Eurozone CRISIS: Manufacturing activity SLIDES across eurozone with Germany WORST hit

Factories in the eurozone recorded their worst month for almost six years in March, declining for an eight month and slipping deeper into contraction territory. IHS Markit’s March final manufacturing Purchasing Managers’ Index...

GM cutting 14,000 North American jobs

General Motors is slashing thousands of jobs and closing five plants across North America as the automaker shifts production away from low-selling car models to focus on autonomous and electric vehicles. ...

Gross NPAs jump to 11.2% or Rs 10.39 tln in FY18: RBI Report

MUMBAI: The number of ATMs has declined marginally to 2.07 lakh in FY18 from 2.08 lakh in FY17, primarily due to branch rationalisation by a few public sector banks, the Reserve Bank said...

Steel sector growth may top GDP numbers: Metallurgists' body

KOLKATA: The steel sector's growth in the first half of the current fiscal could surpass that of the country's GDP numbers, a senior official of a metallurgists' body said on Monday. The official of...

Danube Home makes India foray from Hyderabad, to invest Rs 1,400 cr over 10...

HYDERABAD: Dubai headquartered Danube Home, part of the Danube Group, has forayed into India’s home furnishings market from Hyderabad on Thursday by opening its first store, nearly a quarter after Swedish furniture giant...

Week ahead: markets eye PMIs, brace for trade hit

Markets are bracing for a global data dump, with major economies releasing their first August PMI readings for manufacturing. As David Pollard reports, any unexpected weakness could spike concerns in a week...

S&P, Nasdaq rise on tame inflation data

The S&P 500 and the Nasdaq rose on Tuesday after tame inflation data underscored the Federal Reserve's dovish stance on interest rate hikes. But as Fred Katayama reports, the Dow ended lower as...

Deutsche, Commerzbank eye $2tln megabank

Germany's two biggest banks, Deutsche Bank and Commerzbank, are in talks over a merger, but unions say a deal could cost tens of thousands of jobs. Julian Satterthwaite reports. READ SOURCE

Salary delays causing loan EMI default, stress: Air India pilot body

Air India's union representing narrow body pilots Wednesday alleged a majority of its members were defaulting on bank EMIs due to the salary delays which was also putting them under a lot of...

Glenmark Pharma gets USFDA nod for ear drops

Glenmark Pharmaceuticals on Tuesday said it has received final approval from the US health regulator for Fluocinolone Acetonide Oil, used to treat eczema of the ear. Glenmark Pharmaceuticals Inc, USA (Glenmark) has been granted...
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