Business news

General Electric sells Japan lending unit for $4.8 billion to Sumitomo Mitsui

The deal will be concluded by April 2016.

Dec 15, 2015

Japan's SoftBank clinches first solar power project in India

Prime Minister Narendra Modi aims to generate renewable energy of 100,000 MW by 2022.

Dec 15, 2015

Air India to turn profitable on cheaper fuel prices, Dreamliner operations

Each Dreamliner aircraft can carry 256 passengers in single flight compared to 195 seat capacity in older aircraft.

Dec 15, 2015

Reliance Jio 4G offered peak download speed of 70 mbps during trial phase: Credit Suisse

At a peak speed of 70 mbps, a user can download a Bollywood movie in just 30 seconds.

Dec 15, 2015

Samsung appeals Apple patent 'windfall' ruling to US apex court

Samsung's petition must first be accepted for review by the Supreme Court.

Dec 15, 2015

Sensex edges down; banks hit ahead of Fed meeting

Investors have mostly priced in a Fed rate hike this week.

Dec 15, 2015

Lockheed wins contract worth $1.09 billion to build PAC-3 missiles for US Army, others

The contract runs through June 2019, the US Defense Department said in its daily digest of major arms contracts.

Dec 15, 2015

Vladimir Putins funny walk the result of Russias KGB training

Analysis of well-known Russian officials walking style points to some sort of weaponry training.

Dec 14, 2015

Alibaba to pay $266 million to acquire South China Morning Post

The deal includes SCMP's magazines, outdoor media, education and digital business.

Dec 14, 2015

Cognizant signs 3-year contract with Etihad Airways on digital services

Cognizant will manage Etihad Airways' existing web applications and portals and integrate them into the new digital platform.

Dec 14, 2015

US Fed rate hike could actually bring relief for Sensex: Analysts

Equity markets may start showing less volatility once the US Fed takes rate increase decision.

Dec 14, 2015

Tata Group still derives 80% of profit from just 20% of its companies

TCS and Tata Motors contribute to more than 90% of the profit earned by the group's top 10 profitable companies.

Dec 14, 2015

Markets recover after early losses; Sensex up over 100 points, Nifty at 7,650

Tata Steel, Hindustan Uniliver, Coal India, Sun Pharma, Maruti Suzuki and Infosys are leading the rally.

Dec 14, 2015

Rupee falls below 67-mark on US Fed rate hike fears

The rupee could face risks from a devaluation of Chinese yuan as well.

Dec 14, 2015

Rajasthan: Cairn India to launch world's largest enhanced oil recovery programme

World's largest oil well discovered in 2004, Mangala-1 was the company's first discovery after many 3D seismic explorations.

Dec 14, 2015

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