Business news

Xiaomi Confirms $1.1 Billion Funding and $45 Billion Valuation

Xiaomi, the largest smartphone maker of China, confirmed on Monday that it has managed to raise $1.1 billion in its latest round of funding.

Dec 30, 2014

Shake Shack Files for IPO; Will Go Public to Raise $100 Million

The burger giant reportedly filed for an Initial Public Offering with the US Securities and Exchange Commission on Monday.

Dec 30, 2014

A farm worker next to the Tata Motor's mothballed plant in West Bengal

Modi's Land Acquisition Reforms are Industry-Friendly but Farmers Feel Ripped Off

The ambitious agenda belies complex and worrisome socio-economic issues.

Dec 30, 2014

Brent Crude Prices Fall to Five-Year Lows at $57 Despite Libyan Output Disruption

Brent Crude prices slid to a new five-year low hovering at $57 on Tuesday even though output disruptions in Libya put a temporary hold on the global supply glut.

Dec 30, 2014

People travelling in a tractor in rural India

Over 10 Crore Bank Accounts Opened under Jan Dhan Yojana a Month Before Deadline

The Pradhan Mantri Jan Dhan Yojana scheme has seen 10 crore account opened a month before the deadline

Dec 29, 2014

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BSE closes points 153.95 up on Dec 29

New Delhi, Dec 29 (ANI):Trading at the Bombay Stock Exchange today closed 153.95 points up to stand at 27,395.73. At the National Stock Exchange the Nifty closed 45.60 points up to stand at 8,246.30. ABAN and RELIGARE were among the top gainers of Group A with an increase of 17.27% and 10.78% along with GPPL and IL&FS Transportation Networks Ltd with an increase of 8.76% and 6.66% respectively, while the top losers of Group A include PMCFIN and PAGE INDUSTRIES LTD with a decrease of 6.83% and 4.98% along with RASOYPR and INFRATEL with a decrease of 4.70% and 2.93% at the close of the markets. The Auto sector is up 279.28 points at 18,734.41 while the banking sector is down 31.58 points at 21,221.72 and the reality sector is up 10.01 points at 1,543.95. The Indian currency is down 0.18% at Rs 63.68 per dollar.

Dec 29, 2014

No Pressure on RBI To Cut Rates, Insists Jaitley

The finance minister has denied pressurizing the RBI Governor to cut rates, after his reference to 'high cost of capital' sent the markets soaring in the expectation of a rate cut.

Dec 29, 2014

Commerce and Industry Minister Nirmala Sitharaman on the right

FDI rises 25% in April to October to $17.35 bn, Says Nirmala Sitharaman

The nation has witnessed foreign direct investment raise by 25%

Dec 29, 2014

Allianz Jinxed? After MH370 and MH317, Company Confirms It is Lead Insurer to Missing AirAsia Flight; Could Take $100 mn Hit in Claims

Allianz SE, the German multinational financial services company, confirmed on Monday that it was the lead re-insurer for the AirAsia flight that went missing on Sunday. Agencies believe the payout could cost more than $100 million.

Dec 29, 2014

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Business news

Xiaomi Confirms $1.1 Billion Funding and $45 Billion Valuation

Shake Shack Files for IPO; Will Go Public to Raise $100 Million

Modi's Land Acquisition Reforms are Industry-Friendly but Farmers Feel Ripped Off

Brent Crude Prices Fall to Five-Year Lows at $57 Despite Libyan Output Disruption

Over 10 Crore Bank Accounts Opened under Jan Dhan Yojana a Month Before Deadline

BSE closes points 153.95 up on Dec 29

No Pressure on RBI To Cut Rates, Insists Jaitley

FDI rises 25% in April to October to $17.35 bn, Says Nirmala Sitharaman

Allianz Jinxed? After MH370 and MH317, Company Confirms It is Lead Insurer to Missing AirAsia Flight; Could Take $100 mn Hit in Claims

Sources: Modi Govt Eyes Surplus Land of PSUs for New Infra, Manufacturing Projects

Vijay Mallya's Kingfisher Airlines Set to Lose Flying Licence on 31 December

AirAsia Shares Plummet to Three-Year Low on Missing Flight Incident

RBI Governor Raghuram Rajan Questions Govt's Farm Debt Waiver Schemes

US-Russia Trade Improves Despite Sanctions

No Flip-Flops on Interest Rate, says Rajan; Will Wait for Inflation to Stabilise