Business news

Morgan Stanley reduces Flipkart's share value by 27%

The reduction means Flipkart's valuation now stands at $11 billion.

Feb 27, 2016

Budget 2016-17: Where to watch live whether Arun Jaitley will raise tax exemption limit

The Economic Survey tabled Friday had recommended that the government not increase tax exemption limits.

Feb 27, 2016

AirAsia India's loss doubled to Rs 38 crore in December quarter

However, its revenue tripled to Rs 208.46 as the carrier saw a two-fold increase in passenger traffic.

Feb 27, 2016

UltraTech calls off Rs 5,400-crore deal to buy Jaiprakash Associates' cement units after Bombay HC rejects arrangement

The court ruled mining laws prevented transfer of mines granted other than through auction.

Feb 27, 2016

Automation erased 25% of new IT jobs in 2015: Report

The combined new job offers made by India's top five IT firms declined 38% in the Oct-Dec quarter, Centrum Broking said.

Feb 27, 2016

Boeing plans layoffs for airplane engineers

Boeing said in a memo to employees that the company is deciding whether to make voluntary layoffs available to those workers, according to the document.

Feb 27, 2016

Samsung wins appeal in patent dispute with Apple

The court also said Apple was liable for infringing one of Samsung's patents.

Feb 27, 2016

United Tech rejects Honeywell's $90.7 billion offer

The two companies sparred publicly about a deal that, if realized, would create one of the largest U.S. companies with almost $100 billion in annual sales.

Feb 27, 2016

Mark Zuckerberg: No place for migrant hate speech on Facebook

Facebooks Mark Zuckerberg said that he understood the need to stamp out hate speech against migrants on the worlds biggest social network, and that the networks privacy policies would be changed. The move follows a charm offensive in Germany, where the company he co-founded has faced criticism for months from politicians and regulators over its privacy practices and a slow response to anti-immigrant postings by neo-Nazi sympathisers.

Feb 26, 2016