Business news

Huawei's H1 Revenue up 30% at Rs. 1.7 Lakh Crore

Huawei earlier this year set a target of 20 percent growth in global revenue for 2015.

Jul 20, 2015

Gold Tumbles 4% to 5-year Low, Platinum Weakest Since 2009

It was a sudden, massive drop for gold and platinum prices which had breached critical support levels since Friday

Jul 20, 2015

Stock Markets: Hopes of Reforms, Rate Cut, Cheap Oil Drive Rally

The markets are hopeful of a rate cut from the Reserve Bank of India (RBI) in its upcoming monetary policy review in August, says an analyst.

Jul 18, 2015

Google Propels Nasdaq to Another Record High Close

Google surged 16.26 percent to end at an all-time high of $699.62, a day after reporting strong ad revenue growth.

Jul 18, 2015

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Los Angeles airport to become largest air hub to allow Uber pick-ups

Los Angeles International Airport is set to become the largest US airport to allow popular ride-sharing services such as Uber and Lyft to pick up passengers at curbside, following a vote by a local commission on 16 July.

Jul 17, 2015

SBI Plans to Share 3% Profit With Staff; Centre's Decision Pending

SBI chairperson Arundhati Bhattacharya justified the proposal to prevent the poaching of senior and mid-level managers by private banks, which offer much better incentives.

Jul 17, 2015

Anil Ambani Announces Rs.5,000 Crore New Defence Investment

The Reliance Group chairman said the acquisition of the Pipavav Defence Company in Gujarat with assets worth more than Rs.10,000 crore was his company's contribution towards self reliance.

Jul 17, 2015

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ECB agrees extra emergency funding for Greek banks

The European Central Bank (ECB) raised its emergency funding for Greek banks slightly on 16 July, in a step to help banks partially reopen after euro zone governments agreed in principle to grant Athens a new three-year loan.

Jul 16, 2015

DoT Targets WhatsApp, Skype; End of Free Voice Calls?

The DoT Committee has suggested that tariff and regulation be set up for voice calling on Viber, Skype and others.

Jul 16, 2015

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EU Commission proposes €7bn loan to Greece for July

The European Commission proposed to give Greece a €7bn (£4.92, $7.7bn) bridge loan to cover the countrys financing needs in July using the European Financial Stability Mechanism (EFSM).

Jul 15, 2015