Business news

Infosys Q2 net profit rises 6% YoY; revenue guidance slashed again

Revenue guidance now stands at 8-9 percent from 10.5-12 percent earlier, according to Infosys.

Oct 14, 2016

Oil prices edge up on tighter US fuel market

Traders said the U.S. price rise was due to a tightening fuel market.

Oct 14, 2016

Morning brief: Maldives pulls out of Commonwealth, US urges Pak to shut down terror camps, One plus e-store and more

Also read about Salman Khan releasing trailer of XXX: The Return of Xander Cage in the opening episode of Bigg Boss 10.

Oct 14, 2016

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Sensex, Nifty may spurt on retail inflation data, TCS Q2 results; Infosys results will be in focus

September retail inflation fell to a 13-month low of 4.31 per cent, while TCS posted decent growth in net profit, revenues for Q2.

Oct 13, 2016

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TCS reports 8.4% rise in Q2 net profit; revenues up 7.8% in 'unusual' quarter

In dollar terms, the company's revenues stood at $4,374 million and net profit at $986 million.

Oct 13, 2016

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Sensex, Nifty crash after US Fed hints at interest rate hike

The BSE Sensex slumps 440 points while the NSE Nifty loses 135 points.

Oct 13, 2016

Snapchat hires Morgan Stanley, Goldman to manage IPO

JP Morgan Chase & Co, Deutsche Bank AG, Barclays Plc and Credit Suisse Group will also be involved as joint book runners.

Oct 13, 2016

Samsung's Galaxy Note 7 recall is a bigger threat to its credit profile: Fitch Ratings

The financial impact on Samsung over the recall of Galaxy Note 7 and stoppage of its production will be relatively lower, says Fitch.

Oct 13, 2016

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Marmitegate: Tesco in dispute with Unilever over price hike

Marmitegate is trending as the spread could run out in Tesco. The store has reportedly refused to raise its prices by 10% amid a row with Unilever about who will bear the brunt of the post-Brexit sterling crash.

Oct 13, 2016

Toshiba faces new lawsuit over accounting scandal

The foreign investors are seeking over 16.7 billion yen (about $162.29 million) in damages.

Oct 13, 2016

Oil prices fall on higher OPEC output, rise in US crude stocks

Traders said oil markets had come under pressure after OPEC reported a rise in production.

Oct 13, 2016

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Theresa May: Brexit talks will include the maximum possible access to the European market

Theresa May told Parliament at Prime Minsters Questions that Britain will try for a deal with the European Union that will include the maximum possible access to the single market. Maintaining the governments message of optimism and prosperity, May also went on to say that she was optimistic about the UKs prospects after Brexit.

Oct 12, 2016

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US: Ronald McDonald to refrain from public appearances in the wake of creepy clown sightings

McDonalds Corporation says its long-time mascot, Ronald McDonald, will temporarily refrain from making public appearances due to what the companys statement describes as the current climate around clown sightings.

Oct 12, 2016