Business news

AirAsia has had $1 billion takeover offer for leasing unit: Report

Chinese companies are seeking to grow aggressively in the leasing industry that provides about 40 percent of the planes used by airlines globally.

May 30, 2016

Telcos using new technology to artificially connect calls, mask call drops

Telecom operators are using a radio-link technology to show a call as connected even as the network connection is lost.

May 29, 2016

Sun Pharma gets U.S. subpoena over generic drugs pricing

The U.S. Department of Justice has summoned India's largest drugmaker for information over pricing and marketing of generic drugs.

May 29, 2016

IITs consider 'safety net' for students in the wake of startups like Flipkart going back on job offers at IIM-A

The move also comes due to some startups slashing the salary package promised to the IIT recruits, reported the Times of India.

May 28, 2016

Opec meeting, Janet Yellen's comment on interest rate hike to influence Sensex, Nifty

Opec meeting and reaction to Janet Yellen's comment that interest rate hike is "probably appropriate" are key factors for Sensex,Nifty next week.

May 28, 2016

Verizon and unions reach tentative deal to end strike

Workers in the company's Fios Internet, telephone and television services walked off the job after contract talks hit an impasse.

May 28, 2016

Tata launches its e-commerce website CLiQ

The new e-commerce site will have links to Tata's retail ventures for a "smart combination of in-store experience and online shopping."

May 27, 2016

World's top 10 banks in Forbes' list of largest companies [Photos]

Despite China's economic slowdown, the top three spots in the list of world's largest companies have been taken by Chinese banks.

May 27, 2016

Patanjali slips drastically on list of top 10 brands

Baba Ramdev-promoted Patanjali Ayurved fell to sixth position in the third week of May after staying at the top for 4 weeks in February.

May 27, 2016

Flipkart valuation falls on markdown of share price by mutual fund trusts

The online seller's CEO said trusts as small investors with unclear markup values; wants people to wait till fresh round of funding.

May 27, 2016

State Bank of India q4 net profit loans advances npas rbi aqr

State Bank of India Q4 net profit plunges 66% on spike in bad loan provisioning

The 143 percent spike in provisioning for bad loans pulled State Bank of India's March quarter net profit to Rs. 1,264 crore.

May 27, 2016

IIM-A reaches out to Paytm after graduates left stranded by Flipkart

Firms such as Amazon, ShopClues have also expressed willingness to consider the resumes of students affected by Flipkart's decision.

May 27, 2016

Antibiotics, abortion pills and gastritis medicines become cheaper in India

The drug price regulator has cut the prices of 108 essential medicines over the last one month.

May 27, 2016

Asia stocks edge up after US data, dollar consolidates month's gains

Japan's Nikkei nudged up 0.4 percent, buoyed by prospects of Tokyo delaying a sales tax hike.

May 27, 2016

jet airways q4 annual results indian aviation dgca jet net profit sales atf

Jet Airways FY16 net profit soars on higher passenger volumes, low ATF prices

Net profit was Rs. 1,211.65 crore for FY2016, marking the first full year of profit after eight years for Jet Airways.

May 26, 2016

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