SBI sheds 2.1% stake in SBI Life via…

New Delhi: State Bank of India on Tuesday said it has sold 2.1 per cent stake of its stake its subsidiary SBI Life Insurance Company through the offer for sale route to comply with shareholding…

IEA sees largest drop of oil demand in…

An Indian Oil Petrol Pump employee is seen wearing a face shield, as he fuels a customer's vehicle in an open Petrol Retail Outlet of Kolkata during the Covid-19 pandemic.Avishek Das | SOPA Images |…

Alibaba Cloud to invest USD 283 mn to…

NEW DELHI: Alibaba Cloud, the data intelligence backbone of Alibaba Group, on Tuesday said it will invest RMB 2 billion (USD 283 million or about Rs 2,144 crore) during this fiscal year to empower global…

A ‘Medigap’ policy picks up some costs that…

Karen Ducey | Getty ImagesSo you've enrolled in Medicare and have determined that a supplement plan — aka, "Medigap" — is an appropriate add-on for you. There may be more decisions to make.While Medigap policies are…

The Fed says it is going to start…

The Federal Reserve is expanding its foray into corporate credit to now buy individual corporate bonds, on top of the exchange-traded funds it already is purchasing, the central bank announced Monday.As part of a continuing…

Walmart buys tech from Carezone to help people…

A worker delivers groceries to a customer's vehicle outside a Walmart Inc. store in Amsterdam, New York, on Friday, May 15, 2020.Angus Mordant | Bloomberg via Getty ImagesWalmart is acquiring technology and intellectual property from…