Business news

Farm economy downturn forces Cargill to restructure, cut jobs

Global agricultural companies are under pressure from slumping commodity prices.

Nov 14, 2015

India's largest trade fair kicks off; 7,000 firms from 28 countries participate

The two-week exposition concludes on 27 Nov, with the first five days reserved exclusively for business visitors.

Nov 14, 2015

Outsourced criminal hackers played key role in JPMorgan cyber fraud

The hackers constructed a criminal conglomerate and outsourced much of their technology needs.

Nov 14, 2015

Crude oil prices post biggest weekly losses since March this year

In seven out of the past eight sessions, oil prices had been on the decline.

Nov 14, 2015

Coal India posts 16% rise in net profit for Q2

Coal production during the second quarter of the current fiscal was 108.20 million tonnes.

Nov 14, 2015

China's yuan moves closer to joining IMF currency basket

Joining the Special Drawing Rights basket could increase demand for the yuan among reserve managers.

Nov 14, 2015

Wall Street records worst week since August, hurt by selloff in tech firms

Three major US indicies ended the week down more than 3%, putting brakes on a fast rally that began in October.

Nov 14, 2015

Infosys trying out new compensation structure, to hire 20,000 from campuses

The new structure is aimed at meeting "short-term quarterly targets more effectively", said Rao.

Nov 13, 2015

Sensex slumps on spike in inflation, falling commodity prices

Crude oil prices fell to over 2-month lows following a rise in US oil inventories.

Nov 13, 2015

Gold prices plunge to 3-month low in India on growing fears over US Fed rate hike in December

Gold traded at over 5-year low in overseas markets.

Nov 13, 2015

Volkswagen fined $13 million for violating Brazilian environment regulations

The company said the vehicles needed to be recalled in order for the fix to take place.

Nov 13, 2015

Amazon to leverage India export delivery lessons to cut costs abroad

Britain could get a delivery service called Easy Ship, where orders are picked up by Amazon directly from sellers.

Nov 13, 2015

Railways doubles ticket cancellation charges, trims refund option validity

Cancellation fee will be 50% of the ticket between 12 hours and 4 hours before the train departs.

Nov 13, 2015

SpiceJet reports modest net profit in Q2, on recovery path

SpiceJet has returned to profit this year by filling more seats on its planes after reducing capacity by 34%.

Nov 13, 2015

Asian shares fall, tracking commodity prices

The Shanghai Composite index slipped 1.3%, but was poised to end the week flat.

Nov 13, 2015

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