Business
Sensex Rallies Over 300 Pts to Scale Fresh Intra-day Peak; Nifty Tops 13,200
After scaling a peak of 44,953.01, the 30-share BSE index was trading 176.87 points or 0.40 per cent higher at 44,794.91.
Wipro, Dabur India, Tata Chemicals: Stocks in Focus Today
Following a subdued trend in Asian peers, India market is likely to open flat on December 3. SGX Nifty was trading 1.00 points lower at 13,15 at 7 am. This indicates a flat start for Nifty50 and Sensex.
Fed Reports Slowing US Economic Activity Due To Virus Surge
A Federal Reserve survey of business conditions around the country found that economic activity in several regions was slowing in November as coronavirus cases surged.
Waiting For Passengers, American Puts Boeing Max In The Air
American Airlines is taking its longgrounded Boeing 737 Max jets out of storage, updating key flightcontrol software, and flying the planes in preparation for the first flights with paying passengers later this month.
Walmart Drops $35 Minimum For Its Members' Online Orders
Shoppers on Walmart.com who pay a $98ayear membership fee will get free shipping on orders of any size starting Friday.
SoftBank Winding Down Options Trading After Investor Backlash - Bloomberg News
Japan's SoftBank Group Corp is winding down its derivatives strategy following investor backlash, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Nikola Dives 15% After Share Lockup Period Expires, Reworked GM Deal
Nikola Corp's stock dropped 15% on Tuesday, extending its recent drop as certain insiders were allowed to sell shares of the electric truck maker a day after General Motors Co revised its deal with Nikola.
Salesforce To Buy Workplace App Slack In $27.7 Billion Deal
Salesforce.com Inc has agreed to buy workplace messaging app Slack Technologies Inc in a $27.7 billion deal, the biggest by the cloudcomputing pioneer as it bets on an extended run for remote working and sharpens its rivalry with Microsoft.
Airbnb Aims For Up To $35 Billion Valuation In Long-awaited IPO
Airbnb Inc is aiming for a valuation of nearly $35 billion in what will be the last blockbuster U.S. IPO of the year, marking a stunning recovery in its fortunes after the home rental firm was ravaged by the COVID19 pandemic earlier this year.
Credit Suisse Breaks With Tradition With Lloyds Chairman Pick
Credit Suisse for the first time has reached beyond Swiss borders and proposed outgoing Lloyds Bank Chief Executive António HortaOsório should succeed Urs Rohner, who has spent nearly a decade as chairman.
Is Shopping In Stores Safe During The Pandemic?
Is shopping in stores safe during the pandemic?
WTO Largely Backs Japan Over South Korean Steel Duties
The World Trade Organization backed Japan in several claims in a ruling on Monday against South Korea's 16yearold antidumping duties on Japanese stainless steel bars.
GM, Nikola Announce Reworked Agreement; Nikola Shares Tumble 24%
General Motors Co and Nikola Corp on Monday announced a reworked agreement on a fuelcell partnership that eliminates an equity stake in the startup for the Detroit automaker as well as plans for building Nikola's electric pickup truck, sending Nikola shar...
UK To Ban New Huawei Gear Installations After Sept
Wireless carriers in the U.K. wont be allowed to install Huawei equipment in their highspeed 5G networks after September 2021, the British government said Monday, hardening its line against the Chinese technology company.
UK Mortgages Hit 13-year High, But Consumers Wary About Borrowing
British lenders approved the most mortgages in more than 13 years in October, Bank of England data showed on Monday, suggesting no letup yet in a postcoronavirus lockdown bounceback in the country's housing market.
Dutch Bank ABN Amro To Shed Almost 3,000 Jobs In Pull Back From Abroad
Dutch bank ABN Amro said on Monday it would cut almost 3,000 jobs by 2024 as it retreats to the Netherlands and limits its international exposure to northwest Europe.
