Business news

SpiceJet Misses December 2014 Salary Payment Deadline

Sources from within the airline reaffirmed that no disruptions are expected for the month.

Jan 8, 2015

Elections 2015: Is Sri Lanka Ready for Peace and 'Inclusive' Democracy?

Even as Rajapaksa and Sirisena fight out the elections, the promise of lasting peace appears like an illusion.

Jan 7, 2015

Verizon Dismisses AOL Acquisition Rumours; Doesn't Rule Out Merger

Verizon Communications Inc., the famous internet service provider, dismissed rumors that it had offered to buy internet media firm AOL but didn't rule out a potential merger with the company.

Jan 7, 2015

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BSE closes points 78.64 down on Jan 7

New Delhi, Jan 7 (ANI): Trading at the Bombay Stock Exchange today closed 78.64 points down to stand at 26,908.82. At the National Stock Exchange the Nifty closed 25.25 points down to stand at 8,102.10. BEL and JUBILANT LIFE SCIENCES LIMITED were among the top gainers of Group A with an increase of 12.38% and 11.11% along with SUZLON and UBL with an increase of 9.20% and 8.35% respectively, while the top losers of Group A include PMCFIN and RASOYA PROTEINS LTD. with a decrease of 4.95% and 4.67% along with IRB and GREAT EASTERN SHIPPING CO.LTD. with a decrease of 4.39% and 4.11% at the close of the markets. The Auto sector is up 0.86 points at 18,546.79 while the banking sector is down 84.32 points at 21,031.53 and the reality sector is down 4.09 points at 1,513.72. The Indian currency is down 0.37% at Rs 63.33 per dollar.

Jan 7, 2015

Potato Crisis: McDonalds in Venezuela Running Short of French Fries

More than a 100 outlets of McDonalds, the popular fast food chain, in Venezuela have run out of potatoes and have temporarily stopped serving French fries.

Jan 7, 2015

Labourers work during the early morning at the construction site of a road in Mumbai January 2, 2015.

Budget 2015/16 Must Induce People To Spend - India Inc To Jaitley

India Inc asks for tax rationalization and gold-backed schemes to help monetize funds for retail and public spending.

Jan 7, 2015

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After huge fall yesterday, stability returning back in stock market: Market Expert

Mumbai, Jan 07 (ANI): Market Expert Sunil Shah on Wednesday said that after a huge fall in the stock market yesterday, it seems like stability is returning back to the global capital markets. Shah also said that the European market opening later in the day will also have a bearing on India's markets. The Bombay Stock Exchange (BSE) Sensex on Tuesday fell 854 points as a tumble in oil prices roiled global markets. The National Stock Exchange (NSE) Nifty also dropped points, opening at below the 8,300 mark. However, Shah said that Indian markets will recover more rapidly than others at the time.

Jan 7, 2015

Kingfisher and UB Group chairman Vijay Mallya

Banking Consortium Slaps Vijay Mallya with Contempt Application

The new year brings a new set of trouble for Vijay Mallya with the banking consortium alleging violation on the undertaking given to the DRT.

Jan 7, 2015

Unionization Of IT Employees? A Resounding 'No!'

The move to unionize IT staff is shortsighted and would steal the industry of its ability to self-regulate and adapt to economic and technological realities.

Jan 6, 2015

Rolls Royce Sells Record 4,063 Cars in 2014 for the First Time in 109-Year History

Rolls-Royce Motor Cars sold a record 4,063 cars in 2014 making it the highest number of units it ever sold over a twelve-year period in its 109-year history.

Jan 6, 2015

TCS Jobcuts and Unionisation Drive: Existential Threat to India's Knowledge-Driven IT Industry?

Trade unions, until recently considered a taboo in the IT industry, are seeking to ingrain themselves with employees facing the axe.

Jan 6, 2015

Xiaomi's Revenue Doubles to $12 Billion as Phone Sales Triple

Xiaomi, China's largest smartphone maker, announced on Monday that its revenue had doubled to $12 billion on account of its phone sales that tripled in 2014.

Jan 5, 2015

Dholera, Gujrat To Kick-Off India's Ambitious Smart Cities Infra Project, Japanese Investment at $4.5bn

The 2,700 km DMIC project is finally taking shape, with the Japanese helping with technology, consultancy services and funding

Jan 5, 2015

Crude Oil Freefall: 'Picking a Bottom Could be Deadly'

Brent Crude prices took another hit falling 1.8 percent to $55.42 per barrel on Monday marking another decline due to the global oil oversupply.

Jan 5, 2015

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BSE closes points 45.58 down on Jan 5

New Delhi, Jan 5 (ANI): Trading at the Bombay Stock Exchange today closed 45.58 points down to stand at 27,842.32. At the National Stock Exchange the Nifty closed 17.05 points down to stand at 8,378.40. ASHOK LEYLAND LTD. and GSPL were among the top gainers of Group A with an increase of 7.96% and 7.75% along with VA TECH WABAG LTD. and UNITECH with an increase of 5.67% and 4.60% respectively, while the top losers of Group A include IRB and PERSISTENT SYSTEMS LTD. with a decrease of 6.96% and 6.52% along with RattanIndia Power Limited and PMCFIN with a decrease of 4.97% and 4.95% at the close of the markets. The Auto sector is up 213.82 points at 19,050.97 while the banking sector is down 54.98 points at 21,775.12 and the reality sector is up 3.51 points at 1,575.41. The Indian currency is up 0.05% at Rs 63.31 per dollar.

Jan 5, 2015

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