Business news

CITIC under the scanner for overstating financial derivatives by $166 billion

China's biggest brokerage says the current size of its swap business is no larger than 40 billion yuan.

Nov 26, 2015

India among nations showing highest levels of corporate fraud, says survey

Both China and Russia showed much lower levels of corruption and bribery in corporate scenarios.

Nov 26, 2015

Telangana record: An acre of land sold for whopping Rs 29.28 crore

The companies, which purchased the land in the auction conducted by TSIIC, plan to build world-class corporate headquarters.

Nov 26, 2015

Brazil: BTG Pactual CEO, Senate leader arrested for blocking bribery investigation

Brazil's currency fell as much as 2% because of the scandal.

Nov 26, 2015

Sony sells more than 30 million PlayStation 4 during holiday season

The console helped Sony book its highest Q2 operating profit in 8 years.

Nov 26, 2015

Big brands use Periscope app to reach millennials in spite of glitches

BMW, Benefit Cosmetics, Royal Caribbean International have used Periscope to promote their product.

Nov 26, 2015

Mudra Bank, Start up India to shore up MSMEs

While loans to larger businesses have increased 4%, small business loans have decreased 20%.

Nov 25, 2015

OPEC to keep pumping oil despite fears of price falling to $20

Some member states see a return to twenty-dollar-oil, last seen at the turn of the millennium.

Nov 25, 2015

Tech world raids Wall Street talent; Uber grabs bankers

The bankers are the latest to leave Wall Street banks for Silicon Valley startups.

Nov 25, 2015

US repurchase rate rises to highest level in one-and-a-half weeks

US financial markets will remain closed on Thursday.

Nov 25, 2015

Google's Accelerated Mobile Pages to arrive early next year

A preview version of AMP was rolled out in 7 October, 2015.

Nov 25, 2015

Toyota issues recall for 1.61 million vehicles sold in Japan

The recall notice was reissued on more than 20 Toyota models including the highly popular Vitz hatchback.

Nov 25, 2015

China: Police crack $4.5 billion worth underground bank network

14 gangs, each of whose daily illegal transactions were more than $100,000, were arrested.

Nov 25, 2015

Issue of sovereign gold bond postponed to November 30

Subscription for the sovereign gold bonds was open from November 5 to 20.

Nov 25, 2015

Apple acquires facial animation tech developer Faceshift

The technology can create animated avatars in games or characters in movies.

Nov 25, 2015

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