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Business

SBI profit lifted by stake sale in boost to shares

State Bank of India said on Friday its quarterly net profit had risen by 327% to 35.81 billion rupees ($474 million) after a one-off gain from the sale of its stake in SBI Cards and Payment Services, lifting its shares by as much as 9%.

Business Video

India MPC members see space for more easing - minutes

The impact of the pandemic on India's economy has been far more acute than expected and the central bank's monetary policy committee (MPC) stands ready to ease financial conditions further if warranted, minutes of its May meeting showed.

U.S. labour market unexpectedly improves; recovery years away

The U.S. economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by the COVID-19 pandemic was probably over, though the road to recovery could be long.

Russia's Novak calls for strict OPEC+ compliance

Russian energy minister Alexander Novak said on Saturday the global oil market was still fragile and it was important for all OPEC and non-OPEC members to comply in full with an oil output pact.

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