Business news

SBI shows better-than-expected 25% rise in profit as bad loans drop

Higher interest income and a drop in bad loans drove its shares up 4%.

Nov 6, 2015

Oil prices rise as strong dollar, oversupply weigh fuel markets

Analysts say that the oversupply would pressurize oil markets.

Nov 6, 2015

Payment banks to offer hundreds of jobs with salaries as high as Rs 1.50 crore

The entities are also scouting for talent outside the country.., said K Sudarshan, managing partner and co-founder, EMA Partners.

Nov 6, 2015

India's distressed power sector relying on 'Uday' for new dawn

The outstanding debt of the distribution companies is Rs 3.8 lakh crore.

Nov 6, 2015

Gold schemes present wider choice for consumers: WGC

"We believe that the Indian Gold Coin will guarantee purity...," said WGC Managing Director Somasundaram PR.

Nov 6, 2015

Walt Disney profit rises at cable network, beats Wall Street forecasts

Revenues recorded are slightly below analysts' estimates.

Nov 6, 2015

Bank of Baroda Q2 profits slump as bad loans show a big jump

Shares tumbled almost 10 percent at the opening of the market.

Nov 6, 2015

China slowdown forcing MNCs to think of turning away

Companies find that double-digit growth of the first decade is now elusive.

Nov 6, 2015

Probe begins into Exxon Mobil misleading public on climate

The Exxon Mobil investigation might extend to other oil companies.

Nov 6, 2015

Play

H and M Balmain mayhem: Scuffles break out in Regent Street as retailers fear Black Friday frenzy

Rushing into the store, the desperate fashionistas could be seen grabbing anything off the wracks

Nov 5, 2015

Virtusa to buy 53% stake in Polaris for Rs.1,173 crore

Virtusa will purchase shares at a price of around Rs.220.73 per share.

Nov 5, 2015

Layoffs create chaos among employees at TinyOwl office in Pune

Local members of political parties were also present at the TinyOwl premises.

Nov 5, 2015

Microsoft ties up with Justdial, Snapdeal, Paytm for 'cloud' start-up initiative

The newly launched "Microsoft Cloud" and new devices will catalyse digital transformation.

Nov 5, 2015

Sensex slumps 250 points ahead of Bihar election results

Bihar polls are being seen as a referendum on Modi government.

Nov 5, 2015

Facebook: 500 million watch videos daily, while 1 in every 7 checks profile

As Facebook's popularity continues to rise, mobile app fuels the company's revenue increase.

Nov 5, 2015

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