Business news

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

Mahindra share rebounds a day after SC ban on sale of diesel cars in Delhi

The stock gained 2.30% on Thursday, after losing almost 5% on Wednesday, reacting to the SC ban on diesel vehicles.

Dec 17, 2015

Missguided to sell apparel on Jabong

Missguided was founded by Indian-origin entrepreneur Nitin Passi in 2009.

Dec 17, 2015

Markets shrug off US Fed interest rate hike; Sensex, Nifty, rupee open higher

Fitch Ratings said that the impact of the hike on India won't be much when compared to other emerging markets.

Dec 17, 2015

Facebook partners with Uber: Users can hail cabs using Messenger app in US

Uber rides can be hailed using Messenger app without downloading the Uber app.

Dec 17, 2015

Several scenarios projected as to when the oil slump might end

The US is still pumping near-record volumes of crude, while OPEC is keeping output at all-time highs to maintain market share.

Dec 17, 2015

US Fed hikes interest rates after almost a decade by quarter of a percentage point

It signals faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis.

Dec 17, 2015

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