Business news

Volkswagen to layoff 30,000 people in 5 years

Volkswagen is planning the job cuts in bid to boost profitability and to provide funding for electric cars.

Nov 18, 2016

Life Insurance Corporation LIC premium insurance bima diamond plan money back

LIC likely to improve market share by end of this fiscal

With 31 percent rise in premium collections in April-October period, LIC is likely to surpass last fiscal's growth figures.

Nov 18, 2016

Reliance Industries, GE ink agreement to foray into industrial IoT

The two companies will work together to build joint applications on GE's Predix platform.

Nov 18, 2016

e-commerce , credit card, online shopping

LimeRoad posts huge loss in FY 2016: Report

Sales grew 173 percent to Rs 42.6 crore during fiscal year 2015-16, from Rs 15.61 crore a year earlier

Nov 18, 2016

TCS to convene EGM next month to remove Cyrus Mistry as director

Last week, Tata Sons had replaced Cyrus Mistry with Ishaat Hussain as the chairman of TCS.

Nov 18, 2016

Asian markets outside Japan trade lower on 21 November

Asian shares slip as dollar appreciates

The post-election shift in expectations has left Asian stocks vulnerable to investors.

Nov 18, 2016

Rupee dives deep to touch 68 mark on US Fed statement

US Federal Reserve chairman Janet Yellen believes the economic indicators justify a rate hike 'relatively soon.'

Nov 18, 2016

hannover reinsurance india irdai five companies swiss munich scor players insurance in india booming

Global reinsurers likely to begin Indian operations soon

Insurance regulator IRDA has asked five global insurers along with one Indian private insurer to bring in capital before giving its final nod for starting Indian operations.

Nov 17, 2016

Amid business slowdown, Singapore Airlines cuts 12% of pilot jobs

The carrier is reducing the number of pilots either by offering voluntary no-pay leave or through other movements.

Nov 17, 2016

Tata Steel's debt declines marginally in July-September quarter

However, analysts say the company may not be able to pare debt aggressively due to falling operating income.

Nov 17, 2016

Are British telecoms a good investment?

Despite recent strong results for both Vodafone and TalkTalk, there are reasons to be cautious before investing in British telecoms companies.

Nov 17, 2016

I'm pretty boring when it comes to clothes: Tommy Hilfiger

The designer's wardrobe comprises 50 white shirts, 50 chinos, 50 pairs of jeans, and some navy and grey suits.

Nov 17, 2016

SBI Life Insurance posts 5% rise in net profit at Rs 428 crore in H1 of FY17

Currently, India's life insurance market is dominated by public sector life insurer Life Insurance Corporation of India (LIC) with around 48 percent market share.

Nov 17, 2016