Business news

Bharti Airtel shares slump on Project Leap announcement

Project Leap could lead to 40% increase in its annual capex run-rate, Credit Suisse said.

Dec 1, 2015

Quikr to acquire property listings portal Commonfloor for $200 mn

If the deal comes through, it will help Quikr build its real estate listing vertical into an industry leader.

Dec 1, 2015

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IMF approves Chinas yuan for benchmark currency basket

The International Monetary Fund (IMF) on Monday (30 November) admitted Chinas yuan into its benchmark currency basket in a win for Beijings campaign for recognition as a global economic power.

Dec 1, 2015

Morgan Stanley to cut up to 25% of its fixed-income jobs

Workforce reduction to be across all regions, set to take place in next two weeks.

Dec 1, 2015

Myntra does a U-turn, to relaunch its mobile site

Soon after it changed to app-only format, Myntra had noticed a sharp fall in sales.

Dec 1, 2015

More Russian oil drilling shows its resolve to OPEC

According to Eurasia Drilling Company (EDC), Russian drilling measured in metres rose 10% in the first 6 months of this year from a year ago.

Dec 1, 2015

SEBI issues regulatory norms for listing of stock exchanges

A listed stock exchange should maintain 51% of shareholding of public category.

Dec 1, 2015

Brazil: CSN retains 87.52% stake in joint venture with Asian partners

Asian partners will have a 12.48% stake.

Dec 1, 2015

Sensex closes flat in the absence of positive triggers

Initially, both the bellwether indices of the Indian equity markets opened on a positive note.

Dec 1, 2015

Isis bans Syrian banknotes, may be ready to issue its own currency

The move affects businessmen, store owners and employees who put all their savings into the high value notes.

Dec 1, 2015

Israel: Netanyahu orders suspension of EU contacts over labelling of West Bank goods

EU had said all goods coming from West Bank need to be labelled, so they're differentiated from Israeli goods.

Nov 30, 2015

Saudi Arabia consumes more Indian rice these days than Iran

Besides Saudi Arabia and Iran, other rice importers include the UAE, Iraq and Kuwait.

Nov 30, 2015

Markets end flat ahead of key data releases, RBI meeting

The RBI is expected to maintain a wait-and-see approach amid growing chances of a Fed rate hike.

Nov 30, 2015

IPO woes: Coffee Day Enterprises investors continue to suffer losses

The share, which was issued for Rs 328, closed at Rs 255.20 on the BSE on Monday.

Nov 30, 2015

Bharti Airtel to spend Rs 60,000 crore on upgrading network

Reliance Jio launch could pressurise the profit margins of other players like Bharti Airtel.

Nov 30, 2015

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