Business news

Chinese shares slump pulling down other Asian stocks alongside

China is trying to reduce leveraged financing risk in its stock markets after a summer plunge.

Nov 27, 2015

GAIL joins hands with ISRO to ensure pipeline security

The deal will enhance pipeline security through an eye in the space.

Nov 27, 2015

Wealth of India's super rich to double by 2020, says study

The HNIs are also expected to see their wealth growing faster than the wealth of their Chinese counterparts.

Nov 27, 2015

UK house prices: Are Osbornes plans helping to turn around the situation for first time buyers?

The Help to Buy: ISA scheme will be introduced on 1 December 2015.

Nov 26, 2015

RBI allows foreign investors to buy corporate bonds in default

It's a potential boost to the country's nascent distressed debt market.

Nov 26, 2015

Gold demand could dip to eight-year low on rural distress

Consecutive droughts have hit the income of farmers in rural India, weighing on the gold purchases.

Nov 26, 2015

The year of the Chinese metal bear has its negative impact

A whole new category of Chinese bears has entered the market.

Nov 26, 2015

European shares rally as Euro slips backwards to 7-month lows

Talk of aggressive stimulus from the European Central Bank next week gains ground.

Nov 26, 2015

Bain sells shares in Hero MotoCorp to raise $116 million

Bain launched the deal to sell 2.98 million Hero shares on 25 November.

Nov 26, 2015

Sensex rebounds strongly on hopes of GST bill approval

Dr Reddys' Laboratories shares plunged over 8% to end at Rs 3,110 after a warning from the US drug regulator.

Nov 26, 2015

US: Class action lawsuit accuses big banks of swapping interest rates

The lawsuit said every year the banks extracted billions of dollars in monopoly rents from the class members.

Nov 26, 2015

Pimco, other investors sue Citigroup over billions in mortgage debt losses

The bank had allegedly failed to properly monitor toxic securitiesresulting in $2.3 billion losses.

Nov 26, 2015

Indian companies likely to give 10.6% salary hike in 2016, says Towers Watson

However, a spike in inflation will eat into a significant part of the salary hike, the firm says.

Nov 26, 2015

GlaxoSmithKline refurbishing its image to boost China sales after bribery scandal

China's drug market is the world's second largest but growth is slowing.

Nov 26, 2015

Gold prices could come down in India, minister Nirmala Sitharaman willing

She has apparently suggested lowering the duty from the current 10% to 2% to boost exports.

Nov 26, 2015

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