Business news

Bain sells shares in Hero MotoCorp to raise $116 million

Bain launched the deal to sell 2.98 million Hero shares on 25 November.

Nov 26, 2015

Sensex rebounds strongly on hopes of GST bill approval

Dr Reddys' Laboratories shares plunged over 8% to end at Rs 3,110 after a warning from the US drug regulator.

Nov 26, 2015

US: Class action lawsuit accuses big banks of swapping interest rates

The lawsuit said every year the banks extracted billions of dollars in monopoly rents from the class members.

Nov 26, 2015

Pimco, other investors sue Citigroup over billions in mortgage debt losses

The bank had allegedly failed to properly monitor toxic securitiesresulting in $2.3 billion losses.

Nov 26, 2015

Indian companies likely to give 10.6% salary hike in 2016, says Towers Watson

However, a spike in inflation will eat into a significant part of the salary hike, the firm says.

Nov 26, 2015

GlaxoSmithKline refurbishing its image to boost China sales after bribery scandal

China's drug market is the world's second largest but growth is slowing.

Nov 26, 2015

Gold prices could come down in India, minister Nirmala Sitharaman willing

She has apparently suggested lowering the duty from the current 10% to 2% to boost exports.

Nov 26, 2015

CITIC under the scanner for overstating financial derivatives by $166 billion

China's biggest brokerage says the current size of its swap business is no larger than 40 billion yuan.

Nov 26, 2015

India among nations showing highest levels of corporate fraud, says survey

Both China and Russia showed much lower levels of corruption and bribery in corporate scenarios.

Nov 26, 2015

Telangana record: An acre of land sold for whopping Rs 29.28 crore

The companies, which purchased the land in the auction conducted by TSIIC, plan to build world-class corporate headquarters.

Nov 26, 2015

Brazil: BTG Pactual CEO, Senate leader arrested for blocking bribery investigation

Brazil's currency fell as much as 2% because of the scandal.

Nov 26, 2015

Sony sells more than 30 million PlayStation 4 during holiday season

The console helped Sony book its highest Q2 operating profit in 8 years.

Nov 26, 2015

Big brands use Periscope app to reach millennials in spite of glitches

BMW, Benefit Cosmetics, Royal Caribbean International have used Periscope to promote their product.

Nov 26, 2015

Mudra Bank, Start up India to shore up MSMEs

While loans to larger businesses have increased 4%, small business loans have decreased 20%.

Nov 25, 2015

OPEC to keep pumping oil despite fears of price falling to $20

Some member states see a return to twenty-dollar-oil, last seen at the turn of the millennium.

Nov 25, 2015

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