Business news

Abbott survives leadership challenge

Australian Prime Minister Tony Abbott survived a leadership challenge on Monday following weeks of infighting in his ruling Liberal Party. In a secret ballot party members voted down a motion to

Feb 9, 2015

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Zimbabwe's internet opportunities

Connectivity is climbing in Zimbabwe. Fibre cables are being rolled out bringing the internet into many homes in the capital Harare. Vusi Ndebele founded his IT company - Webdev here over 10 years

Feb 9, 2015

HSBC Admits Swiss Banking Arm Held Accounts For Tax Evaders

"We acknowledge and are accountable for past compliance and control failures," the bank said

Feb 9, 2015

The Plaza, New York, partly owned by the Sahara Group

Mirach Capital Values Sahara's Overseas Hotels at $1.67 bn, Below Market Value

Its offer is seen as crucial to Sahara's efforts to raise funds to secure Subrata Roy's release from jail

Feb 9, 2015

RBI Deputy Governor Directs Lenders to Improve Asset Quality

Reserve Bank of India's Deputy Governor R Gandhi reiterated the central bank's stand on the need for lenders to improve asset quality.

Feb 9, 2015

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Chinese trade in steep slide

Gearing up to ring in the year of the sheep. But beneath the celebrations, China's economic worries are growing. Foreign trade, one of the key drivers of its mammoth economy, has taken a nosedive.

Feb 9, 2015

Banks Seek EOW Probe into ₹15,000 crore Fake Remittances Scam

The Mumbai customs department wrote to the banks that the documents submitted by the importers were fictitious

Feb 9, 2015

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Asia markets wobble on China trade, U.S. jobs

Asian markets start the week on a mixed footing. Strong jobs data out of the U.S. raising hopes while weak economic data out of the China causes worry. That combination led to patchy trade across

Feb 9, 2015

Box Office Collection: 'Yennai Arindhaal' Becomes Ajith's Highest Grosser in US; Beats All Time Record of 'Arrambam'

"Yennai Arindhaal" has grossed $415 K till Saturday beating all time record of Ajith's previous best "Arrambam" which had collected total of $380 K.

Feb 9, 2015

Budget 2015: Govt Mulling Incentives to Individuals, Companies to Boost Savings, Investments

The corporation tax rate is 30 per cent and has remained unchanged for the last seven years

Feb 9, 2015

'Yennai Arindhaal' Second Day Box Office Collection: Ajith Starrer Grosses ₹20.83 Crore in TN

"Yennai Arindhaal" starring Ajith has crossed 20 Crore mark in Tamil Nadu and is now awaiting worldwide box office collection reports.

Feb 7, 2015

No Proposal to Hike Rail Fares at Present: MoS for Railways Manoj Sinha

Railway's Sinha said that there are no proposals currently being considered to hike rail fare. He insisted that details would be out only when the Railway Budget is presented in the Parliament.

Feb 7, 2015

Foodpanda Acquires JustEat India, to Cover More Than 200 Cities

The online food ordering service is now in direct competition with Zomato.

Feb 7, 2015

Budget 2015: Modi Chairs Maiden NITI Aayog Meeting, Discusses Economic Policy Formulation with Noted Economists

The maiden NITI Aayog meeting saw discussions between the PM and economists on attracting investment, boosting domestic savings and the condition of agricultural sector and financing infrastructure.

Feb 7, 2015

Sahara India's Troubles Multiply: Enforcement Directorate Files ₹3,600 Cr FEMA Charges over Luxury Hotel Investment

Sahara India suffered another setback, with the Enforcement Directorate issuing a show cause notice to the group, concerning FEMA violations in the purchase of London-based Grosnover House luxury hotel.

Feb 7, 2015

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