UBS Securities India chief economist Tanvee Gupta-Jain on Tuesday retained the earlier house view of 11.5 per cent GDP growth this fiscal, saying the second wave has come as they were planning to upwardly revise growth forecast

Switzerland's No. 2 bank, which has dumped over $2 billion worth of stock to end exposure to Archegos, said Chief Risk Officer Lara Warner and Brian Chin, the bank's investment banking head, were stepping down following the losses

Credit Suisse and Nomura were slower than rivals to cut their exposure to the fund. Global lenders that acted as brokers for Archegos may have to write down more $6 billion after the fund defaulted on payments

Tata group companies' top executives had taken about a 20 per cent pay cut last year after coronavirus hit revenues hard. While decision on hikes is being discussed at various levels, salaries of top executives will be restored by March-end

Cash-strapped Future Group is trying to expedite the deal with Mukesh Ambani-led company and save the retail chain -- which includes brands like Big Bazaar, FBB, Central, Easyday and Brand Factory

This is the second salary hike by the IT bellwether in a span of six months; the company had announced one at the end of the second quarter of the current fiscal, effective October 1

Brent crude fell $1.47, or 2.16%, to $66.53 a barrel by 1341 GMT. U.S. oil was down $1.50, or 2.32%, at $63.10 after shedding 0.3% in the previous session. Both contracts are down more than 4% over the past five days

Indonesia's Indika Energy will hold 51 per cent and Fourth Partner Energy 49 per cent stake in EMITS

Executives in April pledged to contribute the equivalent of three months' salary to fight the coronavirus, amounting to some 5.1 million francs for the thirteen executives present at the time

Beijing in the last one-and-a-half years stepped up the pace of liberalisation mainly as part of a trade deal with the United States, and allowed foreigners to fully own their local ventures in areas including investment banking and asset management

Shares of ICICI Bank rose as much as 12.2 per cent to hit record high of Rs 602 apiece on the BSE, breaching its previous high of Rs 561, touched on January 13, 2021

GameStop, the video game retailer whose 1,700% rally has been at the heart of the slugfest in the past week, initially rallied to more than $480 a share on Thursday

The fall came amid the private sector lender reporting a 16.1% YoY growth in profit at Rs 1,853.5 crore for the quarter ended December 2020 against a profit of Rs 1,596 crore in a year-ago period

The stock of Kotak Bank opened at Rs 1798 and hit day's high of Rs 1823.05 in early session. Later, the stock fell 2.6% to day's low of Rs 1747.30 against the last close of Rs 1795.15

Announcing the details during its online Davos Agenda Summit, the WEF said a total of 61 business leaders have so far committed to the core Stakeholder Capitalism Metrics

The fall in FDI flows across developing regions was uneven, with (-)37 per cent in Latin America and the Caribbean, (-)18 per cent in Africa and (-)4 per cent in developing countries in Asia

Following the outbreak of Covid pandemic early last year, many companies adopted a work from home policy for their employees

The slowdown in spending by Indian households through the lockdowns has resulted in $200 billion extra net savings in financial assets

Japan's Nikkei 225 rose 0.8% to finish at 28,756.86, while South Korea's Kospi edged up 1.5% to 3,160.84. Hong Kong's Hang Seng slipped 0.1% to 29,927.76, while the Shanghai Composite added 1.1% to 3,621.26

An all-party meeting is a ritual before the beginning of every Parliament session to ensure smooth functioning. This time, however, the meeting will be held a day after the Budget session begins on January 29