Business news

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Terralogic, Matrium Technologies to jointly serve customers in Southeast Asia

The new entity is registered in Australia as Matrium Terralogic PTY Ltd. and will do business as Matrium Terralogic.

May 16, 2017

What is in the Labour Party manifesto?

The party are promising to renationalize energy, water rail and mail services, give an additional £6bn ($7.76bn) to the NHS, and raise corporation tax.

May 16, 2017

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Here's how much Indian user data WhatsApp shares with Facebook!

WhatsApp may have to pay a hefty fine in Italy for violating anti-trust rules. However, all eyes are now on India, where the Supreme Court is hearing a similar case.

May 16, 2017

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Brigade Hospitality Services' Nirupa Shankar hopes for 'achchhe din' this fiscal

Demonetisation hit real estate firms hard last year and this fiscal, the companies have to contend with RERA and GST; still the sector is optimistic, says Nirupa Shankar, director, Brigade Hospitality Services Ltd.

May 16, 2017

Ford likely to cut 10 percent of its global workforce in a bid to increase profits

Ford is likely to cut about 10 percent of its salaried workforce worldwide as the brand aims to boost its profits and stock.

May 16, 2017

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Benchmark indices hit record highs

The BSE Sensex opened at 30,391.48 and was trading at 30,478.66 at around 9.30 am.

May 16, 2017

Thermo Fisher to buy Patheon for $5.2 billlion to expand biopharma services

Thermo will also assume $2 billion in net debt, putting the cost of the deal at about $7.2 billion for Patheon, which generated $1.9 billion in revenue last year.

May 16, 2017

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Modi govt turns 3: Sensex gains 25% since May 16, 2014

The BJP-led NDA under Narendra Modi as prime ministerial candidate came to power in May 2014, triggering many highs for benchmark indices Sensex and Nifty.

May 16, 2017

Vedanta Q4 consolidated net profit at Rs 2,989 crore

Consolidated revenue rose 41 percent to Rs 22,371 crore.

May 15, 2017

ICICI Bank, HDFC slash home loan rates

For loans up to Rs 30 lakh, interest rate on home loan will be 8.40 percent for men and 8.35 percent for women, say ICICI Bank and HDFC; the cuts come a week after SBI made a similar reduction.

May 15, 2017

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Sensex, Nifty zoom to close at record highs

Positive global cues, coupled with retail inflation and factory output data released last Friday, and early monsoon lifted stock markets; Piramal Enterprises zooms on upbeat Q4 results.

May 15, 2017