Business news

Onex Buying Swiss Packaging Group SIG for $4.66 Billion

Onex Corp, the Canadian private equity firm, announced on Monday that it would be acquiring SIG Combibloc Group AG, the Switzerland-based packaging giant for a deal worth $4.66 billion.

Nov 24, 2014

'To Cut or not to Cut' - All Eyes on OPEC as Oil Prices Tumble

As oil prices continue to tumble southwards, the world is awaiting a "supply cut" decision from the Organization of Petrol Exporting Countries (OPEC), which is poised to meet on Thursday in Vienna, Austria.

Nov 24, 2014

Black Friday 2014 Shopper's Guide; Find The Working Hours For The Stores Around You

Thanksgiving Turning into Black Friday? Why Stores are Unveiling Deals One Day Before Epic Sale

In a bid to ramp up sales and meet customer demand, several American retailers are expediting their deals meant to roll out on Black Friday, the great shopping event, to Thanksgiving Day.

Nov 24, 2014

2015-16 Union Budget to be People Friendly? Jaitley Decides Not to Burden Middle Class

Jaitley is looking for a people-friendly budget by keeping the middle class free of tax burden.

Nov 23, 2014

Future Group Acquires Nilgiris Chain for Rs 300 Crore

Future Consumer Enterprise Ltd., the FMCG arm of Future group, has acquired Nilgiris dairy Farm Pvt Ltd., the South Indian convenience stores chain for a deal worth INR 300 Crore.

Nov 22, 2014

How China's Clever Interest Rate Cut Gets Markets Excited; Will it Help the Economy?

The People's Bank of China (PBOC), the country's central bank, cut long term lending rates by 40 base points on Friday to buoy its faltering economy as a measure to avoid the hard market crash threatening the country. It also reduced its one-year deposit rate by 0.25 percent to 2.75 percent.

Nov 22, 2014

'Essential to Bring Back Inflation' – ECB Chief Expanding Bond-Buying Program

Mario Draghi, the head of the European Central Bank declared on Friday that they were committed to expanding their bond-buying program in order to stoke inflation and bring it back on track.

Nov 22, 2014

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BSE closes points 267.07 up on Nov 21

New Delhi, Nov 21 (ANI): Trading at the Bombay Stock Exchange today closed 267.07 points up to stand at 28,334.63. At the National Stock Exchange the Nifty closed 75.45 points up to stand at 8,477.35. NETWORK18 and Sanofi India Ltd were among the top gainers of Group A with an increase of 8.21% and 6.26% along with SOUTHBANK and TV18 BROADCAST with an increase of 5.48% and 5.42% respectively, while the top losers of Group A include RASOYA PROTEINS LTD and ESSAROIL with a decrease of 9.92% and 7.48% along with BAJAJ ELECTRICALS LTD. and BALRAMPUR CHINI MILLS LTD. with a decrease of 5.98% and 5.28% at the close of the markets. The Auto sector is up 102.34 points at 18,925.28 while the banking sector is up 478.83 points at 20,683.54 and the reality sector is up 1.85 points at 1,625.20. The Indian currency is down 0.15% at Rs 61.84 per dollar.

Nov 21, 2014

US Existing Home Sales Surge in October Crossing Year-Over-Year Gains

Existing home sales in the United States rose for the second consecutive month in October 2014, crossing year-over-year gains for the first time, according to The National Association of Realtors (NAR).

Nov 21, 2014

India to Invest $4 Billion in Power industry to Wipe Out Theft Problem

The Indian Power Ministry announced on Thursday that it will invest $4 billion (INR 25,300 crore) in the power industry to roll out a new metering system and upgrade power distribution networks around the country to help tackle the power theft issue.

Nov 21, 2014

Kotak Mahindra Buying ING Vysya for $2.4 Billion All-Stock Deal

Kotak Mahindra Bank Ltd., the fourth-largest private bank in India, announced on Thursday that it has struck a deal to acquire ING Vysya bank for an all-stock deal worth $2.4 billion.

Nov 21, 2014

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BSE closes points 34.71 up on Nov 20

New Delhi, Nov 20 (ANI): Trading at the Bombay Stock Exchange today closed 34.71 points up to stand at 28,067.56. At the National Stock Exchange the Nifty closed 19.60 points up to stand at 8,401.90. BAJAJ HOLDINGS and INVESTMENT LTD. and GUJARAT GAS CO.LTD. were among the top gainers of Group A with an increase of 7.77% and 7.40% along with KOTAK MAHINDRA BANK LTD. and ING VYSYA BANK LTD. with an increase of 7.28% and 7.15% respectively, while the top losers of Group A include RASOYA PROTEINS LTD and AMARA RAJA BATTERIES LTD with a decrease of 9.95% and 6.22% along with SHREE RENUKA SUGARS LTD and JAIPRAKASH ASSOCIATES LTD with a decrease of 5.68% and 5.22% at the close of the markets. The Auto sector is down 84.35 points at 18,822.94 while the banking sector is up 74.11 points at 20,204.71 and the reality sector is down 25.00 points at 1,623.35. The Indian currency is up 0.06% at Rs 62.00 per dollar.

Nov 20, 2014