Oil price surges as Trump predicts fast Russian-Saudi resolution

Trump: ‘The oil industry is being ravaged’ President Trump believes the oil dispute between Russia and Saudia Arabia will resolve things in the coming days. President Trump said he expects Russian and Saudi leaders will reach a resolution in their oil price war that has plunged oil’s value, saying during a coronavirus news conference Wednesday […]

Harvest Health, Verano Holdings Terminate Merger Deal

Cannabis company Harvest Health & Recreation Inc. (HRVSF) and privately-held Verano Holdings, LLC said Thursday that they have agreed to mutually terminate their merger transaction, citing the “persistent challenges” in consummating the transaction as well as current market conditions. The companies noted that various factors contributed significantly to the decision not to go ahead with […]

Mega bank consolidation on track; to take effect from April 1: Finance Minister

The government is not considering extending the deadline despite the coronavirus pandemic, said Nirmala Sitharaman The government on Thursday said the mega bank consolidation plan is very much on track and will take effect from April 1 despite the onslaught of coronavirus pandemic throwing the country out of gear. The Union Cabinet earlier this month […]

HDFC Bank’s Aditya Puri calls for rate cut

The MD also seeks relaxation in asset classification in view of COVID-19 Aditya Puri, the managing director of HDFC Bank, has called for interest rate cuts from the Reserve Bank of India, apart from a relaxation in asset classification for bad loan recognition, to fight the economic losses caused due to the spread of COVID-19. […]

Cement firms upbeat as A.P. to lift 12 million tonnes more a year

State projects offer hope to makers hit by slowdown Indian cement manufacturers are in an upbeat mood as the Andhra Pradesh Government has sought more than one million tonnes of cement per month for its projects for the next fiscal. “The yearly consumption of cement by the Andhra Pradesh Government is about 18 million tonnes […]

Passenger vehicle retail sales down 1.17% in February: FADA

Passenger vehicle retail sales in February last year stood at 2,28,959 units, the Federation of Automobile Dealers Associations said in a statement Automobile dealers’ body Federation of Automobile Dealers Associations (FADA) on March 12 said retail sales of passenger vehicles, measured by registration, declined 1.17% to 2,26,271 units in February. Also read | Passenger vehicle […]

Petrol, diesel prices cut across major cities

The prices of petrol and diesel have come down by about ₹5 a litre each since the beginning of this year State-owned oil marketing companies (OMCs) have reduced the prices of sensitive petroleum products such as petrol by 24-27 paise a litre and diesel by 24-26 paise a litre across major cities as the price […]

Outbreak affects another Princess cruise ship

SAN FRANCISCO — Another Carnival Corp. cruise ship has become embroiled in an outbreak of Covid-19, the disease caused by the novel coronavirus — this time in a West Coast-based liner called the Grand Princess where health officials say at least one former passenger has died after a recent cruise. The ship, on a voyage […]

Campbell’s says millennials really like their tomato soup

Campbell Soup Co. says it can thank millennials and their taste for tomato soup for its latest earnings results. The iconic soup company posted better-than-expected earnings and sales in the fiscal second quarter, sending shares soaring more than 7% in Wednesday trading. Mark Clouse, Campbell’s chief executive, said the company’s condensed soups, an item it […]