Business news

FTSE 100: Property and technology shares set to rise in 2016

Edmund Shing believes both technology and property stocks will continue to rise in 2016.

Dec 18, 2015

Micromax YU to lock horns with Paytm, FreeCharge; plans roll-out of Mobile Wallet

Micromax's YU Televentures Ltd will soon foray in to Mobile Wallet business, to compete with Paytm, FreeCharge in India.

Dec 18, 2015

Indian tech firm iYogi sued in US for 'unfair and deceptive' business practices

"Hundreds, perhaps thousands, of Washingtonians scammed up to $540 each," Washington State AG said.

Dec 18, 2015

Reliance Jio 4G may pose more risks to Vodafone than Bharti Airtel: CLSA

Vodafone holds limited 4G spectrum, which makes it more vulnerable to Reliance Jio 4G launch, CLSA said.

Dec 18, 2015

Lockheed to provide Indian Army with night vision sensor systems

India will be the 15th nation to acquire Lockheed's modernised target acquisition night vision sensor system.

Dec 18, 2015

Air Costa gets license for pan-India flights

Air Costa currently holds a market share of 1% in domestic traffic.

Dec 18, 2015

Doubling of H-1B visa fee by US to cost Indian IT companies $400 million

Prime Minister Narendra Modi has already spoken about the issue with US President Barack Obama.

Dec 18, 2015

Gold retains loss since US rates hiked by Federal Reserve

The metal suffered the biggest slide in five months after the hike in US rates by the Federal Reserve.

Dec 18, 2015

Japan's TDK corp to acquire Swiss Micronas Semiconductor in $215 million deal

TDK said it would offer 7.5 francs for each of the Swiss company's shares.

Dec 18, 2015

Micromax to manufacture all handsets in India by 2018 as costs rise in China

Micromax will invest Rs 3 billion ($45 million) towards setting up new manufacturing plants in India.

Dec 17, 2015

China Southern Airlines to buy aircraft worth $10 billion from Boeing

The carrier's chairrman was investigated for "severe violations of discipline."

Dec 17, 2015

We're killing the porn site ad campaign: Zomato CEO Deepinder Goyal

"Some folks got offended by the campaign, felt the campaign was in poor taste," he wrote on Zomato blog.

Dec 17, 2015

Jet Airways' CEO Cramer Ball quits due to 'family reasons'

Ball was appointed CEO of the airline at the request of its partner Etihad Airways

Dec 17, 2015

Indian-origin entrepreneur Ramesh Awtaney's iSON Technologies buys Dubai government's tech arm

iSON Technologies will be acquiring GTS along with the iSON Group's co-investor, Dhabi One Investment Services.

Dec 17, 2015

What analysts say about future US Fed rate hike path

Shrugging off the possible negative impact, most of the global markets rallied after the US Fed rate hike.

Dec 17, 2015

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