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Amazon Sees Pandemic Boosting Holiday Sales And Investment In Delivery
Reuters | Friday October 30, 2020Amazon forecast operating profit to be between $1.0 billion and $4.5 billion, short of $5.8 billion analysts were looking for, according to research firm FactSet. -
Global Stock Markets Decline As Coronavirus Infection Rate Weighs
Reuters | Friday October 30, 2020, LondonA strong central bank-fuelled bounce back from the initial pandemic slide earlier in the year has faltered this week. -
Crude Oil Faces Bumpy Road To Recovery As COVID-19 Accelerates: Poll
Reuters | Friday October 30, 2020Analysts expecting a rough road to recovery into 2021 as an accelerating coronavirus outbreak fans renewed demand concerns. -
BSE To Consult SEBI On Future-Reliance Deal After Amazon Objection: Report
Reuters | Friday October 30, 2020Amazon on October 25 won an injunction from a Singapore arbitrator to halt Future's deal to sell retail assets to Reliance. -
Indian Oil Profit Beats On Inventory Gains, Lower Expenses
Reuters | Friday October 30, 2020Net profit for the state-owned company rose to Rs 6,227 crore in the three months ended September30, from Rs 563 crore a year earlier. -
Gold Price Firms As Dollar Dips, Coronavirus Concerns Grow
Reuters | Friday October 30, 2020Unprecedented stimulus measures globally boosted gold's appeal as a hedge against inflation and currency debasement. -
Bharat Petroleum Puts Bina Refinery Expansion Plan On Hold Pending Privatisation
Reuters | Friday October 30, 2020BPCL wanted to install a residue fluid catalytic cracker at the Mumbai refinery and connect the plant with a new site where it wanted to build an ethylene cracker. -
Sensex, Nifty Fall For Third Day In A Row Dragged By Auto Shares
Edited by Abhishek Vasudev | Friday October 30, 2020Six of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Auto index's 1.2 per cent decline. -
Share Market Updates: Sensex Falls Over 500 Points As Financial, Auto Shares Weigh On Markets
Edited by Sandeep Singh (with inputs from agencies) | Friday October 30, 2020Share Market Updates: Bharti Airtel, Hero MotoCorp, HUL, Eicher Motors, Bajaj Finance and Maruti Suzuki were the top Nifty losers. -
Sensex Closes 136 Points Lower As Markets Extend Losses To Third Day
Edited by Sandeep Singh | Friday October 30, 2020Bharti Airtel, Hero MotoCorp, HUL, Eicher Motors, Bajaj Finance and Maruti Suzuki were the top Nifty losers. -
Government To Offer Production-Linked Incentives To More Sectors: NITI Aayog
Reuters | Friday October 30, 2020The Cabinet will soon consider approving such incentives for more sectors, Rajiv Kumar, vice chairman of NITI Aayog, a government think-tank told a virtual conferenc -
Sensex Slumps Over 500 Points, Nifty Below 11,550 Amid Broad-Based Selloff
Written by Abhishek Vasudev | Friday October 30, 2020Mid- and small-cap shares were also witnessing selling pressure as Nifty Midcap 100 index declined 0.25% and Nifty Smallcap 100 index fell nearly 1%. -
WeWork To Revisit IPO Plans Only When Profitable: CEO Sandeep Mathrani
Saritha Rai, Bloomberg | Friday October 30, 2020Last week, Fitch Ratings lowered WeWork's credit rating and warned the once high-flying startup could default on its obligations. -
Why Global Investors Are Warming Up To Emerging-Market Stocks
Cormac Mullen, Bloomberg | Friday October 30, 2020A growing number of investors are warming to developing-nation stocks as the global economy recovers from the worst of the coronavirus pandemic. -
Shapoorji Pallonji Group Files Plan In Top Court To Part Ways From Tata Group
Reported by A Vaidyanathan,Sakshi Bajaj, Edited by Sandeep Singh (with inputs from agencies) | Friday October 30, 2020The Shapoorji Pallonji Group on Thursday sought a formal separation from Tata Group in the Supreme Court, proposing that its stake in Tata Sons be swapped for a pro-rata stake in the Tatas' listed companies. The two conglomerates have been embroiled in a legal battle since 2016 when Cyrus Mistry, scion of the family that controls the SP Group, was sacked as chairman of Tata Sons. The Shapoorji Pallonji or SP Group, which is the largest minority shareholder in Tata Group, believes it is necessary to separate interests from the auto-to-steel conglomerate.
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