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Cyclical Consumer Goods

UPDATE 2-Auto supplier Magna's sales beat as virus-hit vehicle production rebounds

Aug 7 Auto parts maker Magna International Inc on Friday reported better-than-expected quarterly revenue and forecast full-year sales above estimates, as vehicle production in North America showed signs of a recovery from the COVID-19 pandemic.

3:58pm IST

Tired of Zoom calls? Company offers at-home hologram machines

LOS ANGELES, Aug 7 Looking for a new way to communicate during the pandemic? A Los Angeles company has created phone booth-sized machines to beam live holograms into your living room.

3:30pm IST

Ceconomy looking for new CEO - sources

DUESSELDORF, Aug 7 Europe's biggest consumer electronics chain, Ceconomy, is looking for a successor for interim Chief Executive Bernhard Duettmann whose contract, due to expire in October, has not yet been extended, four sources with knowledge of the matter said.

2:57pm IST

Auto supplier Magna reports quarterly loss as virus hits sales

Aug 7 Canadian auto parts maker Magna International Inc reported a quarterly loss on Friday, as automobile production fell 70% in North America due to the coronavirus crisis.

2:36pm IST

UPDATE 6-Trump preps bans on WeChat, TikTok, stoking tension with Beijing

* Asia stocks fall; Tencent shares lose as much as 10% (Adds comment from China's foreign ministry, paragraphs 3,4, and TikTok comment, paragraph 6)

2:22pm IST
BSE OIL & GAS +0.69%
BSE BANKEX +0.38%
BSE METALS +0.74%
BSE REALTY -0.20%
BSE AUTO +0.75%
BSE POWER +1.21%
BSE-CG +0.48%

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India's Serum Institute to partner with Gates Foundation to make COVID-19 vaccine

BENGALURU The Serum Institute of India said it will partner with the Bill & Melinda Gates Foundation and international vaccine alliance GAVI to manufacture and deliver 100 million COVID-19 vaccine doses for India and other low- and middle-income nations as early as 2021.