Business news

Oil up 7% as Iran welcomes output freeze without word on cuts

Tehran has been the main obstacle to the first joint OPEC and non-OPEC deal in 15 years.

Feb 18, 2016

Amazon expanding deliveries by its 'on-demand' drivers

If the gambit works, analysts said it could help Amazon contain its shipping costs, which grew more than $11.5 billion in 2015.

Feb 18, 2016

Yahoo to cut more than 300 jobs: San Francisco Chronicle

The layoffs reportedly affect people in Yahoo's media division, as well as employees in other roles such as engineering or research.

Feb 18, 2016

Jessica Alba's firm faces lawsuit over fraudulent labelling

The lawsuit alleges Honest Company misled consumers by claiming its products to be "natural" and "chemical-free."

Feb 17, 2016

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Zika virus: FDA recommends ban on blood collections from affected areas

The US Food and Drug Administration (FDA) has recommended that blood no longer be collected from regions where the Zika virus is circulating, and that blood needed for transfusions be obtained from areas of the United States without active transmission. The agency said blood banks can continue collecting and preparing platelets and plasma if an FDA-approved pathogen-reduction technology is used. Current pathogen-reduction technology is not approved to treat whole red blood.

Feb 17, 2016

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The Healing Power of Healthcare Tech: Fitbit, Shire and GlaxoSmithKline

How to invest in the rise of health care tech.

Feb 17, 2016

Govt looking to set up separate bank to deal with PSU banks' NPAs

However, some bankers believe that having such bank may make the actual lenders negligent on the issue.

Feb 17, 2016

GrabOn to double its gross merchandise value to Rs 1,200 crore in FY2016

The online coupons start-up plans to achieve this by foraying into the offline space and expanding tie-ups.

Feb 17, 2016

HCL Tech mulling US listing this year: Report

A Bloomberg report said that HCL may look to raise nearly $1 billion from the offer.

Feb 17, 2016

Rupee tumbles to two-and-a-half-year low

The rupee touched a low of 68.62 versus dollar in the early trading session on Wednesday.

Feb 17, 2016

PSU banks at risk of rating downgrades: S&P

State-owned lenders may struggle to raise capital due to higher provisioning for bad loans, global rating agency Standard & Poor's said.

Feb 17, 2016

Japan December machinery orders rise in positive sign for capex

Companies expect orders to rise 8.6 percent in January-March.

Feb 17, 2016

US crude rebounds on investor optimism over oil producers deal

Top oil producers Russia and Saudi Arabia on Tuesday agreed to limit oil production at January levels.

Feb 17, 2016

Govt may raise FDI limit in state-owned banks to 49%: Report

The announcement to increase the FDI limit in public sector banks could be made in Budget, PTI reported.

Feb 16, 2016

HCL Tech acquires Volvo's external IT business

HCL is expected to increase its revenues by $1.8 billion over the next five years from the transaction, ET reported.

Feb 16, 2016

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