Business news

Indian stock markets end trading with modest losses; TCS in race to acquire Dell's Perot Systems

The S&P BSE Sensex lost 43 points while the Nifty closed 7 points down at 7,784.

Jan 5, 2016

Mary Barra elected as chairman of GM Board of Directors

Barra has been serving as CEO of the company since 15 January, 2014.

Jan 5, 2016

Crude oil prices may fall to $30 a barrel in 2016: UBS

A fall in US oil production is expected to help the oil market to rebalance, says UBS.

Jan 5, 2016

Grofers closes operations in nine cities due to poor take off

Currently, Grofers operates in Mumbai, Delhi-NCR, Bengaluru, Pune and a few other cities

Jan 5, 2016

EMC plans layoffs to trim costs by $850 million

The layoffs are planned "to keep pace" with changing landscape of the industry, EMC said in filing.

Jan 5, 2016

TCS still intent on buying Perot Systems: Reports

Dell had bought Perot Systems, which provides IT consulting to hospitals and government agencies, in 2009.

Jan 5, 2016

L&T Infotech gets regulator's nod to issue Rs 2,000 crore IPO

The company will issue 1,75,00,000 equity shares with face value of Re 1 each through the offer.

Jan 5, 2016

Goldman Sachs invests $66 million for minority stake in Indian hotel firm Samhi

A gradual recovery in Asia's third-largest economy is boosting demand for hotel rooms.

Jan 5, 2016

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China halts stock trading after 7% slump activates circuit breaker

Chinese stock trading was halted on the first day of trading in 2016 after the CSI 300 Index plunged more than 7 percent.

Jan 4, 2016

Wipro shuffles leadership, elevates Abidali Neemuchwala and TK Kurien

Group president and COO Abidali Z Neemuchwala is the new CEO and TK Kurien has been elevated to the position of executive vice-chairman.

Jan 4, 2016

SC ban on diesel cars: Mercedez, Toyota, Mahindra's plea seeking changes to be heard on 5 January

The 16 December order banned sale and registration of diesel cars with engine capacity of 2000 cc or above in Delhi.

Jan 4, 2016

Renault India registers 160% growth in December car sales

In CY 2015, it sold 53,847 cars, 20% more than CY 2014 sales of 44,849 units.

Jan 4, 2016

Trading halted on Shanghai and Shenzhen stock markets following 7% crash

The "circuit breaker" system leads to termination if the Hushen 300 Index falls by more than 7%.

Jan 4, 2016

Sensex, Nifty end with huge losses following Chinese stock market crash

IRB Infra gained about 4.8% on news that the company has won a Rs 10,000 crore National Highway project.

Jan 4, 2016

IndiGo to run flights to Doha this year

However, the exact date of launch is yet to be finalised by the airline.

Jan 2, 2016

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