Business news

Gold prices rise 6.35% in January; gold ETFs also gain

The spurt was largely due to a slump in global equity markets that witnessed heavy sell-off.

Jan 30, 2016

Interest rate cut signals from RBI, domestic car sales data to determine market direction next week

The RBI meets on 2 February to announce its sixth bi-monthly monetary policy statement.

Jan 30, 2016

Controversial putrajeevak beej medicine may bring troubles for Baba Ramdev

Principal Secretary Health Om Prakash said that the details have been sent to Chief Minister Harish Rawat.

Jan 30, 2016

HCL expands its footprint in Africa, Baltic region to boost growth

The company sees African region as a key market of its growth in the future.

Jan 30, 2016

JSW Steel reports net loss of Rs 923 crore

The company recorded a turnover of Rs 9,562 crore and net sales of Rs 8,621 crore.

Jan 30, 2016

Xerox to split into two companies, Icahn to get board seats on one

The document technology company, which will make printers and copiers, will have annual revenue of $11 billion.

Jan 30, 2016

ALS: Shockingly successful Copper-ATSM mice trials show first signs of prolonging life

Study could have discovered first motor neurone diseases treatment that can prolong lives for more than weeks.

Jan 29, 2016

India's foreign exchange reserves reverse 3-week fall, up $355 million

The reserves stood at $347.56 billion as on 22 January.

Jan 29, 2016

Import tariff on gold raised by $8 to $362 per 10 gm

The tariff was reduced by $14 to $443 per kg, according to finance ministry statement released on Friday.

Jan 29, 2016

Stock markets rebound, Sensex gains 400 points; rupee recovers from Thursday's low

Global positive cues and a strengthening rupee led to a 400-point rally on the BSE.

Jan 29, 2016

Bharti Airtel, Vodafone, Idea Cellular may 'skip' 700MHz spectrum auction: Fitch Ratings

The reserve price for the 700 MHz band spectrum is expensive, according to analysts and companies.

Jan 29, 2016

Three Wipro call centre employees arrested for 'security breach'

The call centre was run by Wipro for British telecom service provider TalkTalk.

Jan 29, 2016

Vedanta profit plunges 99% on slump in commodity prices

Vedanta said that it expects to improve its financials by the end of this fiscal year through cost-cutting measures.

Jan 29, 2016

Foodpanda struggles to find buyers despite low price tag: Report

Berlin-based Rocket Internet has been looking to sell its e-commerce firms Foodpanda, FabFurnish and PrintVenue amid intensifying competition in the sector.

Jan 29, 2016

Amazon shares plunge as record profit still misses estimates

Amazon.com Inc posted its most profitable quarter but the retailer missed estimates, sending shares down by 13%.

Jan 29, 2016