Business news

Sacked Employees to File Lawsuit against TCS

Sacked employees of TCS, backed by the Forum for IT Employees are contemplating legal recourse in a local court of law.

Jan 8, 2015

SpiceJet Misses December 2014 Salary Payment Deadline

Sources from within the airline reaffirmed that no disruptions are expected for the month.

Jan 8, 2015

Elections 2015: Is Sri Lanka Ready for Peace and 'Inclusive' Democracy?

Even as Rajapaksa and Sirisena fight out the elections, the promise of lasting peace appears like an illusion.

Jan 7, 2015

Verizon Dismisses AOL Acquisition Rumours; Doesn't Rule Out Merger

Verizon Communications Inc., the famous internet service provider, dismissed rumors that it had offered to buy internet media firm AOL but didn't rule out a potential merger with the company.

Jan 7, 2015

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BSE closes points 78.64 down on Jan 7

New Delhi, Jan 7 (ANI): Trading at the Bombay Stock Exchange today closed 78.64 points down to stand at 26,908.82. At the National Stock Exchange the Nifty closed 25.25 points down to stand at 8,102.10. BEL and JUBILANT LIFE SCIENCES LIMITED were among the top gainers of Group A with an increase of 12.38% and 11.11% along with SUZLON and UBL with an increase of 9.20% and 8.35% respectively, while the top losers of Group A include PMCFIN and RASOYA PROTEINS LTD. with a decrease of 4.95% and 4.67% along with IRB and GREAT EASTERN SHIPPING CO.LTD. with a decrease of 4.39% and 4.11% at the close of the markets. The Auto sector is up 0.86 points at 18,546.79 while the banking sector is down 84.32 points at 21,031.53 and the reality sector is down 4.09 points at 1,513.72. The Indian currency is down 0.37% at Rs 63.33 per dollar.

Jan 7, 2015

Potato Crisis: McDonalds in Venezuela Running Short of French Fries

More than a 100 outlets of McDonalds, the popular fast food chain, in Venezuela have run out of potatoes and have temporarily stopped serving French fries.

Jan 7, 2015

Labourers work during the early morning at the construction site of a road in Mumbai January 2, 2015.

Budget 2015/16 Must Induce People To Spend - India Inc To Jaitley

India Inc asks for tax rationalization and gold-backed schemes to help monetize funds for retail and public spending.

Jan 7, 2015

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After huge fall yesterday, stability returning back in stock market: Market Expert

Mumbai, Jan 07 (ANI): Market Expert Sunil Shah on Wednesday said that after a huge fall in the stock market yesterday, it seems like stability is returning back to the global capital markets. Shah also said that the European market opening later in the day will also have a bearing on India's markets. The Bombay Stock Exchange (BSE) Sensex on Tuesday fell 854 points as a tumble in oil prices roiled global markets. The National Stock Exchange (NSE) Nifty also dropped points, opening at below the 8,300 mark. However, Shah said that Indian markets will recover more rapidly than others at the time.

Jan 7, 2015