Business news

JSW Steel reports net loss of Rs 923 crore

The company recorded a turnover of Rs 9,562 crore and net sales of Rs 8,621 crore.

Jan 30, 2016

Xerox to split into two companies, Icahn to get board seats on one

The document technology company, which will make printers and copiers, will have annual revenue of $11 billion.

Jan 30, 2016

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ALS: Shockingly successful Copper-ATSM mice trials show first signs of prolonging life

Study could have discovered first motor neurone diseases treatment that can prolong lives for more than weeks.

Jan 29, 2016

India's foreign exchange reserves reverse 3-week fall, up $355 million

The reserves stood at $347.56 billion as on 22 January.

Jan 29, 2016

Import tariff on gold raised by $8 to $362 per 10 gm

The tariff was reduced by $14 to $443 per kg, according to finance ministry statement released on Friday.

Jan 29, 2016

Stock markets rebound, Sensex gains 400 points; rupee recovers from Thursday's low

Global positive cues and a strengthening rupee led to a 400-point rally on the BSE.

Jan 29, 2016

Bharti Airtel, Vodafone, Idea Cellular may 'skip' 700MHz spectrum auction: Fitch Ratings

The reserve price for the 700 MHz band spectrum is expensive, according to analysts and companies.

Jan 29, 2016

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Three Wipro call centre employees arrested for 'security breach'

The call centre was run by Wipro for British telecom service provider TalkTalk.

Jan 29, 2016

Vedanta profit plunges 99% on slump in commodity prices

Vedanta said that it expects to improve its financials by the end of this fiscal year through cost-cutting measures.

Jan 29, 2016

Foodpanda struggles to find buyers despite low price tag: Report

Berlin-based Rocket Internet has been looking to sell its e-commerce firms Foodpanda, FabFurnish and PrintVenue amid intensifying competition in the sector.

Jan 29, 2016

Amazon shares plunge as record profit still misses estimates

Amazon.com Inc posted its most profitable quarter but the retailer missed estimates, sending shares down by 13%.

Jan 29, 2016

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Barbie: The Doll Evolves as Mattel launches figure with different skin tones and body types

Mattels iconic doll was slowly losing its appeal to girls and parents.

Jan 28, 2016

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Zika virus: The mosquito-borne disease explained in 90 seconds

As fears grow over the ZIka virus, IBTimes UK explains what you need to know about the infection.

Jan 28, 2016

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Thailand braced for major spike in Dengue cases

After a year which saw an explosion of Dengue fever infections, Thailand is bracing itself for an even worse 2016 with experts warning the number of infections may be on par with the 1987 mega-outbreak. Thailand recorded some 140,000 cases of infection last year, with 126 deaths, the highest number since the 170,000 cases of the 1987 crisis.

Jan 28, 2016

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Sovereign Gold Bond scheme gets boost in second tranche

The government received applications for 2,790 kg of gold valued at Rs 726 crore against 917 kg of worth of gold bonds in last November.

Jan 28, 2016

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