Business news

Yahoo! Lays Off 400 India Staff but Offers US Jobs to Some

The company would consolidate "certain teams into fewer offices" in Bangalore, its second largest engineering facility outside US.

Oct 8, 2014

International Gold Price should Bottom around $1,100 per Ounce

The US economy added 248,000 jobs in September, which marked the 48th straight month of job creation.

Oct 7, 2014

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BSE closes points 296.02 down on Oct 7

New Delhi, Oct 7 (ANI): Trading at the Bombay Stock Exchange today closed 296.02 points down to stand at 26,271.97. At the National Stock Exchange the Nifty closed 93.15 points down to stand at 7,852.40. GMRINFRA and APOLLOTYRE were among the top gainers of Group A with an increase of 12.08% and 6.04% along with HATHWAY and SCI with an increase of 5.34% and 5.29% respectively, while the top losers of Group A include DEN and CYIENT with a decrease of 8.54% and 7.93% along with PETRONET and POLARIS with a decrease of 6.27% and 6.00% at the close of the markets. The Auto sector is down 129.45 points at 17,590.42 while the banking sector is down 178.83 points at 17,359.74 and the reality sector is down 19.88 points at 1,551.36. The Indian currency is up 0.32% at Rs 61.41 per dollar.

Oct 7, 2014

Indian Army T-90 tanks on parade for Republic Day in February 2008. / REUTERS

Honeywell Adds Precision to Indian-made Weapons

India will soon produce its first tactical weapons guidance device under licence from the US Honeywell.

Oct 6, 2014

Gold Sinks to Lowest in 15 Months on Robust US Data

Platinum touches its lowest since 2009, silver falls to its weakest since 2010, and palladium hits an 8-month low.

Oct 6, 2014

Amazon CEO Jeff Bezos Calls on Modi before Mark Zuckerberg's India Visit

Bezos, who is in India for a visit, had earlier termed India an amazing country, which is full of opportunities and boasts of people who are hard-working, vibrant and have a zest to succeed.

Oct 4, 2014

Vijay Mallya to Lose USL Chairmanship? Diageo Sends Stern Warning Over Loan Defaults

Diageo has informed global shareholders that Mallya's chairmanship is subject to 'the absence of defaults'.

Oct 2, 2014

Diesel Rate Set to be Cut by ₹1, Petrol by ₹1.75

Diesel and petrol prices are being cut down after five years as the international oil market has softened.

Sep 30, 2014

Hyderabad Brews: Tata Starbucks Expands to Sixth City in India

The store has come up in upmarket Jubilee Hills and is the first in Hyderabad and the 58th in India.

Sep 30, 2014

RBI Keeps Rates Unchanged to Maintain Financial and Price Stability

Consumer price index-based retail inflation eased to 7.8 percent in August from 8.59 percent in April. Wholesale price index (WPI) inflation has also eased to 3.74 percent in August from 5.55 percent at the start of the current fiscal.

Sep 30, 2014

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Market Experts say RBI keeping repo rate unchanged at 8% expected due to inflation

New Delhi, Sep 30 (ANI): After Reserve Bank of India Governor Raghuram Rajan left repo rate unchanged at 8 per cent, Market Experts on Tuesday said that the decision was expected due to risk of inflation. Rajan has decided to keep the interest rate unchanged and said that 2016 CPI target of 6% is at risk. Akash Jindal said that RBI seems to be giving importance on reduction of inflation as interest rates are not changed. Market Expert Nirav Vakharia also supported the decision over the aforesaid risk. Rajan on uesday issued his fourth bi-monthly credit policy review.

Sep 30, 2014

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Business leaders hail Modi's move to bring fresh investments

New Delhi/Ahmedabad, Sep 29 (ANI): Business leaders on Monday (September 29) hailed Prime Minister Narendra Modi's move as he met the CEOs of 11 top US companies in a bid to lure fresh foreign investments. Indian business leaders have high expectation from Modi's meeting with tycoons. Secretary General of The Associated Chambers of Commerce and Industry of India (ASSOCHAM), DS Rawat said that Modi is giving clear signal for investment in India. Secretary General, of Federation of Indian Chambers of Commerce and Industries (FICCI) Dr Alwyn Didar Singh said that the move will be a real game changer. President of Gujarat Chambers of Commerce and Industries Rakesh Shah said steps taken by the prime minister will grow industries, ventures and employment in the country which lead to strengthen economy.

Sep 30, 2014