Business

US stocks traded higher on Friday, as Wall Street was buoyed by the two-day monetary policy testimony of the US Federal Reserve's chairman, which opened the door wider for potential rate cuts. At midday, the Dow Jones Industrial Average rose 148.67 points, or 0.55 per cent, ...

State Bank of India's Managing Director Anshula Kant has been appointed as Managing Director and Chief Financial Officer of the World Bank Group. The appointment was announced by World Bank Group President David Malpass on Friday. Kant is currently a Managing Director of SBI where she previously also ...

A Group of Ministers (GoM) has been formed to examine vexed issue of mining in Goa, Chief Minister Pramod Sawant told reporters late on Friday. The GoM includes Union Ministers for Finance, Environment, Agriculture, Mining, Commerce & Industries, Petroleum and Law, and is led by Home Minister Amit ...

Accenture on Friday announced the appointment of Julie Sweet, who played an integral role in the company's business and investment strategy, as its new CEO and David Rowland, currently interim CEO, as Executive Chairman. Sweet is currently the CEO of Accenture's business in North America, that ...

China's flag carrier has struck a sale agreement for 20 Airbus aircraft at a cost of around $6.54 billion, the company said on Friday. In an announcement sent to the Hong Kong stock exchange, Air China said that the planes, of the wide-body A350-900 type, were set to be delivered over ...

Garment exporter, KPR Mills on Friday became the first company to have withdrawn its buyback proposal due to the 20 per cent tax proposed on buyback obligations in the Finance Bill. The company had proposed a buyback offer( one of the preferred ways of paying ...

Accenture on Friday announced the appointment of Julie Sweet, who played an integral role in the company's business and investment strategy, as its new CEO and David Rowland, currently interim CEO, as Executive Chairman. ...