Business news

Reliance Entertainment to Partner Phantom Films

The company said this will be a 50:50 joint venture to create a powerful new force in Indian cinema.

Mar 8, 2015

Having Talks with Indian States on New Factory: Samsung

Samsung Electronics Co Ltd plans to build a third manufacturing plant in the country.

Mar 7, 2015

Dilip Sanghvi Replaces Mukesh Ambani as Richest Indian

While Ambani is worth Rs 1.38 lakh crore ($22.2 billion), Shanghvi is valued at Rs 1.39 lakh crore ($22.4 billion) at current prices.

Mar 6, 2015

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ECB to launch €1tn bond buying scheme on 9 March

The European Central Bank said on 5 March that it will launch into quantitative easing next week having increased its economic growth forecasts for this year and next.

Mar 5, 2015

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Ringling Bros. circus to stop elephant acts by 2018

Ringling Bros. and Barnum and Bailey Circus will eliminate its elephant acts - long an integral part of the spectacle billed as The Greatest Show on Earth - by 2018 amid ongoing criticism by animal welfare activists, the circus parent company said on 5 March.

Mar 5, 2015

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Shoemaker Crocs delivering by drone

Shoemaker Crocs showed off a possible future alternative to heading out to their store on 5 March as they experimented with drones as a delivery option at a pop-up store.

Mar 5, 2015

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McDonalds to drop antibiotics in chicken supply

McDonalds US restaurants will gradually stop buying chicken raised with antibiotics vital to fighting human infections, the most aggressive step by a major food company to change chicken producers practices in the fight against dangerous superbugs.

Mar 5, 2015

US Drug Maker AbbVie Inc to Acquire Cancer Biotech Pharmacyclics for $21 Billion

Pharmacyclics' Imbruvica will now be owned by AbbVie. The drug is a pill devoid of certain serious side effects of chemotherapy.

Mar 5, 2015

Flipkart boasts highest 'online shoppers' traffic, hires ex-Google executive to head product innovation

Indian e-commerce site Flipkart is enjoying the highest 'online shoppers' traffic, per MasterCard survey, but the company's not resting on its laurels.

Mar 5, 2015

RBI rate cut expected to prompt bankers to lower lending rates

RBI has made a surprise cut in repo rate by 25 basis points to bring it down to 7.50 percent. The move could be just what the doctor ordered. RBI governor Raghuram Rajan is confident that commercial banks will respond positively to the repo cut and cut their lending rates.

Mar 5, 2015

Telcos face off at India's biggest wireless spectrum auction to stay alive

India's biggest spectrum auction on Wednesday, Day 1, saw fierce bidding, amounting to INR 60,000 crores. The winners will be announced after the auction is over and the government stands to gain over INR 80,000 crores from this auction.

Mar 5, 2015

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Saudis Naimi expects oil market to balance, prices to stabilise

Saudi Arabian Oil Minister Ali al-Naimi said on 4 March, he hoped and expected the oil market to balance and prices, which hit a near six-year low in January, to stabilise.

Mar 4, 2015