Business news

Oil at 2016 high above $40 per barrel after producer price support talk

Oil has rallied more than 50 percent since hitting 12-year lows less than two months ago.

Mar 8, 2016

Softbank plans for current year include splitting domestic and overseas operations

Softbank to split domestic and global operations by December 2016

Softbank's strategic move is at positioning its two core businesses as future growth drivers.

Mar 7, 2016

Women's Day: ICICI Bank offers work-from-home option for women employees

The bank also said it will take care of travel and stay expenses of children and caregivers of women managers.

Mar 7, 2016

Air India will operate 20 all-women domestic flights on March 8

The airline celebrates International women's day every year by deploying only women on certain sectors.

Mar 7, 2016

AirAsia slashes fares on select routes

AirAsia has announced promotional fares between select destinations on both domestic and international routes.

Mar 7, 2016

Suzuki to raise $1.8 billion for India expansion: Report

The Japanese company will be investing the amount in its wholly-owned subsidiary to make cars at its Gujarat facility in India.

Mar 7, 2016

Pharma crusader Dinesh Thakur takes India's drug regulators to court

Thakur has accused the drug regulators of failing to enforce rules on drug safety in the $15 billion industry.

Mar 7, 2016

French firm could create 4,000 jobs under Make in India: Report

An upcoming Ocean Thermal Energy Conversion project could have local Indian content of more than 60 percent of order values.

Mar 7, 2016

Wells Fargo searching for rainmaker in bid to boost dealmaking franchise

Wells is looking for a senior deal maker who can help the bank win roles on high-profile transactions.

Mar 7, 2016

A worker installs advertising flags of British telecommunications company Vodafone outside an event

Govt. cannot forgo tax liabilities on Cairn, Vodafone: Revenue secretary

Revenue Secretary Hansmukh Adhia said the government has done enough in offering to waive off the interest and penalty.

Mar 6, 2016

Cement majors seek change in MMDR Act to allow M&As

The present MMDR Act does not automatically transfer the limesotne mining rights to the new owner if the acquisition is partial.

Mar 6, 2016

Egypt providing Indian firms duty-free access to overseas markets: Report

The bilateral trade between India and Egypt stands at approximately $5 billion every year.

Mar 6, 2016

Govt to launch third tranche of gold bond scheme on March 8

In the second tranche, it had received 3.16 lakh applications for 2,790 kg of gold valued at about Rs 726 crore.

Mar 5, 2016

Air India Express to post Rs 250 crore profit for this fiscal: Report

The airline has been able to maintain a passenger load factor of 83 percent, despite increased competition from domestic players.

Mar 5, 2016

Workers strike at ArcelorMittal Mexico plant over job cuts

More than 3,000 workers have gone on strike over job cuts and stopped operations at the plant in Lazaro Cardenas, Michoacan.

Mar 5, 2016

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