Business news

Micromax plans to sell phones in China, raise cash

In two years, the company may list its shares on the India bourses or invite a strategic partner to pick stake in it.

Jun 4, 2016

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Who are rags-to-riches brothers Bhikhu and Vijay Patel who fleeced UK NHS?

The entrepreneurs exploited a loophole in UK's NHS drug pricing caps, hiked the cost of generic drugs after dropping the brand name.

Jun 4, 2016

SoftBank adds to Alibaba sale, bringing total to $10 billion

SoftBank, Alibaba's top shareholder, on Wednesday said it would sell at least $7.9 billion of shares in Alibaba.

Jun 4, 2016

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Meet the flying hospital fighting to save the broken hearts of Tanzanias poor children

IBTimes UK visits a medical team treating children with congenital heart defects in Dar es Salaam, Tanzania.

Jun 3, 2016

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David Miliband defends Prime Ministers performance in EU referendum debate

Former Labour foreign secretary makes another intervention in the EU referendum campaign.

Jun 3, 2016

PE firm Providence sells 3.47% stake in Idea Cellular for Rs. 1,400 crore

The share sale is at a 6 percent discount to Thursday's closing price of Rs.118.5 per share.

Jun 3, 2016

RBI calls for preventive action in banks against cyber threats

The RBI's new frameworks mandate banks to form cyber security policies to assess, monitor, control and prevent vulnerabilities.

Jun 3, 2016

TRAI seeks power to penalise errant telcos

The telecom regulator warned telecom operators for their continuing poor performances and asked to further decrease drop rates.

Jun 2, 2016

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Jet Airways announces special low fares after SpiceJet, Air India, AirAsia India

Jet Airways, SpiceJet, Air India and AirAsia India are wooing passengers with low fares to beat lean season.

Jun 2, 2016

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Coal India output, offtake rise in May; stock rallies 4% on BSE

The world's largest miner released offtake and production figures for May on Thursday.

Jun 2, 2016

Uber raises $3.5 billion from Saudi Arabia's Public Investment Fund

The new round of fundraising puts Uber's valuation at $62.5 billion.

Jun 2, 2016

Airports Authority of India revenues cross Rs. 10,000 crore for the first time

The record growth in revenues could be due to low fuel prices, which has resulted in an increase in the number of passengers.

Jun 2, 2016

Lending by state-run banks falls to 12-year low

Public sector banks' share of credit fell by nearly 4 percent during 2015-16, while private banks saw their market share grow for the same period.

Jun 1, 2016

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Gold, silver prices fell more than 4% in May while Sensex gained

The fall in gold prices was attributed to weak demand and rising fears of an interest rate hike by the US Federal Reserve.

Jun 1, 2016

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UK house builders: Are Berkeley Group, Bellway and Persimmon a value buy or value trap?

A buy-to-let slowdown and EU referendum fears have put some investors off house builders in Britain.

Jun 1, 2016

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