Business news

Gold on Course to Post Losses for Sixth Straight Week for First Time Since 1999

The losses were fuelled by a positive economic data in the US.

Jul 31, 2015

Gold Sees Longest Weekly Losing Streak in 16 Years

Gold slipped to near 5-1/2-year lows on Friday and was on course for a sixth straight weekly fall, its longest retreat since 1999.

Jul 31, 2015

Maggi Ban: Nestle India Sees First Loss in 17 Years

The company also saw a one-time loss of ₹452 crore in the June quarter.

Jul 30, 2015

GM to invest $1bn in India to boost exports

General Motors (GM) announced a $1bn (£640m) investment in India on 29 July, that over the next few years it hopes will turn India into a global export hub, even as it cuts production capacity in the country due to sluggish demand.

Jul 30, 2015

Mexico: Violence and protests as Uber comes under attack

Taxi drivers in Mexico came out to protest against popular taxi service Uber on 29 July, accusing the company of stealing their business. The protests came just one day after various Uber vehicles were violently attacked by a group of armed men in Mexico City.

Jul 30, 2015

Gold Prices May See Free Fall on US Fed Rate Hike

A Bloomberg News survey showed that the gold prices could fall to $984 an ounce before January next year.

Jul 30, 2015

Paytm to Raise Headcount by 1,900 by March 2016

The new hiring plans by the company will take its total employee base to 5,000 by end-March.

Jul 30, 2015

GM Plans to Invest $1 billion in India; Country to Be Global Export Hub

India is projected to emerge as the world's third-largest passenger vehicle market by 2020, next to China and the US.

Jul 29, 2015

Investigators conclude pilot training fell short in Virgin Galactic crash

Test pilots at the helm of a Virgin Galactic passenger spaceship that crashed last year were unaware of the catastrophic consequences of unlocking the crafts moveable tail section too early because of poor training, investigators probing the fatal accident said on 28 July.

Jul 29, 2015