Business news

Facebook: 500 million watch videos daily, while 1 in every 7 checks profile

As Facebook's popularity continues to rise, mobile app fuels the company's revenue increase.

Nov 5, 2015

Facebook posts strong revenue growth; average daily users rise to more than 1 billion per day

Facebook reported a 11% jump in profit for the third quarter as it witnessed a spike in revenue from ad sales. The social media giant saw revenues climb to $4.5bn (Â£2.9bn, â‚¬4.1bn) and claimed that its average daily users rose to more than 1 billion a day.

Nov 5, 2015

Brazil: Petrobras' worst strike reduces oil output, deepens crisis

It's like the unions are saying, 'Hey, Petrobras is in intensive care. Let's pull the plug, a Brazil energy research company said.

Nov 5, 2015

Housing.com to fire 200 employees this month to reach cost cutting targets: Report

"...this time the company is laying off without solid ground," said a senior Housing executive

Nov 5, 2015

Asia stocks fall as Fed hints at December interest rate hike

Central banks from Australia to Thailand have voiced their caution at their scheduled policy meeting this week.

Nov 5, 2015

Solar power tariff at all time low: Power Minister

Through reverse e-bidding, NTPC has received bids of Rs 4.63/kW.h by a US-based Sun Edison company.

Nov 5, 2015

Nokia: Only 45 percent of 3G capable devices have valid subscription

one in every four Indians has a capable 3G device, while 3G subscribers today are only at 100 million.

Nov 5, 2015

Star Wars The Force Awakens and Frozen merchandise driving UK toy market Christmas sales

Film-related products now account for 15% of all UK toy sales.

Nov 4, 2015

Standard Chartered to shut down some India operations as part of global restructuring

The bank is expected to close unprofitable branches in India.

Nov 4, 2015

Man Group is our share tip of the week â€“ 5 reasons to invest

Edmund Shing explains why you should invest in alternative investment management business Man Group.

Nov 4, 2015

Body Labs receives $8 million funding to develop 3D body images

The 3D model will allow one to feature as the protagonist in video games.

Nov 4, 2015

Market Watch: Positive global cues fail to lift Sensex, gold prices plunge

Tata Motors shares rose over 6% after its subsidiary JLR reported better-than-expected October sales in the US.

Nov 4, 2015

McDonald's to launch thick-patty 'signature' burgers to fight rivals

The "Signature Collection" burgers will be served in brioche-style buns and cost â‚¬4.69

Nov 4, 2015

CVC summons Wal-Mart India head in alleged bribery case

The probe will involve examination of the retailer's documents.

Nov 4, 2015

Microsoft cancels unlimited OneDrive storage offer following excessive usage

Microsoft has decided to drop its unlimited OneDrive storage offer and focus on high-value productivity.

Nov 4, 2015

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