Business news

DoD wants govt to halve disinvestment target to Rs 30,000 crore: Report

So far this year, the government has raised Rs 12,600 crore by selling its stake in four PSUs.

Oct 27, 2015

Crude oil prices fall further on oversupply concerns

Oil prices could get support from short covering if investors think the Fed will take a dovish view.

Oct 27, 2015

AP govt cuts tax on cheap liquor to raise income by Rs 2000 crores

The state will increase its income by Rs 2,000-3,000 crore this year.

Oct 26, 2015

China: Revotek releases worlds first 3D blood vessel bio-printer

The Chinese company Revotek released the worlds first 3D blood vessel bio-printer on Sunday (25 October). With two nozzles working alternatively, the bio-printer can finish a 10cm blood vessel within two minutes.

Oct 26, 2015

United Phosphorous Ltd Q2 net profit rises by 59%

The company posted a net profit of Rs.320.91 crore for the quarter ended 30 September.

Oct 26, 2015

Sensex ends 108 points lower on profit-booking

An interest rate cut by Chinese authorities failed to boost market sentiments.

Oct 26, 2015

BSNL, MTNL in talks with private players for spectrum sharing: Report

Sharing spectrum with the two government-owned telcos is expected to assist private operators to address rising call drop issues.

Oct 26, 2015

Investments in oil poised to decline further, says IEA director

Global oil demand growth will drop from 1.8 mb/d in 2015 to 1.2 mb/d in 2016.

Oct 26, 2015

Peugeot Citroen posts 3.2 percent rise in 3Q revenue despite China slowdown

Recovering European demand shielded the carmaker from the worst of a slowdown in China sales.

Oct 26, 2015

Bharti Airtel Q2 net profit soars on data usage, beats estimates

In August, Airtel said it would price its 4G services at existing 3G costs, and the carrier is allowing some users to migrate to 4G for free.

Oct 26, 2015

Wipro likely to extend CEO Kurien's term by at least one year: Report

The expert said the extension of Kurien's term will provide the company's chairman, Azim Premji, and the board more time to scout for a new CEO.

Oct 26, 2015

Indian e-commerce market to triple to $12 billion this year

Amazon sales have increased four-fold this year, as it tripled the number of sellers on its platform.

Oct 26, 2015

Oracle goes into aggressive mode, launches new cloud platforms

A slew of innovative moves to take on its main cloud computing rivals Amazon and Microsoft.

Oct 26, 2015

US expands probe into Deutsche Bank's Moscow breach of sanctions

The regulatory probe involving trades worth $6 billion has to do with sanctions against Russia.

Oct 26, 2015

Tax department to launch project for scrutiny assessment by email

This will see select taxpayers assessed without calling them to its offices.

Oct 25, 2015

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