Business news

lloyds banking group job cut net profit branches shut down

Lloyds Banking Group to cut 3,000 jobs, shut down 200 branches

The latest job cut and branch shut down announcement was made by the Lloyds Banking Group while declaring the H1 results.

Jul 28, 2016

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Taj Hotels and Resorts confident of prospects for travel and tourism sector in FY17

The Indian Hotels Company Ltd., which owns Taj Hotels, is a Tata Group company and will be holding its 115th AGM next month.

Jul 28, 2016

Asia dips as China stocks deepen losses, dollar down after Fed

South Korea's Kospi and Hong Kong's Hang Seng both shed 0.4 percent.

Jul 28, 2016

JSW Steel net profit rises exponentially in June quarter; Sajjan Jindal firm flags concerns over cheap imports

Sajjan Jindal-owned JSW Steel reports 52-fold increase in net profit for June 2016 quarter, YoY, but paints bleak outlook for steel sector.

Jul 28, 2016

Facebook trounces Wall Street estimates with sharp ad sales growth

The social networking site's shares were up 5.4 percent in after-hours trading at $130.01, after hitting their highest since the company went public in 2012.

Jul 28, 2016

YouTube app gets Google Cardboard support

India's 10 most-watched ads on YouTube for 2016 [Videos]

Nearly 4 lakh hours were spent watching these ads mostly on hand held devices.

Jul 27, 2016

Bharti Airtel net profit declines 30.8 percent for Q1; mobile revenues up 35 percent

Airtel's consolidated revenues at Rs. 25,546.5 crore rose yearly while net income declined by 30.8 percent year-on-year.

Jul 27, 2016

India buys 4 more anti-submarine aircraft to boost naval patrolling in Indian Ocean

The move is aimed at increasing the navy's power to check the presence of China in the Indian Ocean region, says a report.

Jul 27, 2016

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SpiceJet announces new subsidiary to sell consumer goods; shares rise sharply on BSE

SpiceJet Merchandise will engage in the business of electronic items and ready-made apparels through various channels.

Jul 27, 2016

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Hospital chain Columbia Asia gets $101 million in funding from Mitsui

Columbia Asia will use the funds from Japan's Mitsui & Co to expand its Asia operations and launch its first venture in Africa.

Jul 27, 2016

Air India on a hiring spree; will recruit 2000 crew members

In the next three years, Air India will hire 2,000 crew members.

Jul 27, 2016

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Hyundai global car sales fall in June quarter, operating profit marginally rises

Korean car maker Hyundai declared its June quarter profit and revenue results on Tuesday.

Jul 27, 2016

TCS, Infosys, Tech Mahindra feature among Forbes India Super 50 companies [PHOTOS]

The list, compiled in collaboration with PwC India, does not rank the companies but measures them for stock performance, profitability and sales.

Jul 27, 2016

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Yes Bank gets Sebi approval for mutual fund business, posts 32% growth in Q1 net profit; shares gain marginally

Private sector lender Yes Bank has reported a 32 percent rise in June quarter net profit, gets Sebi nod to commence mutual fund business.

Jul 27, 2016

Asia stocks near one-year highs; yen slips on BOJ easying bets

Japan's Nikkei gained 1.1 percent, leading the region.

Jul 27, 2016

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