Business news

Rising gold prices trigger modest rally in gold ETFs

Gold ETFs ended up with losses in calendar year 2015, ranging from 5% to over 90%.

Jan 6, 2016

Vodafone India will soon launch 4G in Mumbai; SIM cards available in stores

Customers can go and upgrade their SIMs to 4G-ready SIM's at 56 Vodafone stores located across Mumbai.

Jan 6, 2016

Jet Airways in talks with Etihad to sell 25% stake: Report

The deal may be finalised by 31 March, 2016, according to a source.

Jan 6, 2016

Huawei first Chinese smartphone maker to ship more than 100 million devices: Report

The company sold 108 million devices in 2015, up 44% from 2014 volume sales.

Jan 6, 2016

Startup bigwigs to attend PM's Start-up India event on 16 January

Google Inc will run a session titled 'Launchpad Accelerator', where early-stage start-ups can win $50,000 in investment.

Jan 6, 2016

Wipro to announce a new organisational structure soon

If the company adopts the model in the new structure, then the COO would be seen as the next top level executive after CEO.

Jan 6, 2016

US Justice department sues Volkswagen for $48 billion for violating environmental laws

The civil lawsuit, announced on Monday, reflects the growing number of allegations against VW

Jan 6, 2016

Bajirao Mastani mints money at box office but Eros share languishes

The share price of Eros has been on a downhill ever since "Bajirao Mastani" was released.

Jan 5, 2016

Income tax officials raid Apollo Hospitals

The group is expected to issue a statement later in the day.

Jan 5, 2016

Indian stock markets end trading with modest losses; TCS in race to acquire Dell's Perot Systems

The S&P BSE Sensex lost 43 points while the Nifty closed 7 points down at 7,784.

Jan 5, 2016

Mary Barra elected as chairman of GM Board of Directors

Barra has been serving as CEO of the company since 15 January, 2014.

Jan 5, 2016

Crude oil prices may fall to $30 a barrel in 2016: UBS

A fall in US oil production is expected to help the oil market to rebalance, says UBS.

Jan 5, 2016

Grofers closes operations in nine cities due to poor take off

Currently, Grofers operates in Mumbai, Delhi-NCR, Bengaluru, Pune and a few other cities

Jan 5, 2016

EMC plans layoffs to trim costs by $850 million

The layoffs are planned "to keep pace" with changing landscape of the industry, EMC said in filing.

Jan 5, 2016

TCS still intent on buying Perot Systems: Reports

Dell had bought Perot Systems, which provides IT consulting to hospitals and government agencies, in 2009.

Jan 5, 2016

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