Business news

Ratan Tata invests in baby care products retailer FirstCry

It marks his fourth investment in Indian start-ups this year.

Jan 21, 2016

RBI asks banks to stop circulating faulty Rs 1,000 notes

According to an RBI spokesperson, the total number of faulty notes is not more than 500.

Jan 21, 2016

IDFC Bank in talks to buy RBS' corporate banking business for Rs 3,000 crore: Report

Currently, the bank has assets worth Rs 10,500 crore in 10 branches and savings deposits of Rs 2,000 crore.

Jan 21, 2016

Paytm in talks with ICICI Group for payments bank services: Report

Paytm is also in talks with SBI Mutual Fund and IIFL for its banking services.

Jan 21, 2016

Barclays to close Asia cash equities; exit South Korea, Taiwan: Sources

The London-based lender will close its equity research, sales and trading and convertible bond trading businesses in Asia.

Jan 21, 2016

Stock markets give up early gains; Tata Motors, Maruti Suzuki, ONGC pull Sensex, Nifty down

The Sensex and Nifty were in the red at around 12.30 pm, after having risen in the morning.

Jan 21, 2016

Gold, silver prices up on safe-haven demand

Gold prices hit an over two-month high of Rs 26,690 per 10 grams as jittery investors rushed to buy the yellow metal following sharp sell-off in global markets.

Jan 20, 2016

Indian smartphone market to see 37% growth in 2016

This growth in smartphones is likely to be fuelled by 4G expansion and its reach to smaller cities.

Jan 20, 2016

Smaller companies surpassed their larger counterparts in CSR spend last fiscal: Crisil

Over 90% of the companies had opted to spend on CSR despite a 50% tax break on donations to the Prime Minister's Relief Fund.

Jan 20, 2016

NestlÃ© loses bid to trademark four-finger shape of KitKat; Cadbury free to make rival chocolate bar

NestlÃ© had appealed against the European court of justice ruling that the KitKat shape was "not distinctive".

Jan 20, 2016

Cognizant's new business in 2015 likely to exceed combined incremental revenues of Infosys, TCS, Wipro

The gap between Cognizant and India IT firms in acquiring new business is expected to widen going forward.

Jan 20, 2016

Top Swiss companies to invest in Andhra Pradesh

Zurich-based Flisom proposed an initial investment of $200 million, while Gherzi offered to set up a Rs 2,000-crore textile park.

Jan 20, 2016

Sensex tumbles 400 points on falling oil prices

Reliance Industries' strong results for the December quarter failed to lift its stocks.

Jan 20, 2016

Global unemployment rate to slip lower next year, ILO says

The ILO also said the total number of unemployed people will top 200 million for the first time in 2017.

Jan 20, 2016

Play

Mark Carney: Now is not yet the time to raise interest rates

Bank of England Governor Mark Carney said on 19 January that he did not have a set timetable for raising British interest rates and wanted to see faster growth and stronger underlying inflation first. Carney said global and domestic growth had proved weaker than he had expected in the middle of the year, when he predicted that a decision on when to raise interest rates would have come into sharper relief by early 2016.

Jan 19, 2016

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