Business news

Oil prices push closer to $50, US crude hits highest in 7 months

U.S. crude futures had climbed 62 cents to $49.24 a barrel by 0249 GMT, after ending the previous session up 54 cents.

May 25, 2016

HP Enterprise to merge IT services unit with Computer Sciences

HPE is expected to have $33 billion in annual revenue after the spin off and will concentrate on its remaining enterprise group.

May 25, 2016

India invites bids for small oil, gas fields after 6 years

Sixty-seven of these fields to be offered in 46 contracts hold in-place reserves of 85 million metric tonnes of oil.

May 24, 2016

Government order on GM seeds royalty fee kept in abeyance: Report

Monsanto collected Rs. 530 crore annually as royalty fee for its Bt cotton seed technology.

May 24, 2016

fun cinema screen count cinepolis mexica mexican hindi films multiplex

Cinepolis to spend Rs. 400 crore to expand screen count in India

The Mexican multiplex chain intends to add 160 more screens in India by 2017, just like its rivals Inox and PVR.

May 24, 2016

Time ripe to merge state-run banks, says Banks Board Bureau chief

Vinod Rai said the consolidation exercise would cut the number of state banks to no more than six from 27 now.

May 24, 2016

Axis Bank plans to raise $500 million via green bonds: Report

The proceeds from the $500 million to be raised by Indian lender Axis Bank will be utilised to finance clean energy projects.

May 24, 2016

Ramdev's Patanjali to enter digital healthcare space

The yoga guru plans to launch an online venture for Ayurvedic consultations, the Times of India reported.

May 24, 2016

Samsung Galaxy C9 Pro launched in China, India availability unknown

Electronics giant Samsung may enter US drug market with Remicade biosimilar

Samsung's affiliate said that USFDA has accepted to review its replica drug.

May 24, 2016

Tribune gets $70.5 million investment, rejects Gannett offer

Tribune also rejected Gannett Co Inc's latest takeover offer of $15 per share but would allow Gannett access to some confidential corporate information.

May 24, 2016

Production of Coke halted in Venezuela for lack of sugar

Production of sugar-sweetened drinks has stopped, but output of diet drinks such as Coca-Cola light and other zero-sugar beverages continued.

May 24, 2016

VietJet aims to be 'Emirates of Asia,' orders 100 jets from Boeing for $11.3 billion

Private player VietJet is also planning an IPO to fund its ambitious expansion on global routes, while also becoming Asia's top budget airline.

May 23, 2016

SAIL sets sales target of 17 million tonnes for present fiscal

Steel Authority of India Ltd. also plans to expand its presence in the defence and aerospace sectors.

May 23, 2016

Dollar falls vs yen after Japan logs larger-than-expected trade surplus

The greenback was down 0.5 percent at 109.720 yen, pulling back from a three-week high of 110.59 scaled on Friday.

May 23, 2016

Oil prices dip on strong dollar, firm global supplies

Brent futures LCOc1 were down 14 cents at $48.58 a barrel as of 0154 GMT, after ending the previous session 9 cents down.

May 23, 2016

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