Business news

US Fed rate hike, Chennai floods, ECB easing push Sensex down 2%

Auto and IT companies had to suspend operations at their facilities in Chennai due to floods.

Dec 5, 2015

Hate Story 3 box office collection: Good business augurs well for Eros International's Bajirao Mastani and Balaji Telefilms?

Eros International is the global distributor for "Bajirao Mastani" starring Ranvir Singh, Deepika Padukone, Priyanka Chopra.

Dec 5, 2015

Seventh Pay Commission can be 'potential game changer' for struggling real estate sector

Employees getting an increase of Rs 24,000 in monthly salary are likely to play a key role in pushing up the housing demand.

Dec 5, 2015

Chennai floods: Telcos losses pegged at Rs 300 crore

Telcos incurred Rs 200 crore revenue loss over the past week.

Dec 5, 2015

No agreement on oil production ceiling by OPEC members

Iran said it would not consider any production curbs.

Dec 5, 2015

GST panel hands in suggestions; moots 17 to 18 percent revenue neutral rate

The revenue-neutral rate is the rate at which there will be no loss to both state and central governments.

Dec 4, 2015

GMR Infrastructure raises $300 million from Kuwait Investment Authority

The FCCBs will be repaid after 60 years, said the company.

Dec 4, 2015

Patents row: Samsung agrees to pay Apple $548 million for infringement

The company will pay the amount to Apple within 10 days of the California-based smartphone raising an invoice.

Dec 4, 2015

Centre to serve notices to 2,690 companies for not having a woman on the board

Companies were asked to appoint at least one woman director on their boards by April 1, 2015.

Dec 4, 2015

Sensex falls by 248 points on ECB disappointment

Disappointing easing by the European Central Bank weighs on other Asian stocks as well.

Dec 4, 2015

Reliance Communications to sell tower assets to Tillman Global and TPG

RCom added that it will utilise the proceeds of the transaction to reduce its debt.

Dec 4, 2015

Zuckerberg clarifies he isn't evading taxes by giving wealth to charity

'By using an LLC instead of a traditional foundation, we receive no tax benefit," says the Faacebook founder.

Dec 4, 2015

Infosys, Wipro, HCL Technologies NIIT fall, TCS touches new 52-week low

The S&P BSE IT sector index fell 97.52 points, or 0.90%, to 10,694.50.

Dec 4, 2015

Union Budget 2016: Are interest rates on retail deposits poised to go down?

Arun Jaitley said on Friday his government would have to 'move cautiously' on the subject.

Dec 4, 2015

Opec meeting: Crude prices to stay low as cartel can hardly change anything

Why is crude falling? How far down technically is a price bottom?

Dec 4, 2015

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