Business news

IMF reaches staff level agreement for $1.5 billion, three-year Sri Lanka loan

IMF Mission Chief said the formal approval of the EFF was "expected to catalyze an additional $650 million in other multilateral and bilateral loans.

Apr 29, 2016

Oil prices dip on looming OPEC production rise

U.S. West Texas Intermediate (WTI) crude futures were down 19 cents at 45.46 a barrel.

Apr 29, 2016

Comcast acquires DreamWorks Animation for $3.8 billion

With this acquisition, Comcast will emerge as a rival to Walt Disney in the money-making business of family entertainment.

Apr 28, 2016

TTK Prestige enters home cleaning segment

The market size is about Rs. 2,500 crore and it is growing in the range of 15 to 20 percent year-on-year, the company said on Thursday.

Apr 28, 2016

IndiGo to add 14 new flights from May

IndiGo, the largest Indian airline by market share, made the announcement days after low-cost carrier SpiceJet launched new flights.

Apr 28, 2016

Play

3 reasons why BHS, Austin Reed and other UK retailers are struggling

There are a number of factors behind the demise of UK retailers such as BHS and Austin Reed.

Apr 28, 2016

Government seeking Vijay Mallya's deportation

The Enforcement Directorate will request the Interpol's National Central Bureau to issue a red corner notice against Mallya.

Apr 28, 2016

Chinese fund to invest Rs. 2,000 crore in India's highway construction

Hong Kong-based Silver Spring Capital will soon invest in Hyderabad-based infrastructure developer Transstroy India Limited.

Apr 28, 2016

Airbus net profit falls 23% in March quarter

Revenues for the quarter rose 1 percent to â‚¬12.183 million (about $13.48 billion), Reuters reported.

Apr 28, 2016

P&G shifting away from 'unprofitable' businesses in India

P&G, which released its quarterly results in the U.S. on Wednesday, said it seeks to improve its domestic performance.

Apr 28, 2016

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

Global smartphone shipments witness flat growth in Q1 2016: IDC

Top brands such as Samsung and Apple registered negative growth in smartphone shipments in the first quarter of 2016.

Apr 28, 2016

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Bharti Airtel Q4 beats estimates as more customers pay for mobile internet

Consolidated net profit rose to 12.90 billion rupees ($194.23 million) in the quarter ended March 31.

Apr 28, 2016

US keeps India on intellectual property priority watch list for third year in a row

The watch list by the U.S. Trade Representative's Office shames governments across the world for insufficient copyright laws.

Apr 27, 2016

Sensex, Nifty gain despite Asian markets ending with losses

Sensex and Nifty rallied on crude oil prices hitting 2016 highs. Asian stocks closed lower ahead of policy decisions by the US Fed and Bank of Japan.

Apr 27, 2016

LG Display Q1 net profit down almost 100 percent YoY, seen as a sign of challenging market conditions

LG Display's quarterly earnings this year are the lowest in the last four years.

Apr 27, 2016

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