Business news

Morgan Stanley cuts Flipkart's valuation for the fourth time in 9 months

Morgan Stanley's mutual fund marked down the valuation of Flipkart by 32.8 percent at $5.54 billion.

Nov 30, 2016

Apple Campus 2: Drone video of spectacular Spaceship HQ

A new drone video has been released showing that Apples new headquarters, Campus 2, is nearing completion. The drone video from David Sexton shows the huge size of the spaceship building in Cupertino, California, where 12,000 employees will work once they move in early 2017.

Nov 29, 2016

Vegans angry as Bank of England confirms animal fat in £5 note; could it hurt religious sentiments too?

The new £5 note was released in September this year and has received a generally positive response because of its features.

Nov 29, 2016

Samsung signs MoU with GoK to distribute tablets to underprivileged girl students

The MoU signed between Samsung India and the Department of IT & BT, Government of Karnataka will see Samsung donate 400 tablets in the current financial year.

Nov 29, 2016

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SpiceJet projected to post 47% rise in net profit for FY 2017: HDFC Securities

Income is likely to grow 26.5 percent and EPS 46.9 percent for budget carrier SpiceJet, says brokerage.

Nov 29, 2016

Lufthansa loses millions as pilots' strike over better pay continues

The pilots started another two-day strike on Tuesday.

Nov 29, 2016

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OPEC meeting on Wednesday: Things you would like to know

The 14-member group of major oil producers — OPEC — is meeting to discuss a possible cut in output to arrest fall in prices.

Nov 29, 2016

Lufthansa pilots resume strike; more than 800 flights cancelled

The pilots strike has cost the Germany carrier losses amounting to hundreds of millions of euros.

Nov 29, 2016

Samsung to unveil shareholder return plans amid calls to split company

Samsung said it will hold a conference call at 9:30 a.m. local time (0030 GMT) on Tuesday to discuss its plan.

Nov 29, 2016

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Oil India Q2 results: Analysts foresee limited upside for share price

Despite a 1:3 bonus issue, the share price of Oil India is falling since prospects are not so bright for the state-run explorer.

Nov 29, 2016

The religious brain reacts to God like a drug

The neural circuitry involved in feeling religious experiences has been identified. Brain regions associated with reward lit up when devout Mormons said that they were feeling the Spirit. The brain areas that responded included reward circuits that respond to romantic love, appreciation of music, cocaine and methamphetamines.

Nov 29, 2016