Business

India, the world's third-biggest oil importer and consumer, imports more than 80% of its oil needs and relies heavily on the Middle East.

The move is supposed to benefit the government exchequer in reducing recurring expenditure.

Asian stocks were set to open mostly lower on Wednesday following a selloff in U.S. stocks, as investors awaited the Federal Reserve's meeting and whether the central bank will maintain nearzero interest rates amid the economy's postpandemic recovery.

The cost of one gram of 22-carat gold increased by Re 1 to stand at Rs 4,388 compared to the earlier rate of Rs 4,387.

California Public Employees' Retirement System (CalPERS) and Norges Bank Investment Management (NBIM) voted in favour of a proposal by a top Toshiba Corp shareholder for an independent probe into the Japanese conglomerate, according to voting records.

Major energy companies are turning their carbon sequestration technologies and projects into business ventures, converting some efforts that help pump more oil and gas into profitmaking ventures while burnishing their environmental reputations.

Benchmark U.S. crude oil for April delivery fell 41 cents to $65.61 a barrel Friday. Brent crude oil for May delivery fell 41 cents to $69.22 a barrel.

Prominent attorneys Kenneth Feinberg and Camille Biros have been named to oversee a $500 million victim compensation fund for the relatives of 346 people killed in two fatal Boeing 737 MAX crashes, a spokeswoman for Feinberg confirmed on Wednesday, the se...

Announcing the 'Wear N Pay' wearable devices brand, Axis Bank said it is the first bank in India to offer such a service.

The public offering started on March 3 and closed after three days on March 5.

Cyber sleuths have already blamed China for a hack that exposed tens of thousands of servers running its Exchange email program to potential hacks. The CEO of a prominent cybersecurity firm says it now seems clear China also unleashed an indiscriminate, a...

Stocks that traded heavily or had substantial price changes Friday:

On March 1, the BSE Sensex witnessed a massive gain of 749.85 points or 1.53 percent to close at 49,849.84 whereas the NSE Nifty was up by 232.40 points or 1.60 percent to settle the day at 14,761.55.

In the national capital, the price of 22-carat gold stood at Rs 44,840 per 10 grams. Whereas for buying 10 grams of 24-carat gold one will have to pay Rs 48,920.

Investigators who are looking into the rollover crash that injured golf legend Tiger Woods will rely heavily on data stored in the Genesis SUV he was driving to figure out what happened.

Home-sharing site Airbnb posted a $3.9 billion loss in the fourth quarter of 2020 as it suffered from the pandemic downturn in travel and recorded one-time costs for becoming a public company.