Business news

Square Inc to decide IPO price band this week, begin trading before Thanksgiving

Once Square goes up on the NYSE, Jack Dorsey would be the CEO of two public offering companies, worried investors said.

Nov 3, 2015

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Edmund Shing: Avoid hedge fund horror and invest in Aberdeen Asset Management

In the long run, hedge fund investors in aggregate have not done well.

Nov 3, 2015

Indian firms were involved in $7.7 billion worth M&A deals:EY

The number of deals remained at 233 during the third quarter of 2015.

Nov 3, 2015

TinyOwl to cut 112 more jobs in fresh round of layoffs to reduce costs

In September, the Mumbai-based firm had cut nearly 200 jobs, mainly in its sales and delivery divisions.

Nov 3, 2015

Stanchart to raise $ 5.1 billion in new capital via rights issue

It will also cut 15,000 jobs by 2018 to restore profitability given a slowdown.

Nov 3, 2015

India Inc companies see contradictions; net sales decline but net profits rise

The primary reason for the decrease in net sales is a fall in petroleum products prices.

Nov 3, 2015

TransCanada asks US to suspend review of $8-billion Keystone pipeline project

The nearly-2,000-km pipeline would carry 830,000 barrels a day of mostly Canadian oil sands crude to Nebraska.

Nov 3, 2015

Modi govt policies conducive to attracting more FDI: Hinduja

Global economic slowdown is restricting many foreign companies to delay their investments in India.

Nov 3, 2015

Oil prices drop amid excess supply worries

Iran planned to raise its crude output by 1 million barrels per day by the end of March 2016.

Nov 3, 2015

India's largest tech incubator T-Hub attracts 130 startups before launch

While the state government will provide Rs 10 crore for the project, they hope private players will pitch in Rs 90 crore for the same.

Nov 3, 2015

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Trades Union Bill: Unions lobby parliament over controversial bill

Members of the TUC have lobbied parliament in opposition to the controversial Trades Union Bill.

Nov 2, 2015

Adani Ports sees 16% increase in net profit; ready to do Vizhinjam port

The profit increased from Rs.1, 868 crore from last year to Rs. 1,986 crores this year.

Nov 2, 2015

Infosys cofounder Nandan Nilekani to invest in truck fleet management startup

Nilekani's investment in Fortigo could be his fourth venture in 2015 alone.

Nov 2, 2015

Sensex ends in red for sixth straight session; gold prices remains flat

Maruti Suzuki shares gained a little over 1% on strong October sales.

Nov 2, 2015

Reliance to acquire Sistema's Indian telecom business

Sistema will pay off its existing debt and get a 10 percent stake in RCom.

Nov 2, 2015

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