Business news

African carrier Ethiopian Airlines plans expansion in India

The African carrier plans to expand its India operations by adding more flights and upgrading aircraft.

May 16, 2016

Japan leads Asia to modest gains; dollar steady

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent.

May 16, 2016

Norway's wealth fund to sue Volkswagen over emissions scandal

The legal action would take place in Germany, the company told Reuters.

May 16, 2016

Oil prices rise on Nigeria, Venezuela disruptions

Analysts said that falling supplies from producers such as Nigeria, the Americas and China had pushed up prices.

May 16, 2016

Steel Imports MIP Steel imports from China

SAIL to shell out Rs. 6,000 crore as capital expenditure this fiscal

The amount will be spent on modernisation and expansion plans, as well as towards research and development.

May 15, 2016

Banks seize Mallya's Kingfisher Villa in Goa

The seizure that followed much legal wrangling would lead to the valuation of the premises soon, followed by an auction.

May 14, 2016

Mumbai-based Piramal Enterprises to acquire four Pfizer brands for Rs. 110 crore

Piramal Enterprises said the deal will strengthen its Over the Counter products portfolio.

May 14, 2016

Warren Buffett, Quicken Loans founder in Yahoo bid: Sources

The interest of Buffett and Gilbert is a boost for the Sunnyvale, California-based company.

May 14, 2016

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Gold imports plunged 60% in April, gems and jewellery exports up 17%

Gold imports dropped to $1.2 billion last month from $3.1 billion last April, while gems and jewellery exports rose to $3.4 billion.

May 13, 2016

India's first IPR Policy approved by the cabinet

The policy highlights the criticality that IPRs have attained globally, and attempts to push the trend in India's innovation landscape.

May 13, 2016

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Gold prices rally in India to cross Rs.30,000, Sensex slumps 300 points

Gold breached the Rs. 30,000-mark for the second time this week, keeping away consumers, according to trade experts.

May 13, 2016

Ministries favour scrapping of 5/20 civil aviation rule

If the 5/20 rule is scrapped, new airlines such as Vistara, AirAsia India and Go Air stand to benefit, reports the Economic Times.

May 13, 2016

Sensex, Nifty fall on global cues, weak inflation data

Sensex and Nifty were in the red on Friday tracking weak inflation, factory output figures and fall in Asian equities.

May 13, 2016

Two pharma firms challenge govt's decision on drug price revision in Delhi High Court

Since March, the National Pharmaceutical Pricing Authority has brought more than 800 essential drugs under price control.

May 13, 2016

SWIFT says second bank hit by malware attack

It was not immediately clear how much money, if any, was stolen in the second attack.

May 13, 2016

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