Business news

Aer Lingus Rejects Takeover Bid from British Airways' Owner IAG, Citing Undervaluation

Aer Lingus, the Irish airline, rejected a takeover bid from IAG, the parent company of British Airways on Thursday asserting that the deal undervalues its worth.

Dec 19, 2014

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BSE closes points 416.44 up on Dec 18

New Delhi, Dec 18 (ANI): Trading at the Bombay Stock Exchange today closed 416.44 points up to stand at 27,126.57. At the National Stock Exchange the Nifty closed 129.50 points up to stand at 8,159.30. POLARIS and DCB BANK were among the top gainers of Group A with an increase of 15.87 % and 15.27% along with TORNT POWER and PAGE INDUSTRIES LTD. with an increase of 12.11% and 11.12% respectively, while the top losers of Group A include PMCFIN and RASOYA PROTEINS LTD. with a decrease 9.09% and 4.52% along with HATHWAY and GUJARAT MINERAL DEVELOPMENT CORPORATION LTD. with a decrease of 3.81% and 3.55% at the close of the markets. The Auto sector is up 398.67 points at 18,416.80 while the banking sector is up 509.33 points at 20,987.38 and the reality sector is up 36.40 points at 1,510.81.The Indian currency is up 0.17% at Rs 63.17 per dollar.

Dec 18, 2014

McDonald's Scaling Back on Its Quarter Pounders, Premium Chicken Sandwiches and Snack Wraps

McDonalds, the fast-food giant, announced on Monday that it would cut down the variety of offerings in its Quarter Pounder with Cheese, Premium Chicken Sandwiches and the Snack Wrap range in some select experimental markets.

Dec 18, 2014

Uber Promises to Invest in Customer Safety Amid Passenger Security Controversies

Uber announced in a blog post on Tuesday that it will invest in passenger security across all its markets.

Dec 18, 2014

Why US Federal Reserve Won't Raise Interest Rates Anytime Soon

The US economy has been mapping a steady growth over the past 11 months.

Dec 18, 2014

GST Bill Set to be Tabled After Cabinet Approval

The Bill is likely to include petroleum within GST, but the Centre would be allowed to impose excise duty on it

Dec 18, 2014

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BSE closes points 94.60 down on Dec 17

New Delhi, Dec 17 (ANI): Trading at the Bombay Stock Exchange today closed 94.60 points down to stand at 26,686.84. At the National Stock Exchange the Nifty closed 44.90 points down to stand at 8,022.70. ABAN and GREAT EASTERN SHIPPING CO.LTD. were among the top gainers of Group A with an increase of 6.07% and 6.01% along with RURAL ELECTRIFICATION CORPORATION LTD. and TORRENT POWER LTD. with an increase of 5.41% and 4.69% respectively, while the top losers of Group A include WOCKHARDT LTD. and PMCFIN with a decrease 10.45% and 10.00% along with BF UTILITIES LTD. and POLARIS with a decrease of 9.66% and 8.02% at the close of the markets. The Auto sector is down 304.97 points at 17,999.93 while the banking sector is up 42.17 points at 20,478.05 and the reality sector is down 23.17 points at 1,475.07. The Indian currency is up 0.16% at Rs 63.63 per dollar.

Dec 17, 2014

Dov Charney Fired! American Apparel Hires New CEO

Dov Charney, the CEO of American Apparel – the hipster clothing brand – has finally been given the boot months after first announcing the sacking. The company has hired fashion executive Paula Schneider, a new woman CEO to head the company.

Dec 17, 2014

China, India and Russia Among Most Corrupt Developing Countries

Some of the biggest developing economies in the world that include China, India and Russia are also the most corrupt, a new report by Global Financial Integrity (GFI), an international corruption watchdog showed.

Dec 17, 2014

Russian Ruble Falls to 16-year Low despite Interest Rate Hike; Putin's Power at Stake?

The Russian ruble fell to a new 16-year low on Wednesday despite the government's frantic efforts to prevent a slide reflecting a possible weakness in Putin's power grip over the region.

Dec 17, 2014

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BSE closes points 538.12 down on Dec 16

New Delhi, Dec 16 (ANI): Trading at the Bombay Stock Exchange today closed 538.12 points down to stand at 26,781.44. At the National Stock Exchange the Nifty closed 152.00 points down to stand at 8,067.60. JET AIRWAYS and HCL TECH were among the top gainers of Group A with an increase of 7.20% and 4.58% along with TCS and CMC with an increase of 3.40% and 2.48% respectively, while the top losers of Group A include PMCFIN and UNITECH with a decrease 19.05% and 10.75% along with JAIN IRRIGATION SYSTEMS LTD and PIPAVAVDOC with a decrease of 9.96% and 9.08% at the close of the markets. The Auto sector is down 299.08 points at 18,304.90 while the banking sector is down 612.41 points at 20,435.88 and the reality sector is down 59.19 points at 1,498.24. The Indian currency is down 0.87% at Rs 63.49 per dollar.

Dec 16, 2014