Business news

LPG subsidy to be withdrawn for consumers with over Rs.10 lakh income

30 lakh people gave up LPG subsidy in response to a call from PM Modi, he claimed.

Nov 14, 2015

Apollo Hospitals posts marginal growth in net profit

Net profit was Rs.93.67 crore for the quarter ended September 30.

Nov 14, 2015

Wockhardt net profit increases 30-fold in Q2; sales soar

Net profit was a mere Rs.3.6 crore in the same period a year ago.

Nov 14, 2015

Indian equities see seventh highest foreign inflows despite volatility

India witnessed just $4.32 billion of foreign flows so far this year.

Nov 14, 2015

Farm economy downturn forces Cargill to restructure, cut jobs

Global agricultural companies are under pressure from slumping commodity prices.

Nov 14, 2015

India's largest trade fair kicks off; 7,000 firms from 28 countries participate

The two-week exposition concludes on 27 Nov, with the first five days reserved exclusively for business visitors.

Nov 14, 2015

Outsourced criminal hackers played key role in JPMorgan cyber fraud

The hackers constructed a criminal conglomerate and outsourced much of their technology needs.

Nov 14, 2015

Crude oil prices post biggest weekly losses since March this year

In seven out of the past eight sessions, oil prices had been on the decline.

Nov 14, 2015

Coal India posts 16% rise in net profit for Q2

Coal production during the second quarter of the current fiscal was 108.20 million tonnes.

Nov 14, 2015

China's yuan moves closer to joining IMF currency basket

Joining the Special Drawing Rights basket could increase demand for the yuan among reserve managers.

Nov 14, 2015

Wall Street records worst week since August, hurt by selloff in tech firms

Three major US indicies ended the week down more than 3%, putting brakes on a fast rally that began in October.

Nov 14, 2015

Infosys trying out new compensation structure, to hire 20,000 from campuses

The new structure is aimed at meeting "short-term quarterly targets more effectively", said Rao.

Nov 13, 2015

Sensex slumps on spike in inflation, falling commodity prices

Crude oil prices fell to over 2-month lows following a rise in US oil inventories.

Nov 13, 2015

Gold prices plunge to 3-month low in India on growing fears over US Fed rate hike in December

Gold traded at over 5-year low in overseas markets.

Nov 13, 2015

Volkswagen fined $13 million for violating Brazilian environment regulations

The company said the vehicles needed to be recalled in order for the fix to take place.

Nov 13, 2015

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