Business news

Volkswagen faces Australian lawsuit over emission scandal

In October, Volkswagen announced a recall Volkswagen and Audi automobiles that were caught up in the diesel emissions-rigging scandal.

Nov 2, 2015

Mahindra & Mahindra sales up by 20 % on festive season fillip

The advent of the festive season has provided the much needed fillip for the auto industry.

Nov 1, 2015

South Korea's exports plunge 15.8 percent in October; trade surplus remains positive

Exports dropped at the steepest rate in six years as outbound shipments backtracked.

Nov 1, 2015

Eicher Motors logs 73 percent sales growth in October

The company had cumulative sales of 371,590 units at the end of October.

Nov 1, 2015

Greek banks must raise $15.9 billion to survive crisis, says ECB

Greece would need $4.84 billion to meet the standard scenario of economy.

Nov 1, 2015

Reliance Communications mulls merger with MTS India

RCom has been in talks with Sistema Shyam Teleservices (SSTL) since June.

Nov 1, 2015

4G Smartphone base expected to be 180 million by 2017

Three big players - Bharti, Vodafone, Idea - will have a head-start in 4G and incumbency advantage.

Nov 1, 2015

Vodafone UK: Hackers broke into accounts of nearly 2000 customers

Hackers had potentially gained access to the victims' bank sort codes and the last four numbers of their accounts.

Nov 1, 2015

Sensex still up 436 points in October despite recent sell-off

Markets lost some steam in the second week of October after Infosys reduced its revenue guidance.

Oct 31, 2015

Tyre companies report higher net profit, lower sales in Q2; Chinese imports hit

Industry body ATMA wants Modi government to check "unbridled import of tyres".

Oct 31, 2015

Jabong ropes in Benetton India's Sanjeev Mohanty as its new CEO

Mohanty, with over 20 years of experience in the fashion industry, worked at Benetton India for more than 11 years.

Oct 31, 2015

Stocks post best month in 4 years aided by favourable monetary policies in Euro Zone, Japan

Oil prices rose after the US oil rig count fell for a 9th straight week.

Oct 31, 2015

Foxconn to get 100% stamp duty exemption, subsidised power supply from Maharashtra

The state will also help Foxconn get loans at preferred interest rates with a payment moratorium period of 10 years.

Oct 31, 2015

Flipkart aims to turn profitable in 3 years

Since its incorporation in 2007, Flipkart has been incurring losses.

Oct 31, 2015

Indian govt to issue sovereign gold bonds on 26 November

Applications for the bonds will be accepted 5-20 November.

Oct 30, 2015

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