Business news

VW executives 'aware' of faulty fuel efficiency a year ago: report

VW in early November revealed that it had understated the level of carbon dioxide emissions and fuel usage in around 800,000 cars.

Nov 30, 2015

Paradigm shift: U.S. online shopping rivals store trips, says NRF survey

An equal number of U.S. shoppers sought to buy items online as they did in physical stores over the Thanksgiving weekend.

Nov 30, 2015

Iran: 50 oil projects proposed to foreign investors, says media

Some 135 energy companies attended a conference in Tehran to hear the terms of a new energy contract.

Nov 29, 2015

Genuine climate change financing needed, says economic affairs secretary

Das says clean technology is important and not unreasonable standards that create markets for developed countries.

Nov 29, 2015

Hong Kong: Digital toy maker VTech says customer data was stolen

The news site Motherboard reported that data belonging to some 4.8 million parents and more than 200,000 children was taken.

Nov 29, 2015

Facebook grants paid time off for baby leave as global benefit

Currently, fathers and non-primary caregivers outside the United States get four weeks of paid leave.

Nov 29, 2015

66 lakh benefit from Mudra scheme, claims PM Narendra Modi

The Mudra scheme provides loans for setting up businesses.

Nov 29, 2015

Biocon expects revenues to reach $1 billion mark: MD Kiran Mazumdar-Shaw

Bicon's revenues were a little less than $500 million for fiscal 2014-15.

Nov 29, 2015

GST, EU stimulus to power investment flow in equity markets

Nevertheless, over-expectations from the Modi government on GST might just act as dampeners.

Nov 29, 2015

EU aims to enhance national privacy regulators in new US data pact

The commission is looking for ways to involve European privacy watchdogs more deeply.

Nov 29, 2015

Emami to augment high-end packaging paper capacity

It will invest Rs.1,000 crore in three years to double its production capacity.

Nov 29, 2015

Brazil govt to sue Samarco for $5.24 billion in damages for dam burst

Samarco is a joint venture between the world's largest mining company, BHP Billiton Ltd, and Vale SA.

Nov 29, 2015

Sumitomo, Spacewood Furnishers building plant in Nagpur to make pre-hung doors

On 7 October, 2015, Sumitomo had announced acquisition of 26% equity stake in Spacewood Furnishers.

Nov 28, 2015

Forbid Coca-Cola from using groundwater, demand Varanasi villagers

"...It is time for Coca-Cola to pack up and leave," said Amit Srivastava of India Resource Center.

Nov 28, 2015

US oil prices decline amid glut

The US crude production added 17,000 to 9.165 million barrels a day last week, according to EIA.

Nov 28, 2015

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