India offers incentives to state-owned oil and gas firms

Jul 18 2018 | 2 hrs ago

Oil and Natural Gas Corp Ltd and Oil India Ltd will pay royalty and cess tax only to the extent of their equity holding in oil and gas blocks given to them before 1999, Oil Minister Dharmendra Pradhan said.

Pfizer-Lilly pain drug found effective in late-stage study

Jul 18 2018 | 3 hrs ago

An experimental drug developed by Pfizer Inc and Eli Lilly and Co achieved its main goal of reducing pain in osteoarthritis patients in a late stage trial, the companies said.

China's iQiyi snaps up game maker Skymoons in $300 mln deal

Jul 18 2018 | 9 hrs ago

China’s iQiyi Inc, often likened to U.S. streaming giant Netflix, has snapped up domestic game maker Skymoons in a deal that could be worth nearly 2 billion yuan as it looks to broaden its offerings following a U.S. listing.

Tesla Model 3 is most profitable electric car: Consultant

Jul 17 2018

The Tesla Inc Model 3 sedan is the most profitable electric car in the automotive industry, according to the head of a top automotive consultant.

UnitedHealth tops earnings estimates, raises forecast

Jul 17 2018

UnitedHealth Group Inc posted a second-quarter profit that beat Wall Street estimates as it added more members to its health plans, and the company raised its full-year earnings forecast.

Netflix subscriber slip hints at 'lumpy' road ahead

Jul 17 2018

Shares of Netflix Inc fell 13 percent on Tuesday after it reported a surprise shortfall in subscriber additions for a second quarter marked by the lack of a blockbuster new show and the soccer World Cup.

NDA govt is working to double farmer income by 2022: PM Modi

Jul 16 2018

Prime Minister Narendra Modi today said his government is working to double the income of farmers by 2022.

PM's remark that INC is party for 'Muslim men' only reflects his 'sick mentality': Congress

Jul 15 2018

The Congress today said Prime Minister Narendra Modi's remark that it was a party for Muslim men only highlighted his "sick mentality".

PNC Financial profit tops estimates on higher interest rates

Jul 13 2018

PNC Financial Services Group Inc on Friday posted a quarterly profit that beat analysts’ estimates, driven by higher net interest income and improved fee income, sending shares of the regional lender up more than 1 percent in premarket trade.

Citigroup profit rises 16 percent on lower taxes, higher fee income

Jul 13 2018

Citigroup Inc (C.N) reported a 16 percent increase in quarterly profit on Friday, as the Wall Street bank benefited from lower taxes, higher fee income and strength in its consumer banking business in Mexico.

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