Business news

Oil drops on surging dollar, rising US crude stocks, jump in Iran exports

Brent crude futures LCOc1 were down 87 cents, or 1.8 percent from their last settlement, trading at $48.06 per barrel.

May 19, 2016

Fed signals interest rate hike firmly on the table for June

The suggestion that a rate increase in June is firmly on the table suggests the Fed is closer to tightening monetary policy again.

May 19, 2016

Hong Kong launches fresh plan to fortify cyber security after SWIFT heist

The FBI, authorities in Dhaka and private forensic experts are investigating the February cyber heist in Bangladesh.

May 19, 2016

Hitachi Appliances, Inc. and Johnson Controls, Inc HITACHI HOME & LIFE SOLUTIONS (INDIA) LTD

Hitachi Home & Life Solutions share spurts 650% in two years

A fund manager from Sundaram MF said mid-cap stocks like Hitachi Home & Life Solutions have delivered good returns to investors.

May 18, 2016

5th Avenue-like Apple Stores coming to India

Apple to set up iOS app design and development accelerator in Bengaluru

Apple's Bengaluru facility is expected to provide guidance to developers on the company's proprietary programming language Swift.

May 18, 2016

Ratan Tata invests in US-based medical emergency startup

MUrgency is a mobile app company, which provides emergency services to patients.

May 18, 2016

Novartis splits drugs business into two, pharma chief to leave

David Epstein, the American head of Novartis Pharmaceuticals and a 27-year veteran with the group, will leave the company to "explore new challenges from the U.S.," Novartis said.

May 18, 2016

Japan brewer Asahi says it won't bid for SABMiller's East Europe assets

Instead Asahi will focus on raising sales of the Peroni, Grolsch and Meantime beer brands that it agreed to buy from SABMiller last month for $2.89 billion.

May 18, 2016

Apple CEO's likely agenda for multi-day India visit

The world's second-largest smartphone-maker remains under-penetrated in the world's second-largest market by volume.

May 17, 2016

Bombay Stock Exchange BSE indian stock markets equitas holdings small bank

Shares of SBI associate banks spurt on merger proposal; about 40,000 bank jobs at stake

SBBJ, SBT and SBM rose in the range of 4 to 13 percent on Tuesday over proposed merger with parent State Bank of India.

May 17, 2016

Biocon to develop oral insulin on its own after US drugmaker opts out of joint project

U.S.-based pharma company Bristol Myers Squibb (BMS) opted out of the deal in January.

May 17, 2016

SpiceJet offers domestic airfares at Rs. 511 and international airfares at Rs. 2,111

SpiceJet's sale price is applicable only for direct flight within the network across seven domestic routes and seven international destinations.

May 17, 2016

HSBC cuts 840 jobs in UK as part of its restructuring plan

Most of the staff affected were informed about the job cuts on Monday, sources were quoted as saying by Reuters.

May 17, 2016

Oil futures hold near six-month highs as supply concerns dominate

Crude futures have rallied for most of the past two weeks from a combination of Nigerian, Venezuelan and other outages.

May 17, 2016

Aramco awards Hasbah gas expansion contract to L&T and Emas AMC

Work on the expansion scheme includes building platforms and pipelines, with the field's supply feeding the Fadhili gas plant.

May 17, 2016

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