Business

As part of its efforts to stimulate the economy, Finance Minister Nirmala Sitharaman announced a slew of measures to spur demand and ramp up capital expenditure.

Similarly, the NSE Nifty rose 16.75 points or 0.14 per cent to close at 11,930.95. ITC was the top gainer in the Sensex pack, spurting over 2 per cent, followed by Infosys, Asian Paints, HCL Tech, Maruti, PowerGrid, ICICI Bank and TCS.

General Motors Co's (GM) vehicle sales in China grew 12% over JulySeptember versus the same period a year earlier, the Detroit automaker's first Chinese quarterly sales growth in two years.

In a regulatory filing, Vedanta said its buyback offer is deemed to have failed as per the terms of the delisting regulations after promoter Vedanta Resources did not receive the required number of shares to delist the firm.

After registering the case, the CBI searched the residence of Rakesh Wadhawan and his son Sarang in Mumbai, officials said.

Major companies tentatively scheduled to post quarterly earnings next week:

World shares pushed on from onemonth highs, with Asian stocks closing in on twoandahalfyear highs, as expectations grew of a Democratic victory in U.S. elections next month, reviving hopes for more U.S. stimulus.

The Reserve Bank of India (RBI) assured bond markets on Friday that it stands ready to take whatever measures are necessary to ensure adequate liquidity in the banking system, sparking a sharp rally.

Oil prices eased a few cents early in trading on Friday in a breather at the end of a week of big gains propelled by a strike in Norway that raised the prospect of supply from the major producer being slashed by up to 25%.

Power consumption in the month of October last year stood at 97.84 BU. Thus, the extrapolation of one week data indicates that power consumption is likely to witness year-on-year growth this month.

A gauge of Asian shares climbed to a onemonth high on Thursday, as renewed hopes for more U.S. stimulus helped restore investor confidence with markets now pricing in a Democratic victory during elections in November.

The meeting of the six-member MPC earlier slated for September 29 to October 1, was rescheduled as the appointment of independent members was delayed.

Stocks were mostly higher in Asia on Wednesday despite an overnight decline on Wall Street after President Donald Trump ordered a stop to talks on another round of aid for the economy.

Oil prices fell on Wednesday after U.S. President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirushit economy and on a largerthanexpected increase in U.S. crude inventories.

After years of calling Big Tech too big, Democratic lawmakers are calling for Congress to rein in Facebook, Google, Amazon and Apple by breaking them up, limiting future mergers and blocking self-dealing that could hurt competitors.

Southwest Airlines will cut pay for nonunion workers in January and says union workers must also accept less pay or face furloughs next year as the pandemic continues to hammer the airline business.