Business news

Wipro likely to extend CEO Kurien's term by at least one year: Report

The expert said the extension of Kurien's term will provide the company's chairman, Azim Premji, and the board more time to scout for a new CEO.

Oct 26, 2015

Indian e-commerce market to triple to $12 billion this year

Amazon sales have increased four-fold this year, as it tripled the number of sellers on its platform.

Oct 26, 2015

Oracle goes into aggressive mode, launches new cloud platforms

A slew of innovative moves to take on its main cloud computing rivals Amazon and Microsoft.

Oct 26, 2015

US expands probe into Deutsche Bank's Moscow breach of sanctions

The regulatory probe involving trades worth $6 billion has to do with sanctions against Russia.

Oct 26, 2015

Tax department to launch project for scrutiny assessment by email

This will see select taxpayers assessed without calling them to its offices.

Oct 25, 2015

VW may offer discounts to owners turning in cars with illicit software

Volkswagen is battling the biggest business crisis in its 78-year history.

Oct 25, 2015

Nasdaq 100 index may set record high driven by Apple earnings

Technology shares led the U.S. stock market's recovery this week from its worst correction in four years in August.

Oct 25, 2015

Strong dollar hammers P&G's quarterly sales; consumer products profits up

Sales in China, its second largest market, tumbled.

Oct 25, 2015

Malaysia poised to become global hub for Islamic finance, says central bank governor

Global Islamic finance is an industry with assets valued at about $2.1 trillion in 2014.

Oct 24, 2015

Toshiba to sell image sensor business to Sony for $164.68 million

The company plans to pull out of the sensor business.

Oct 24, 2015

Ericsson posts net income of $364 million for third quarter

India has emerged as the highest growing region for Ericsson, 81% over the last year.

Oct 24, 2015

A strong dollar and a supply glut force oil prices downward

Dollar-priced crude became more expensive and less attractive for buyers holding other currencies.

Oct 24, 2015

Europe's top privacy watchdog warns against transfer of personal data to US

Court struck down system enabling companies to easily transfer Europeans' personal data across the Atlantic.

Oct 24, 2015

Volvo doubles profit in 3rd quarter, but total sales increase only 1%

Sales dropped by 33 percent in South America, with a 53 percent plunge in the Brazilian market.

Oct 24, 2015

Tech sector shares soar as Alphabet, Amazon, Microsoft fire up Wall Street

Alphabet company's mobile search traffic surpassed desktop search traffic for the first time in history.

Oct 24, 2015

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