Euros

As it works toward a target of 50% electric vehicle (EV) sales globally by 2030, over two-thirds of the five-year investment budget is allocated towards electrification and digitalisation, up from 56% in a five-year plan it had released a year earlier.

Italy to contribute to Ukraine EU aid program with 700 million euros: govt draft

The decision is expected to be ratified by a cabinet meeting later in the day.

Soccer: Real Madrid closed financial year with 13 million euros profit

The club had managed to remain in profit over the three financial years affected by the COVID-19 pandemic, it added.

Finance sector continue to dominate offers in IIM-C placements

The entire process was completed with 100 per cent placement for the batch within three days, which witnessed a total of 474 top notch offers including significant number of international offers.

Luxottica and Essilor confirm plans to merge companies

The two companies said in a joint statement that the deal would entail Delfin - the holding company of Luxottica's founder Leonardo Del Vecchio - contributing its shares in Luxottica to Essilor based on an exchange ratio of 0.461 Essilor share for 1 Luxottica share.

More than 800 Lufthansa flights grounded as pilots resume strike

The walkout affects short-haul flights departing across Germany on Tuesday, forcing Lufthansa to cancel 816 out of around 3,000 planned flights. The pilots have also announced plans to strike on short- and long-haul flights on Wednesday.

ECB seeks to lend out more bonds to avert market freeze: sources

The ECB has bought more than a trillion euros (USD 1.06 trillion) of euro zone government bonds in a bid to shore up economic growth and inflation in the euro zone. For the most part the bank is holding these bonds.

Vodafone loss doubles to $5.5 billion due to India write-down

Vodafone said its loss after tax soared to 5.1 billion euros (USD 5.5 billion) in the six months to September 30, compared with a net loss of 2.5 billion euros one year earlier.

India seeks further discount on Rafale, deal in final stages

The French side, however, is adamant on the price it had offered way back in April which comes to about 7.89 billion Euros for the 36 fighter jets in fly away conditions, defence sources said.

Bundesbank concerns made RBI halt ACU euro settlement: Dy Guv

Concerns raised by Germany's Bundesbank led India to suspend trade in euros through the Asian Clearing Union, a regional trade settlement system, HR Khan, Deputy governor of the Reserve Bank of India, said on Monday.

Greece raises 1.4 bn euros in six-month treasury bill sale

Since the last auction on August 5, Athens and its international creditors agreed a third huge international bailout for the debt-stricken country, worth 86 billion euros over three years.

Greece pays ECB on maturing government bond: govt source

Greece received the first tranche of funds from its new bailout loan on Thursday after the European Stability Mechanism approved a rescue of up to 86 billion euros on Wednesday.

IMF staff urges to add China yuan to currency basket

The International Monetary Fund should put off any move to add the yuan to its benchmark currency basket until after September 2016, IMF staff said in a report which showed a mixed performance of the renminbi on meeting key financial norms.

Greece to vote on second bailout bill in test for Tsipras

Greek lawmakers are on Wednesday set to vote on a second batch of reforms that must pass if Athens is to receive its third huge international bailout, in a key test of Prime Minister Alexis Tsipras' authority.

App developer Shazam gets $40m backing from Carlos Slim

Smartphone app developer Shazam has found an unlikely ally in the form of Carlos Slim, one of the world's richest men, who is investing USD 40 million to back the development of the start-up best known for helping music fans identify catchy songs.

Cyprus secures bailout, avoids bankruptcy

Cyprus secured a package of rescue loans in tense, last-ditch negotiations early Monday, two EU diplomats said, saving the country from a banking system collapse and bankruptcy.

Chopper deal: CBI files FIR against SP Tyagi, 11 others

The CBI on Wednesday filed an FIR against 12 people including former Air Chief Marshal SP Tyagi and his cousins Julie and Docsa in the AgustaWestland chopper deal case. The FIR names four firms and 12 people.

Will fascination for gold cease in 2013? Find out

On CNBC-TV18‘s special show Indianomics, Satyajit Das, derivatives and risk management expert and author of 'Traders, Guns and Money' highlights the reason for increasing demand of gold and the factors affecting its price. “It is behaving as a currency.

Euro zone in deep downturn as China, US tick up

The euro zone economy is on course for its deepest downturn since early 2009, while Chinese factories returned to growth last month bringing better news for the world economy, business surveys showed on Thursday.

Spain agrees roadmap for football clubs to settle tax debts

The Spanish government and the football league (LFP) have agreed rules designed to pave the way for clubs to pay off hundreds of millions of euros in tax debts in a case that has attracted the attention of European Union antitrust officials

World stocks rise on U.S. data, euro gains on Spain

World equity markets advanced on Friday, on track to end the quarter with double-digit gains, as reports showing the U.S. economy and consumer sentiment still on the road to recovery helped buoy prices.

European shares drop, euro at 7-week low

European shares drop,euro at 7-week low

Bailing out Greece: Will it help?

For the past week, the tiny Peninsula of Greece has once again become the centre of global attention. Just one year ago the European Union granted Greece a 110 billion euro package to meet its debt obligations, in the hope that Greece will solve its problems in a year and be able to borrow on its own.

Asia stocks flat, euro stuck at 4-month low Vs $

Mounting fears over sovereign debt in the eurozone kept the euro tethered to four-month lows against the dollar on Monday, with investors nervous ahead of a flurry of bond sales from the region's weaker states.