Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers. The price for a container of goods from China…
Five of top 10 firms add Rs 1.63…
New Delhi: Five of the 10 most valued domestic companies added Rs 1,63,795.48 crore in market capitalisation last week, with RIL accounting for the lion's share of the gains. Tata Consultancy Services (TCS), HDFC Bank,…
Coronavirus live updates: China says all Wuhan patients…
This is CNBC's live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks.Global cases: More than 2.8 millionGlobal deaths: At least 202,668Most cases reported:…
Indian companies need to deploy robust measures to…
NEW DELHI: Indian companies pursuing remote working policies need to deploy robust preventive measures to deal with spike in incidence of cyber attacks following COVID-19 outbreak, said a PwC report. "...cyber attacks on Indian companies…
ITPCL lenders to meet this week to vote…
Lenders to IL&FS Tamil Nadu Power Company (ITPCL), which is undergoing insolvency proceedings, are likely to meet this week to finalise a restructuring plan, a source said. ITPCL is a special purpose vehicle (SPV) incorporated…
Activist fund with a soft touch looks to…
A Sierra Wireless display at a trade show.Source: Sierra WirelessLion Point Capital, run by alumni of Elliott Associates, Perry Capital and Starboard Value, struck an agreement this month with Sierra Wireless, a struggling telecom hardware…
Analysts remain bullish about gold as an investment…
Analysts remain bullish about gold on Akshaya Tritiya day even though the nationwide lockdown due to Covid-19 has impacted sales of the precious metal. They suggest that gold can constitute 10% of the portfolio of…
‘Scary,’ ‘visceral,’ ‘unprecedented’: Traders describe oil’s wild week…
Comstock | Stockbyte | Getty Images"Scary," "unbelievable," "so dramatic," "unprecedented," "very visceral": These are among the choice words Wall Street veterans used to describe what was, for the oil market, a week for the history…
Ex-Apple employees are attacking the mask shortage problem,…
Fix The Mask co-founders Sabrina Paseman (left) and Megan DuongJo Ash SakulaLast year at this time, Sabrina Paseman was at Apple working on the design of the Mac Pro. Now, she's holed up in a…