers last month, up 59% on July as it returned to a more regular schedule but still less than half the number it flew a year earlier before the COVID19 pandemic hit air travel.
Sistema, Russia-China Fund Raise $281 Million From Sale Of Toy Retailer
Russian conglomerate Sistema said on Wednesday that it and the RussiaChina Investment Fund (RCIF) had raised 20.7 billion roubles ($281 million) from the sale of 25% of shares in Russia's biggest toy retailer Detsky Mir.
Iraq Seeks Exemption From OPEC Export Cut Deal Next Year
Iraq is seeking an exemption from an OPEC+ deal curbing oil production during the first quarter of 2021 but will adhere to the cuts over the next three months, Oil Minister Ihsan Abdul Jabbar said on Wednesday.
Global Markets: Stocks Gain On Brisk U.S. Manufacturing Survey, Stimulus Hopes
Asian shares inched up on Wednesday following buoyant U.S. manufacturing indicators and a rally in U.S. tech shares, with investors also expecting more policy support from Washington.
Owners Of Iranian Fuel Seized By U.S. Assert Rights To Cargoes
The owners of four Iranian fuel cargoes that were confiscated by U.S. authorities last month mounted a challenge to the seizure, asserting their rights to control the cargo, according to a court filing on Tuesday.
Rourkela Steel Plant Creates Records In Production, Dispatch
Rourkela Steel Plant, a unit of the staterun SAIL, has registered a record monthly production of 3,33,840 tonne of hot metal in August, a statement said on Tuesday. The monthly road dispatch of prime material at 54,183 tonne was also an alltime high.