Business news

Bihar to initiate steps to ban liquor within six months, says Excise Minister

Chief Minister Nitish Kumar had declared that prohibition would be imposed if he retained power .

Nov 23, 2015

Modi in Malaysia: Pacts signed on infrastructure, cybersecurity

The infrastructure development agreement was signed between India's NITI Aayog and Malaysia's Pemandu.

Nov 23, 2015

Pfizer to buy Botox-maker Allergan; key details of the deal

The deal is worth more than $150 billion.

Nov 23, 2015

After 5 years of austerity, Britain now prepares for more spending cuts

Finance Minister George Osborne will announce details of new spending squeeze on Wednesday.

Nov 23, 2015

U.S. oil prices fall by more than 3% on strong dollar, oversupply

The fall was part of a wider decline in commodities stoked by worries over faltering demand from China.

Nov 23, 2015

Walmart takes Cyber Monday forward to Sunday, expects record industry sales

It will launch 2,000 online-only specials on 29 November, up from 500 such deals last year.

Nov 23, 2015

Air India sells 9 Dreamliner planes to repay debt

In a similar agreement earlier, the airline had sold 12 Dreamliners and leased them back.

Nov 23, 2015

Takeover deals worth $5 billion-plus touch record number of 128 this year

The week's biggest M&A deal was a $13.4 billion tie-up between France's Air Liquide and U.S. peer Airgas.

Nov 22, 2015

India unveils plans to phase out tax exemptions for companies

Over four years, the government plans to lower corporate tax from 30% to 25%, Arun Jaitley had said

Nov 22, 2015

French cognac makers step up U.S. efforts as sales decline in China

Producers of the drink now need to reach other groups to help fill the space left by China.

Nov 22, 2015

US pushes China for greater market access in trade talks

U.S experts argue that Chinese hackers have continued to penetrate firms in United States.

Nov 22, 2015

Modi govt's gold bond scheme flops; garners only around Rs 150 crore

Bankers said the high issue price was the biggest dampener.

Nov 22, 2015

Monetary policy risks becoming futile in low-growth world, says ECB's Coeure

He calls for academics and policy-makers to address issues at the root of a global economic malaise.

Nov 22, 2015

VW denies report of declining sales after emission scandal

Feedback from representatives of various dealerships paints a different picture, says VW.

Nov 22, 2015

Taj Hotels to end management contract for 2 Gateway Hotel properties

The Indian Hotels Company said it will continue managing the two properties as previously agreed until 9 May 2016.

Nov 22, 2015

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