Business

The country's largest lender State Bank of India is actively looking to hive off its digital platform Yono into a separate subsidiary, its chairman Rajnish Kumar said. Yono or You Only Need One App is the lender's integrated banking platform.

Starting off on a high note, the 30share BSE gauge zoomed to the day's peak at 39,263.85, before ceding some ground to settle at 38,973.70, up 276.65 points or 0.71 per cent.

The combination of COVID19 and a failure to secure a postBrexit trade deal with the European Union could cost the United Kingdom around 134 billion pounds ($174 billion) each year in lost GDP for a decade, research by law firm Baker & McKenzie showed.

The merchandise exports in September this year has recorded a growth of 5 per cent year-on-year, GST collections are up by 4 per cent over the corresponding period, and railway carried 15 per cent more freight, he said.

The U.S. unemployment rate fell to 7.9% in September, from 8.4% in August, a big drop that in normal times would be welcome news for a presidential incumbent seeking reelection in just over a month.

A blank checkcompany helmed by former Uber Technologies Inc's executive Emil Michael is looking to raise $250 million in an initial public offering, the company said on Friday.

Just how resilient is the U.S. economys recovery from the coronavirus recession? The weakening of the nation's jobgenerating machine in September for a third straight month reinforced doubts.

The trade deficit in September 2019 stood at $11.67 billion. In June, the country had recorded a trade surplus of $0.79 billion. Outbound shipments in September last year were $26.02 billion.

Malaysia Aviation Group, the holding company for Malaysia Airlines Bhd, said in a letter to lessors the group is unlikely to be able to make payments owed after November unless it receives more funding from state fund Khazanah.

The U.S. Transportation Department said Thursday it fined Emirates airline $400,000 for operating flights in parts of prohibited Iranian airspace in 2019.

Carnival Cruise Line is canceling most U.S. sailings through the end of this year, the latest sign that the cruise industrys recovery from the coronavirus pandemic could still be many months away.

On his first day in Ford's top job, CEO Jim Farley is replacing the company's chief financial officer and announcing other structural and management changes.

Gold prices edged higher on Thursday as a softer dollar and signs of progress in negotiations over fresh U.S. stimulus measures bolstered the metal's appeal.

As many Americans face months on end stuck indoors, some are using their time (and money) to create a change of scenery or upgrade their surroundings. Office equipment purchases are on the rise, and people are tackling more renovation projects than usual.

In Delhi, 22-carat and 24-carat gold are today coming at a price of Rs 48,910 per 10 gram and Rs 53,360 per 10 gram. The prices of 22-carat and 24-carat yellow metal stand at Rs 49,010 per gram and Rs 50,010 per 10 gram in Mumbai.

The chief executive of GlaxoSmithKline, the world's largest maker of vaccines, said she was optimistic the industry will be able to make an immunisation against COVID19 widely available next year.