Business news

Vijay Mallya steps down from Diageo-owned firm

In April 2015, the United Spirits board began a process to remove Mallya as its chairman due to alleged financial irregularities

Feb 26, 2016

Asia shares inch ahead as G20 talks, oil holds gains

German Finance Minister declared that the scope for monetary and fiscal policy was exhausted globally and called for more structural reform.

Feb 26, 2016

Budget 2016 expectations: Consumers want lower import duty on smartphones

Consumers expect the finance minister to cut customs and excise duties to make smartphones affordable.

Feb 25, 2016

Railway budget presents electrification orders worth Rs 20,000 crore: KEC

However, KEC said that financing of these projects is the main concern.

Feb 25, 2016

Rail Budget 2016: First firm step towards Indian Railways' corporatisation among key business takeaways

The world's fourth-largest rail network has lined up a slew of initiatives that have huge business potential.

Feb 25, 2016

Budget 2016: Food ministry wants $20B in subsidies for next fiscal

A Reuters report said the finance ministry still has to settle an outstanding food subsidy bill of about Rs 560 billion.

Feb 25, 2016

Rail Budget 2016-17: Shares of wagon, coach-makers decline; KEC spurts

The less-than-expected capital outlay of Rs 1.21 lakh crore for FY2017 dampened sentiments for railway stocks.

Feb 25, 2016

Rail Budget 2016: What passengers got from Railway Minister Suresh Prabhu

Prabhu said the Rail Budget was aimed at meeting aspirations of the common man.

Feb 25, 2016

Govt extends e-Tourist visa scheme to 37 more countries

Since the launch of the scheme, more than 7.5 lakh visas have been issued under the scheme.

Feb 25, 2016

Sharp says 'yes' to Foxconn's takeover bid: Report

A Reuters report said Foxconn would invest over $5.8 billion in liquid crystal display-maker Sharp.

Feb 25, 2016

BHP Billiton investors sue in US over Brazil dam disaster

Four BHP officials were also sued, including Chief Executive Andrew Mackenzie and Chairman Jac Nasser.

Feb 25, 2016

Fearing job cuts, Snapdeal employees protest its outsourcing move

Snapdeal told The Times of India that the employees who did not fall under the performance improvement plan (PIP) programme carried out the protests.

Feb 25, 2016

Rail Budget 2016: No hike in passenger fares; new amenities announced

Railway Minister Suresh Prabhu presented the Rail Budget 2016-17 in Parliament Thursday.

Feb 25, 2016

HP Inc says to accelerate job cuts by 2016

The restructuring will result in charges and associated cash payments of about $300 million in the current year, HP said.

Feb 25, 2016

Airbus CEO against Honeywell's merger with United Technologies

Airbus is one of the biggest customers of both Honeywell and UTC.

Feb 25, 2016

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