Business news

Strong earthquakes rattle Italy; buildings collapse, no deaths reported

The mayor of Uttisa said that many houses have collapsed and his town is destroyed.

Oct 27, 2016

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Tata Group shares could open with losses on Thursday; here is why

Cyrus Mistry, points out that Tata Steel, Indian Hotels, Tata Motors and Tata Power are staring at mult-billion impairments

Oct 26, 2016

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I have a cunning plan: Corbyn likens PMs Brexit plan to Blackadders Baldrick

During Prime Ministers Questions on 26 October, Labour Party leader Jeremy Corbyn accused the government of having no plan when it came to Brexit. Corbyn poked fun at the prime ministers Brexit means Brexit phrase and likened it to that of the Baldrick, a character from the comedy series Blackadder.

Oct 26, 2016

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ITC net profit rises 10% YoY to Rs 2,500 crore for September quarter

However, cigarette revenue in the quarter increased 7 percent to Rs 8,528 crore over Rs 7963 crore recorded in the year-ago period.

Oct 26, 2016

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Axis Bank leads Sensex fall of over 250 points; Tata Steel, Tata Motors extend losses

Tata Motors, Tata Steel, ICICI Bank were the other top BSE Sensex losers after Axis Bank over global cues, Tata Group woes.

Oct 26, 2016

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Falling pound tempts tourists to shop for luxury brands until they drop

Luxury brands from Burberry to high end jewellers benefit as tourists flock to the UK to take advantage of the sliding pound.

Oct 26, 2016

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Arvind Ltd sells 10% stake in brand business arm for Rs 740 crore

Divesting the stake would help the company reduce its debt to Rs 2,460 crore from Rs 3,200 crore.

Oct 26, 2016

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Samvat 2073: Top picks by Angel Broking, Kotak, Geojit BNP Paribas this Diwali

Samvat 2073 commences on October 30 with the exchanges holding "muhurat trading" or special session, on BSE, NSE.

Oct 26, 2016

Apple's holiday surprise: Big sales, not so big profits

Apple Inc said improved sales from China were around the corner, despite revenue falling almost 30 percent.

Oct 26, 2016

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Bharti Airtel admits to Reliance Jio effect on Q2 results

An Airtel executive attributes slow revenue growth to "free services by a new operator," an indirect reference to Reliance Jio.

Oct 26, 2016

Cyrus Mistry says his removal as Tata Group chairman was 'unprecedented'; speculations rife about more exits

In an email sent to board members, Mistry says he "was not given a chance to defend" himself.

Oct 26, 2016

Axis Bank stock dives 7% on disappointing Q2 results

The bank reported 83 percent fall in its net profit to Rs 319 crore for the September quarter.

Oct 26, 2016

Flipkart CFO Baweja quits as exodus at the top continues

Since the top management rejig in January this year, exits in the top echelons of Flipkart have become common

Oct 26, 2016

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New Tata directors: Jaguar Land Rover CEO Ralf Speth and TCS chief N Chandrasekaran appointed Additional Directors on Tata Sons Board

Outgoing chairman of Tata Group, Cyrus Mistry continues on the board of Tata Sons, but has been re-designated as 'non-executive director'

Oct 25, 2016

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Man jailed for smashing his truck into traffic because he was on his mobile

Razvan Rusu was sentenced to eight months in prison for dangerous driving at Harrow Crown Court for using his mobile whilst driving his HGV lorry. Rusu had used his phone for 2km (1.2 miles) before the crash damaging three cars and injuring two drivers. Rusu pleaded guilty.

Oct 25, 2016

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Earth's spin axis is drifting- here are three reasons why as explained by NASA

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