Business news

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

Ola, Didi Kuaidi, Lyft and GrabTaxi announce global rideshare partnership; services from Q1, 2016

The four companies would effectively cater to almost 50% of the world's population.

Dec 4, 2015

VW would sell assets to repay loan if no other way available: Sources

Volkswagen is under pressure to strengthen its finances for the fines its has to pay in the emissions scandal.

Dec 4, 2015

IMF supports ECB's new stimulus programme

The ECB on Thursday decided to lower the interest rate on deposit facility by 10 basis points to minus 0.3%.

Dec 4, 2015

Sensex declines 217 points in early trade

The wider 50-scrip Nifty of the NSE was also down 0.74%.

Dec 4, 2015

StanChart warns errant Indian defaulters of tough action: Report

The bank's loan impairment in India in H1 this year rose to $483 million, up from $56 million, y-o-y.

Dec 4, 2015

ECB president Mario Draghi extends QE programme until March 2017

The European Central Bank has decided against an increase in the pace of the asset purchase programme, Mario Draghi announced at a press conference on 3 December.

Dec 3, 2015

#ChennaiFloods: Royal Enfield production disrupted, waiting period likely to increase

Thiruvottiyur and Oragadam plants have been shut from 1 December.

Dec 3, 2015

Sensex slumps by 231 points on rekindled US Fed rate hike fears

Auto and IT shares come under selling pressure due to disruption in operations in flood-hit Chennai.

Dec 3, 2015

Gold prices slump to five-year low on looming US Fed rate hike

Silver prices also fell sharply tracking weakness in gold prices.

Dec 3, 2015

Chennai floods: Insurers may end up settling claims worth over Rs 1,000 crore

The state-owned insurer United India Insurance has the highest exposure to Tamilnadu.

Dec 3, 2015

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