Business news

Gold Sees Longest Weekly Losing Streak in 16 Years

Gold slipped to near 5-1/2-year lows on Friday and was on course for a sixth straight weekly fall, its longest retreat since 1999.

Jul 31, 2015

Maggi Ban: Nestle India Sees First Loss in 17 Years

The company also saw a one-time loss of ₹452 crore in the June quarter.

Jul 30, 2015

GM to invest $1bn in India to boost exports

General Motors (GM) announced a $1bn (£640m) investment in India on 29 July, that over the next few years it hopes will turn India into a global export hub, even as it cuts production capacity in the country due to sluggish demand.

Jul 30, 2015

Mexico: Violence and protests as Uber comes under attack

Taxi drivers in Mexico came out to protest against popular taxi service Uber on 29 July, accusing the company of stealing their business. The protests came just one day after various Uber vehicles were violently attacked by a group of armed men in Mexico City.

Jul 30, 2015

Gold Prices May See Free Fall on US Fed Rate Hike

A Bloomberg News survey showed that the gold prices could fall to $984 an ounce before January next year.

Jul 30, 2015

Paytm to Raise Headcount by 1,900 by March 2016

The new hiring plans by the company will take its total employee base to 5,000 by end-March.

Jul 30, 2015

GM Plans to Invest $1 billion in India; Country to Be Global Export Hub

India is projected to emerge as the world's third-largest passenger vehicle market by 2020, next to China and the US.

Jul 29, 2015

Investigators conclude pilot training fell short in Virgin Galactic crash

Test pilots at the helm of a Virgin Galactic passenger spaceship that crashed last year were unaware of the catastrophic consequences of unlocking the crafts moveable tail section too early because of poor training, investigators probing the fatal accident said on 28 July.

Jul 29, 2015

100K Employees of TCS, Infosys, Wipro Quit Jobs in 4 Quarters

Higher attrition levels of 19%-20% are becoming a 'new normal' for major IT companies.

Jul 29, 2015

Qatar Airways Eyeing Stake in Indigo, Not in SpiceJet: Report

Qatar Airways says the SpiceJet stake sale comments are unfounded and are believed to be deliberately spread to influence share valuations.

Jul 29, 2015

Oil prices Fall over Concerns of Global Oversupply

The Department of Energy's Energy Information Administration will release official U.S. oil inventory data later on Wednesday.

Jul 29, 2015

CCI Orders Rs 420 Crore Penalty on Hyundai for Unfair Trade Practices

The competition watchdog also found Mahindra Reva and Premier Ltd in violation of competitive practices, but did not impose any fine.

Jul 28, 2015

SpiceJet Q1 Profit Skyrockets to Rs 72 Crore, Shares Gain 5%

SpiceJet had reported a net profit of Rs 22.5 crore in the March quarter

Jul 28, 2015

Flipkart Opens Offline Collection Centers for Online Purchases

Flipkart plans to increase the number of collection centres to 100 across the country by March next year.

Jul 28, 2015

RBS Plans to Sell Private Banking Unit to Sanctum Wealth: Report

Shiv Gupta, the current managing director for RBS' private banking operations in India, will head the Sanctum, said a RBS spokesperson.

Jul 28, 2015

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