Business news

Honeywell International

United Tech rejects Honeywell's $90.7 billion offer

The two companies sparred publicly about a deal that, if realized, would create one of the largest U.S. companies with almost $100 billion in annual sales.

Feb 27, 2016

Mark Zuckerberg: No place for migrant hate speech on Facebook

Facebooks Mark Zuckerberg said that he understood the need to stamp out hate speech against migrants on the worlds biggest social network, and that the networks privacy policies would be changed. The move follows a charm offensive in Germany, where the company he co-founded has faced criticism for months from politicians and regulators over its privacy practices and a slow response to anti-immigrant postings by neo-Nazi sympathisers.

Feb 26, 2016

Colors Swarigini Popular Hindi GECs

Colors dethrones Star Plus to claim top slot among Hindi GECs after three weeks

The weekly ratings, measured by BARC India, have an impact on advertising decisions of broadcasters and companies.

Feb 26, 2016

Flipkart

Flipkart closes its groceries delivery app

Flipkart had launched the app as an experiment in October 2015.

Feb 26, 2016

Bombay Stock Exchange BSE indian stock markets equitas holdings small bank

Sensex spurts on Economic Survey's optimistic projection for FY17

The Economic Survey's projection of a growth between 7 and 7.75 percent for FY2017 is in line with the advance estimate of 7.6 percent released last month.

Feb 26, 2016

Amazon

Amazon India hires top managers to expand its business scope: Report

In a bid to compete with Flipkart and Snapdeal, the company has hired its top crop from diverse backgrounds in the last three months.

Feb 26, 2016

Patanjali products

Patanjali beats Cadbury, Colgate to become India's top brand for fourth straight week

Patanjali Aurved is into FMCG business and is promoted by India's yoga guru Baba Ramdev.

Feb 26, 2016

Foxconn

Sharp, Foxconn CEOs plan to meet Friday in China: Source

Sources said, previously undisclosed liabilities were responsible for 11th hour delay.

Feb 26, 2016

Vijay Mallya steps down from Diageo-owned firm

In April 2015, the United Spirits board began a process to remove Mallya as its chairman due to alleged financial irregularities

Feb 26, 2016

Asia shares inch ahead as G20 talks, oil holds gains

German Finance Minister declared that the scope for monetary and fiscal policy was exhausted globally and called for more structural reform.

Feb 26, 2016

Budget 2016 expectations: Consumers want lower import duty on smartphones

Consumers expect the finance minister to cut customs and excise duties to make smartphones affordable.

Feb 25, 2016

Indian Railways

Railway budget presents electrification orders worth Rs 20,000 crore: KEC

However, KEC said that financing of these projects is the main concern.

Feb 25, 2016

Indian Railways parked trains

Rail Budget 2016: First firm step towards Indian Railways' corporatisation among key business takeaways

The world's fourth-largest rail network has lined up a slew of initiatives that have huge business potential.

Feb 25, 2016

Food subisdy

Budget 2016: Food ministry wants $20B in subsidies for next fiscal

A Reuters report said the finance ministry still has to settle an outstanding food subsidy bill of about Rs 560 billion.

Feb 25, 2016

BSE Building new

Rail Budget 2016-17: Shares of wagon, coach-makers decline; KEC spurts

The less-than-expected capital outlay of Rs 1.21 lakh crore for FY2017 dampened sentiments for railway stocks.

Feb 25, 2016

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