Business news

Myntra plans to enter US online market despite reporting losses at home

In FY 2015, Myntra reported loss of Rs 740 crore on revenue of Rs 758 crore.

Feb 1, 2016

New Delhi-based Beer Cafe seeks to raise Rs 270 crore to expand business

The company has reportedly hired Mumbai-based Avendus Capital to help it raise the funds.

Feb 1, 2016

Barclays, Credit Suisse strike record deals with SEC, NY over dark pools

Barclays admitted it broke the law and agreed to pay $70 million, federal and New York state officials said.

Feb 1, 2016

Mobile phone production crosses the 100-million mark in India

Mobile phone production in India increased by 95% in the current financial year (FY) as compared to the previous year.

Jan 31, 2016

Berkshire resumes buying Phillips 66 stock

Phillips 66 is Berkshire's sixth-largest stock holding, regulatory filings show.

Jan 31, 2016

Sunny Leone and Vir Das during the promotion of "Mastizaade"

'Mastizaade' fails to do an 'Airlift' at the box office, disappoints PNC shareholders

The Sunny Leone starrer saw a lukewarm response on its opening day, unlike Akshay Kumar's "Airlift".

Jan 30, 2016

Infosys promotes 2,100 employees after upbeat Q3 numbers

Earlier this month, Infosys had slashed variable payouts to employees from 100 percent to 75 percent.

Jan 30, 2016

Gold prices rise 6.35% in January; gold ETFs also gain

The spurt was largely due to a slump in global equity markets that witnessed heavy sell-off.

Jan 30, 2016

Interest rate cut signals from RBI, domestic car sales data to determine market direction next week

The RBI meets on 2 February to announce its sixth bi-monthly monetary policy statement.

Jan 30, 2016

Controversial putrajeevak beej medicine may bring troubles for Baba Ramdev

Principal Secretary Health Om Prakash said that the details have been sent to Chief Minister Harish Rawat.

Jan 30, 2016

HCL expands its footprint in Africa, Baltic region to boost growth

The company sees African region as a key market of its growth in the future.

Jan 30, 2016

JSW Steel reports net loss of Rs 923 crore

The company recorded a turnover of Rs 9,562 crore and net sales of Rs 8,621 crore.

Jan 30, 2016

Xerox to split into two companies, Icahn to get board seats on one

The document technology company, which will make printers and copiers, will have annual revenue of $11 billion.

Jan 30, 2016

ALS: Shockingly successful Copper-ATSM mice trials show first signs of prolonging life

Study could have discovered first motor neurone diseases treatment that can prolong lives for more than weeks.

Jan 29, 2016

India's foreign exchange reserves reverse 3-week fall, up $355 million

The reserves stood at $347.56 billion as on 22 January.

Jan 29, 2016

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