Business news

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

Markets brace for major data releases; RBI meeting next week

October fiscal deficit data will also be scrutinised closely as the government may miss the fiscal deficit target in FY16.

Nov 28, 2015

$8 million Mitsubishi factory set up in Karnataka to make metro rail, trains

Mitsubishi opened its third Indian plant at Bidadi near Bengaluru to make transportation systems for metro rail and trains.

Nov 28, 2015

Russia returns as investor's playfield after 2014's oil price collapse, business sanctions

This represents recovery after a horrific 2014 that saw the Rouble crash by 40%.

Nov 28, 2015

HSBC whistleblower Herve Falciani sentenced to 5 years in prison

He may not serve time in a Swiss prison as France does not extradite its own citizens.

Nov 27, 2015

'Bajirao Mastani' vs Shah Rukh Khan starrer 'Dilwale': Will the clash hit Eros stock?

Eros said that it would release "Bajirao Mastani" in Tamil and Telugu versions also.

Nov 27, 2015

Saudi Arabia: Bad PR effort fuels riyal devaluation rumours

Bankers said that capital city Riyadh has the available tools to protect the country as low oil prices push the current account.

Nov 27, 2015

India's oil imports seen rising despite plans to up domestic output

India's reliance on foreign oil will jump from 80 percent to 90 percent by 2040.

Nov 27, 2015

HTC launches mid-range smartphones in India, eyes 8% share of affordable segment

The company does not have a presence in the sub-Rs 10,000 mid-range segment as of now.

Nov 27, 2015

Markets extend gains on hopes of Parliament approval for GST bill

The Sensex hit an intra-day high of 26,185.

Nov 27, 2015

High-level panel soon to tackle banks' bad loans, says official

NPAs is a matter of concern and the government is vigilant in this regard, he added.

Nov 27, 2015

E-commerce giant Alibaba in talks with SCMP group to buy assets: Sources

Some journalists at the South China Morning Post welcomed the news, saying Ma had a reputation for treating staff well.

Nov 27, 2015

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