Business news

Viacom says its board has not had access to Redstone

Many attempts by Viacom's board to meet with Sumner Redstone have been denied, Viacom said.

May 22, 2016

H&M says working to improve labour conditions in India, Cambodia factories

The study found workers stitching clothes for H&M in factories in Delhi and Phnom Penh faced forced overtime, low wages problems.

May 22, 2016

Bayer's Monsanto takeover to be upwards of $63 billion: Bloomberg

Monsanto, the seed-selling firm, will fetch its investors $120 to $150 a share if the deal goes through.

May 21, 2016

Monsanto to bear the brunt of India's new rules on sale of GM cotton seeds

The U.S. headquartered company is the lone supplier of GM cotton seeds in India, reports Reuters

May 21, 2016

SWIFT tells banks to share information on hacks

Banks use secure SWIFT messages for issuing payment instructions to each other.

May 21, 2016

EU regulators to conditionally clear AB Inbev, SABMiller deal: Sources

The Belgium-based maker of Budweiser, Corona and Stella Artois is looking to boost its presence in Africa and Latin American countries to offset weaker markets such as the United States.

May 21, 2016

Nokia cuts over 1,000 jobs in Finland

Finland's biggest company has cut thousands of jobs in its home country over the past decade as its once-dominant phone business was eclipsed by the rise of smartphone rivals.

May 21, 2016

SEBI seeks more disclosure on investments through P-Notes

The market regulator's move is aimed at curbing the inflow of black money into the Indian capital markets.

May 20, 2016

IDBI Bank reports Rs. 1,736 crore loss for March quarter

A 159 percent spike in provisioning for bad loans led to the bank reporting a loss as against a net profit in the March 2015 quarter.

May 20, 2016

gold prices silver prices gold jewellery silver jewellery silver bars gold bars

Silver prices fall below Rs. 40,000 for the first time in one month, gold closes with minor losses

Silver prices closed at Rs. 39,950 per kg on Friday. Gold also has been weak over fears of interest rate hike.

May 20, 2016

SpiceJet shares nosedive despite posting record net profit for March quarter

Budget carrier SpiceJet net profit for March 2016 quarter skyrocketed to Rs. 73 crore from Rs. 22 crore, y-o-y.

May 20, 2016

Reliance Lyf makes it to top five smartphone brands in India: Counterpoint Research

Global smartphone sales grew 3.9% in Q1 2016; Oppo enters Top 5: Gartner

Oppo was the top performer in Q1 2016, as it saw 145 percent growth in sales as compared to the same period previous year.

May 20, 2016

HSBC to shut down 24 branches in India

The bank said it plans to consolidate to 26 branches in 14 cities across India.

May 20, 2016

EU aims to rule on Amazon's Luxembourg tax deal by July

The aid regulator may order the country's tax authorities to recover about 400 million euros ($448 million) in back taxes.

May 20, 2016

Sensex tumbles 305 points over fears of interest rate hike by US Fed

An increase in interest rate by the US Fed is generally expected to trigger flight of capital from emerging markets such as India.

May 19, 2016

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