Business news

Pay hikes a risk factor for India's fiscal consolidation, warns Fitch Ratings

The pay hike could challenge the government's goal of achieving a fiscal deficit of 3.5% by March 2017.

Nov 20, 2015

Drop in public, private investments holding economy back: Raghuram Rajan

The RBI has cut its growth forecast for the current fiscal year to 7.4% from 7.6% previously.

Nov 20, 2015

Google acquires Diane Greene's Bebop, makes her head of cloud business

Diane Greene is the founder and former CEO of VMWare and also on Google's Board of Directors.

Nov 20, 2015

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Genetically modified salmon approved for human consumption by FDA

A battle over whether the US government should require special labels for genetically modified foods is set to heat up after a type of salmon on Thursday (19 November) became the first biotech animal approved for human consumption.

Nov 20, 2015

US: Volkswagen under pressure to buy back, fix cars after emissions scandal

California has set a 20 November deadline for VW to come up with a plan to fix the diesel cars affected by rigged emissions tests.

Nov 20, 2015

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60 second startup guide: How to rank high on Google

SEO expert Max Holloway explains how new companies can climb further up Googles sacred rankings.

Nov 20, 2015

China SUV boom fades, carmakers stare at falling prices, sales

SUV prices dropped 3.4% in the first nine months of this year.

Nov 20, 2015

US authorities probing Bosch over its role in Volkswagen emission scam

The probe is at an early stage and there is no indication that US prosecutors have found evidence of wrongdoing.

Nov 20, 2015

Mobile app Telegram races to shut down ISIS channels, new channels spring up

The Islamic State group used Telegram to claim responsibility for the Paris attacks.

Nov 20, 2015

Chinese yuan may enter IMF special basket with lower weightage

Last set in 2010, the basket is currently 41.9% dollar, 37.4% euro, 11.3% sterling and 9.4% yen.

Nov 20, 2015

Jack Dorsey's Square spurts in market debut, gains 45%

The shares jumped to $14.78 in early trading on Thursday, and closed at $13.07, booking a 45% gain.

Nov 20, 2015

Kremlin dismisses Jean-Claude Juncker's proposal for closer trade ties between EU, Russia

The Kremlin reacted coolly, saying it had received the letter, but that what Juncker was proposing was unrealistic.

Nov 20, 2015

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Worst Toys 2015: Dinosaur claws and fold-up trampoline top watchdogâ€™s list

A set of dinosaur claws, a quick-folding trampoline for 6-year olds, and a slingshot-like device that can launch projectiles 100ft are on the short list of the most dangerous childrens toys this holiday season, a consumer toy watchdog said on Wednesday (18 November).

Nov 19, 2015

Government claims pulses prices easing, markets and consumers disagree

But the ordinary citizen's daily source of protein continues to remain dear.

Nov 19, 2015

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Volkswagen: 120,000 US diesel car owners will get $500 gift cards and repairs

Volkswagen of America said on Wednesday (18 November) that 120,000 owners of diesel cars, or about one quarter of the 482,000 total cars that have violated US emission standards, have claimed the $500 (Â£327) gift card and $500 toward vehicle repairs.

Nov 19, 2015

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