Business news

Bharti Airtel Q3 net profit falls 22% to Rs 1,117 crore

The decline was due to exceptional loss and a spike in finance costs.

Jan 28, 2016

Bharti Airtel, Idea fall on Trai spectrum recommendation

Analysts believe that the Trai's attempt to auction 700 Mhz spectrum at Rs 11,485 crore per Mhz may not find enough takers.

Jan 28, 2016

Bookmyshow aims to augment bookings by 50% in 2016

The company plans to add 200 single-screen theatres from smaller towns.

Jan 27, 2016

Now, Ratan Tata invests in speciality tea start-up Teabox

The investment, an undisclosed sum, is Ratan Tata's fifth in a start-up this year.

Jan 27, 2016

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Galliford Try is our share tip of the week â€“ five reasons to invest

Edmund Shing explains why you should be looking to invest in construction company Galliford Try.

Jan 27, 2016

Start-ups' pain is smaller firms' gain

Senior-level exits and layoffs at technology startups are being seen an easy access to top-level talent by younger firms .

Jan 27, 2016

Market rout hits recently-listed IPOs badly

Stock prices of the eight out of 21 recently-listed companies have declined anywhere between 1.76% and 35.28%.

Jan 27, 2016

NBCC bags Rs 2,149 crore order to redevelop Pragati Maidan; stock gains 4%

The public sector company had secured orders valued at Rs 8,523 crore in December last year.

Jan 27, 2016

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Apple support still strong in China despite revenue drop

Apple forecast its first revenue drop in 13 years on 27 January and reported the slowest-ever increase in iPhone shipments as the critical Chinese market showed signs of cooling down. Despite this, the company reported revenue of $18.37bn (Â£12.83, â‚¬16.91) from Greater China, accounting for 24.2% of total revenue. Revenue from the region nearly doubled in the fourth quarter. Avneesh Saxena, Vice President of DCI Asia/Pacific, said Apple had performed well in the current economic state, but that the company will have to continue to be innovative if they want to keep their edge.

Jan 27, 2016

Sony acquires Israel-based Altair Semiconductor in an effort to boost IoT. The deal is valued at $212 million and expected to close in February 2016.

Sony to buy Israel-based Altair Semiconductor for $212 million

The deal, which will be closed by early February, is part of Sony's efforts to boost its Internet of Things (IoT) game.

Jan 27, 2016

World Bank cuts 2016 oil estimate by $14 to $37 a barrel

World Bank expects the oil prices to fall by another 27% this year.

Jan 27, 2016

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Brazil: Zika virus could be linked to 4,000 microcephaly cases

The mosquito-borne Zika virus could be linked to 4,000 suspected cases of microcephaly in Brazil including 49 deaths, the World Health Organization (WHO) said on 26 January. Brazil has reported 3,893 suspected cases of microcephaly, the WHO said on 22 January, over 30 times more than in any year since 2010 and equivalent to 1-2 percent of all new-borns in the state of Pernambuco, one of the worst-hit areas.

Jan 26, 2016