Business news

Microsoft to fund start-ups that will offer affordable Internet access

The fund will aim to provide affordable Internet connectivity in unconnected areas of the world.

Nov 17, 2015

Western Coalfields to invest Rs. 6,280 crore across five years

Rs. 850 crore is being spent on land acquisition during the current fiscal year.

Nov 17, 2015

Infosys shares fall 2% to a two-month low despite warning on weak margins

EBIT margins for Q3 will be weak due to lower revenue growth and higher investments.

Nov 17, 2015

Marriott International to buy Starwood resorts in a $12.2-billion deal

The deal is expected to close by mid-2016 after approval from both companies' shareholders and regulators.

Nov 17, 2015

Facebook shares dip as Marc Andreessen sells 73% of stake

Marc Andreessen sold more than 1.5 million shares of Facebook stock worth roughly $160 million.

Nov 17, 2015

Stock prices of defence companies swell after Paris attacks

Stock prices of defence industry majors see an increase since attacks in France.

Nov 17, 2015

Detroit automakers plan to produce small cars in Mexico to reduce labour costs

AutoForecast estimates that GM, Ford and Fiat Chrysler will collectively produce 45% of their small cars in Mexico.

Nov 17, 2015

Modi govt has required number of votes to pass GST bill: Arun Jaitley

"We have numbers on our side," Jaitley said.

Nov 17, 2015

Rice prices may rise by next year, says Assocham

Assocham has blamed the poor rainfall and declining government's stock of rice as the reason behind the possible price hike.

Nov 17, 2015

Asian stocks rise as fallout from Paris attacks recedes

Expectations for a December rate hike by the US Federal Reserve keeps dollar bullish.

Nov 17, 2015

India drafts policy to claim stake in Global Internet of Things by 2020

Under IoT, various devices can be connected with internet for sharing data among a specified community.

Nov 17, 2015

Azim Premji investment arm to buy 4% stake in ICICI Prudential Life Insurance

Earlier this year, the valuation of the insurer stood at Rs 36,000 crore .

Nov 17, 2015

China: Fiat recalls 42,935 cars due to problem in gearshift system

The recall involves Viaggo Sedans manufactured between Aug 2012 and Dec 2013.

Nov 17, 2015

Apollo Tyres acquires German tyre distributor Reifencom GmbH

Apollo Tyres describes it as a "strategic fit" to grow its European business.

Nov 16, 2015

Pulse prices witness sharpest increase in decade: CRISIL

A spike in pulse prices led both the retail and wholesale inflation rates to move higher in October.

Nov 16, 2015

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