Business

A notice was issued to the Standard Chartered Bank India advising it to show cause as to why penalty should not be imposed on it for such non-compliance with the directions.

Oil edged higher on Wednesday on expectations that U.S. President Joe Biden's administration will deliver hefty pandemicrelated economic stimulus that will lift fuel demand and enact policies that will tighten crude supply.

Melanie Igbe's restaurant hosted 50 people a day when it opened in Nigeria's megacity Lagos a year ago. Fear of coronavirus has driven most diners away, but Igbe believes inflation rather than the pandemic may kill her business.

The European Union has issued fines to a U.S. video game platform and five game makers after they blocked players from buying cheaper copies of the games in other countries in the bloc.

Investors in Asian markets were poised for gains on Wednesday after Wall Street indexes rose on the back of U.S. Treasury Secretary nominee Janet Yellen's push for a sizable fiscal relief package in response to the COVID19 pandemic.

Oil prices climbed with U.S. stock markets on Tuesday ahead of Joe Biden's inauguration as U.S. president on optimism that more government stimulus will eventually lift global economic growth.

Plans submitted by EU member states so far for spending a record 1.8 trillion euros to rebuild economies wrecked by COVID19 fall short on reforms and must be improved, in the view of the European Commission, three diplomatic sources said.

On Monday, markets on Wall Street were shut due to a holiday while benchmark indices in markets of Japan, Australia rose today.

Oil prices fell on Monday as a stronger dollar, fears over soaring COVID19 cases around the world and the slow pace of vaccination against the virus outweighed a betterthanexpected quarterly rebound for China's economy.

Gold prices edged higher on Monday on the prospect of extended U.S. fiscal stimulus and accommodative monetary policies, although bullion held close to the 11/2 month low hit earlier as the dollar extended gains.

Malaysia will introduce 15 billion ringgit ($3.71 billion) worth of additional stimulus measures to support its pandemichit economy and fight COVID19, Prime Minister Muhyiddin Yassin said on Monday.

The price of 10 grams of 22-carat-gold stands at Rs 47,890 after a reduction of Rs 10.

Lebanon's caretaker health minister signed a final deal on Sunday to secure 2.1 million doses of PfizerBioNTech's COVID19 vaccine as the country battles a steep rise in infections.

An IndiGo Airlines flight going to Kolkata from Surat with 172 passengers on board made an emergency landing at Bhopal's Raja Bhoj Airport on Sunday due to a technical glitch, airport Director Anil Vikram said.

The Confederation of Indian Industry (CII) Taskforce has made several important submissions to V K Paul, Member, Niti Aayog and Rajesh Bhushan, Health Secretary and the National Expert Group on Vaccine Administration for COVID-19 (NEGVAC), sources said.

General Motors plans to spend $800 million to turn a Canadian SUV plant into one that will make electric delivery vans.