Business news

8K Miles betting big on cloud services, life sciences market; shares up 3x in a year

The company is optimistic about its growth prospects in the coming years as big companies have not yet fully switched to cloud platform.

Jan 12, 2016

Pharma major Shire takes over Baxalta in a $32 billion cash and stock deal

Shire CEO Flemming Ornskov hopes that the deal will drive the company's revenues to over $20 billion by 2020.

Jan 12, 2016

MoneyGram renews ICC sponsorship by 8 years but Lodha panel recommendation on ads could alter dynamics

The Lodha panel had recommended to away with advertisements aired at the end of over and confine them to tea, drinks and lunch breaks.

Jan 11, 2016

Reliance Industries bucks bearish trend to hit 18-month high

RIL gained by 6% in the past one week compared to a 3% decline in the benchmark indices.

Jan 11, 2016

Reliance Jio's AAE-I submarine cable system gets green ministry's approval

The Indian part of the 20,000-km cable will be built by Reliance Jio at a cost of about $6 million.

Jan 11, 2016

Binny Bansal to replace Sachin as Flipkart CEO in management rejig

However, Sachin Bansal will continue as the executive chairman of Flipkart.

Jan 11, 2016

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Nurses Bursaries: Protests across the UK as student nurses denounce attack against the NHS

Student nurses and midwives have protested across the UK over the governments decision to scrap their bursaries in favour of loans.

Jan 11, 2016

Amazon leases 30,000 sq ft space in Mumbai for headquarters: Report

Amazon's office in Bengaluru will continue as its back-end hub, the source said.

Jan 11, 2016

Birla Corp may acquire Reliance cement business in Rs 5,000-crore deal

Birla Corp is perhaps the only potential buyer engaged in advanced talks with Reliance Infra cement company.

Jan 11, 2016

Anil Ambani to invest Rs 5,000 crore to set up naval facility in Andhra Pradesh

The Reliance Group has already invested Rs 15,000 crore in the state across various sectors, including telecom and power.

Jan 11, 2016

Chennai floods, weak demand to weigh on IT earnings in Dec quarter

TCS and Wipro have already issued warnings over Chennai floods' impact on their Q3 earnings.

Jan 11, 2016

Asian share markets fall amid China confusion

Equity investors seemed less than reassured with the Shanghai Composite Index and the CSI300 index.

Jan 11, 2016

India Post can emerge as global e-commerce delivery platform: Ravi Shankar Prasad

India Post posted net revenue worth Rs 11,636 crore during 2014-15.

Jan 10, 2016

Andhra Pradesh govt exempts Foxconn from VAT payment for 10 years

The state government has also directed its officials to scout for land near the facility to construct colonies for the workers

Jan 9, 2016

Jewellers may protest revised PAN card rule on customer purchases

The Finance Ministry had reduced the purchase limit for quoting PAN to Rs 2 lakh per transaction from Rs 5 lakh.

Jan 9, 2016

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