Business news

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Markets close on a cheerful note on FII buying, global cues

The 30-share index rallied around 500 points intraday and closed Thursday trade with spectacular gains on bullish investors' sentiments.

Dec 8, 2016

Drug that stops the spread of cancer has been developed

A study shows that tumour cells are dependent on fat to start metastasis: the process through which cancer spreads from one part of the body to another. It is one of the aspects of the disease that makes it so deadly – indeed, it is the reason behind 90% of human cancer deaths. The way in which cancer spreads is extremely complex.

Dec 7, 2016

Donald Trump wins Time Person of the Year

President-elect Donald Trump has been awarded Time Person of the Year for 2016. Time magazine honours those that have the biggest political and/or cultural impact throughout that year. The divisive Trump has also divided Twitter with some in horror, others supporting the decision, but many just making jokes about The Donald winning.

Dec 7, 2016

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Bharat Electronics, ECIL bag order to supply EVMs

Of the two companies, Bharat Electronics Ltd. (BEL) is a defence PSU listed on stock exchanges.

Dec 7, 2016

ToneTag allows cashless payments through feature phones

ToneTag provides accessible solutions to demonetisation issue by allowing its users to make payments via feature phones.

Dec 7, 2016

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NTPC strikes black gold in Jharkhand

In a statement on Wednesday, state-run power producer NTPC says coal production will shortly commence from the Jharkhand mines.

Dec 7, 2016

What is next for oil prices after Opec?

Opecs surprise decision to cut oil production by 1.2 million barrels per day has boosted the crude oil price. Financial columnist Edmund Shing asks whats next for the oil industry and whether now is a good time to invest in companies dealing with crude.

Dec 7, 2016

What is next for oil prices after Opec?

Dec 7, 2016

What Christmas dinner looks like around the world

Many countries throughout the world celebrate Christmas, but the food each one eats at Christmas dinner ranges from turkey to roasted reindeer.

Dec 7, 2016

Indian consumption story intact despite demonetisation: Morgan Stanley

According to Ridham Desai of Morgan Stanley, it's time to switch to equities from bonds as equities have potential for huge upside over the medium term.

Dec 7, 2016

Sun Pharma shares slide over USFDA observations on Halol unit

An observation letter is usually issued to a drug manufacturing unit in case of violations of existing US norms.

Dec 7, 2016

Samsung wins US Supreme Court fight with Apple in $399 million patent appeal

The US Supreme Court has sided with Samsung saying the company does not have to pay its entire profit from sales of the disputed products.

Dec 7, 2016

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Sensex cracks after RBI's status quo on repo rate; Sun Pharma tanks 6%

Indian equities fell sharply after the RBI left the key policy rates unchanged amid ongoing cash crunch after demonetisation.

Dec 7, 2016

Microsoft's $26.2 billion acquisition of LinkedIn cleared by EU commission

Microsoft announced in June this year that it would buy LinkedIn Corp in an all-cash transaction for $26.2 billion

Dec 6, 2016

Russia: The blood of our soldiers is on USA, Britain and France

The Russian Ministry of Defence has strongly condemned a deadly attack on a Russian mobile hospital in Aleppo, blaming the USA, the UK and France. On 5 December a Russian mobile hospital was hit by mortar fire, killing a female Russian medical worker and injuring other workers and civilians. In the video statement a ministry spokesman blames the attack on insurgents of the opposition, not al-Nusra militants encircled by the Syrian army in eastern Aleppo.

Dec 6, 2016