Business news

Future Group Acquires Nilgiris Chain for Rs 300 Crore

Future Consumer Enterprise Ltd., the FMCG arm of Future group, has acquired Nilgiris dairy Farm Pvt Ltd., the South Indian convenience stores chain for a deal worth INR 300 Crore.

Nov 22, 2014

How China's Clever Interest Rate Cut Gets Markets Excited; Will it Help the Economy?

The People's Bank of China (PBOC), the country's central bank, cut long term lending rates by 40 base points on Friday to buoy its faltering economy as a measure to avoid the hard market crash threatening the country. It also reduced its one-year deposit rate by 0.25 percent to 2.75 percent.

Nov 22, 2014

'Essential to Bring Back Inflation' – ECB Chief Expanding Bond-Buying Program

Mario Draghi, the head of the European Central Bank declared on Friday that they were committed to expanding their bond-buying program in order to stoke inflation and bring it back on track.

Nov 22, 2014

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BSE closes points 267.07 up on Nov 21

New Delhi, Nov 21 (ANI): Trading at the Bombay Stock Exchange today closed 267.07 points up to stand at 28,334.63. At the National Stock Exchange the Nifty closed 75.45 points up to stand at 8,477.35. NETWORK18 and Sanofi India Ltd were among the top gainers of Group A with an increase of 8.21% and 6.26% along with SOUTHBANK and TV18 BROADCAST with an increase of 5.48% and 5.42% respectively, while the top losers of Group A include RASOYA PROTEINS LTD and ESSAROIL with a decrease of 9.92% and 7.48% along with BAJAJ ELECTRICALS LTD. and BALRAMPUR CHINI MILLS LTD. with a decrease of 5.98% and 5.28% at the close of the markets. The Auto sector is up 102.34 points at 18,925.28 while the banking sector is up 478.83 points at 20,683.54 and the reality sector is up 1.85 points at 1,625.20. The Indian currency is down 0.15% at Rs 61.84 per dollar.

Nov 21, 2014

US Existing Home Sales Surge in October Crossing Year-Over-Year Gains

Existing home sales in the United States rose for the second consecutive month in October 2014, crossing year-over-year gains for the first time, according to The National Association of Realtors (NAR).

Nov 21, 2014

India to Invest $4 Billion in Power industry to Wipe Out Theft Problem

The Indian Power Ministry announced on Thursday that it will invest $4 billion (INR 25,300 crore) in the power industry to roll out a new metering system and upgrade power distribution networks around the country to help tackle the power theft issue.

Nov 21, 2014

Kotak Mahindra Buying ING Vysya for $2.4 Billion All-Stock Deal

Kotak Mahindra Bank Ltd., the fourth-largest private bank in India, announced on Thursday that it has struck a deal to acquire ING Vysya bank for an all-stock deal worth $2.4 billion.

Nov 21, 2014

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BSE closes points 34.71 up on Nov 20

New Delhi, Nov 20 (ANI): Trading at the Bombay Stock Exchange today closed 34.71 points up to stand at 28,067.56. At the National Stock Exchange the Nifty closed 19.60 points up to stand at 8,401.90. BAJAJ HOLDINGS and INVESTMENT LTD. and GUJARAT GAS CO.LTD. were among the top gainers of Group A with an increase of 7.77% and 7.40% along with KOTAK MAHINDRA BANK LTD. and ING VYSYA BANK LTD. with an increase of 7.28% and 7.15% respectively, while the top losers of Group A include RASOYA PROTEINS LTD and AMARA RAJA BATTERIES LTD with a decrease of 9.95% and 6.22% along with SHREE RENUKA SUGARS LTD and JAIPRAKASH ASSOCIATES LTD with a decrease of 5.68% and 5.22% at the close of the markets. The Auto sector is down 84.35 points at 18,822.94 while the banking sector is up 74.11 points at 20,204.71 and the reality sector is down 25.00 points at 1,623.35. The Indian currency is up 0.06% at Rs 62.00 per dollar.

Nov 20, 2014

GM, Apple and Ford Score Full 100 on Corporate Equality Index on LGBT Acceptance

In the latest edition of Human Rights Foundation's Corporate Equality Index (CEI), several Fortune Top-20 companies including General Motors, Apple Inc and Ford Motor Company scored a complete 100.

Nov 20, 2014

Japan's Exports Improve in October; is 'Abenomics' Really Working?

Japan's exports index rose to the highest level in eight months in October after the economy slid into recession a three months ago

Nov 20, 2014

Infosys BPO Overbilled Apple? After CFO Sacking, Six More Could Face Axe

The irregularities in Infosys BPO's dealings with Apple came out during an internal audit.

Nov 20, 2014

'Uber' Stalker: General Manager of Uber New York to be Investigated for 'Tracking' on 'God View'

Earlier, Uber's senior vice president Emil Michael was caught making offensive and hostile comments towards journalists at a dinner party

Nov 20, 2014

Gurgaon-Based Zomato Expands Globally; Now Valued at $660M

The funding of Zomato, popular online restaurant search and discovery service, quadruples in a year.

Nov 20, 2014

Exclusive: 30 Years on from Bhopal Gas Tragedy, Dow Chemical Shareholders Demand Justice

the reputational damages the company is facing are excluding it from a burgeoning Indian chemical market that is growing by 17% per year, having a serious commercial impact on Dow Chemical's business.

Nov 20, 2014

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BSE closes points 130.44 down on Nov 19

New Delhi, Nov 19 (ANI): Trading at the Bombay Stock Exchange today closed 130.44 points down to stand at 28,032.85. At the National Stock Exchange the Nifty closed 43.60 points down to stand at 8,382.30. AJANTA PHARMA LTD. and AMARA RAJA BATTERIES LTD. were among the top gainers of Group A with an increase of 8.44% and 8.39% along with SRF and MANAPPURAM with an increase of 8.21% and 7.27% respectively, while the top losers of Group A include RASOYA PROTEINS LTD and PETRONET with a decrease of 9.89% and 5.43% along with DELTACORP and CENTURYTEX with a decrease of 5.40% and 5.05% at the close of the markets. The Auto sector is down 122.11 points at 18,907.29 while the banking sector is down 131.94 points at 20,130.60 and the reality sector is down 16.56 points at 1,648.35. The Indian currency is up 0. 3% at Rs 61.92 per dollar.

Nov 19, 2014

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