Business news

Nokia acquires Finnish network service provider Comptel for $370 million

The acquisition will help Nokia create a standalone software business by expanding its software portfolio and go-to-market capabilities.

Feb 10, 2017

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Gold prices at near 3-month high over uncertainty in French polls, Trump's policies

Fears over US President Donald Trump's policies and political uncertainties in Europe lift gold prices to almost 3-month high.

Feb 9, 2017

Copper prices hit 18-month high as workers at BHP Billiton's Escondida mine in Chile set to go on strike

A work stoppage at Escondida, the world's largest copper-mining site, will cut about 25,000 tonnes a week from the global copper market.

Feb 9, 2017

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Infosys: Former CFO Pai wants company to look at share buyback, questions severance pay to Rajiv Bansal

Bengaluru-based Infosys should take a cue from Cognizant Technology Solutions (CTS), says Mohandas Pai, ex-cCFO of the company and investor.

Feb 9, 2017

Is India prepared to recycle its huge pile of junk mobile phones and computers?

India, the world's second largest mobile market, is also the fifth largest producer of e-waste, discarding roughly 18.5 lakh tonnes of e-waste each year.

Feb 9, 2017

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Allcargo Logistics shares fall 3% ahead of Q3 results

Shares of Allcargo Logistics trade weak on BSE before its Q3 results scheduled for February 13; GST is the biggest influencer of logistics stocks.

Feb 9, 2017

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Travel startup Wandertrails raises $1 million from Earlsfield Capital

Wandertrails, a portal that helps people find adventure trails, bike trails and treks, gets backing from UK-based VC firm Earlsfield.

Feb 9, 2017

Snapdeal to close handicrafts marketplace Shopo.in amid mounting losses, fund woes

Snapdeal's Shopo.in is shutting operations from February 10 as the e-commerce player is looking to aggressively cut costs.

Feb 9, 2017

Stock markets abuzz with rumours of Axis Bank-Kotak Mahindra Bank merger

A top fund manager was quoted saying in an English daily that a merger is being explored by the shareholders of Kotak Mahindra Bank and Axis Bank.

Feb 9, 2017

Sania Mirza summoned by service tax department for tax evasion

The summons were issued on February 6 and require Sania Mirza to appear in person or by an authorised agent on February 16.

Feb 9, 2017

5 smart speakers you can buy for the ultimate smart home in 2017: Amazon Echo, Google Home, and others

Smart speakers like Amazon Echo and Google Home are a must for a smart home, and a few new devices are set for release in 2017.

Feb 8, 2017

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CarTrade raises $55 million in Series G funding led by Temasek

A classifieds portal for used cars, CarTrade, owned by MXC Solutions India, also holds auctions for pre-owned cars.

Feb 8, 2017

Uber's flying car initiative gets a massive boost from NASA

Uber Elevate, the flying car initiative, will have Moore as its director, in the hope that he will be able to drive the initiative to create flying cars that will be available commercially.

Feb 8, 2017

Maximum e-commerce complaints filed against bookmyoffer.com, e-bay, Snapdeal and Amazon till 2016

Among leading e-tailers, the maximum complaints were received against e-bay (135), Snapdeal (120) and Amazon (114); Flipkart's arm Myntra had just two complaints filed against it.

Feb 8, 2017