Business news

Greece: what now after whirlwind week?

A familiar scene of Greek protest. This, though, just on Thursday night. Part hope - but much anger, at Germany's unreadiness to do deals on debt. Alexis Tsipras is defiant too as his new

Feb 6, 2015

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U.S. adds 257,000 jobs last month

Employers added lots of jobs last month and gave their workers fatter paychecks despite signs of a slowdown in growth. Payrolls rose by 257,000. That's much more than expected. That was the 11th month

Feb 6, 2015

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Siemens wields axe, but little blood

The axe is dropping at Siemens. Europe's biggest engineering company has announced it's slashing 7,800 jobs worldwide. That's about 2 percent of its global workforce. Siemens has been implementing

Feb 6, 2015

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South Africa's power struggles

Power cuts in South Africa have become a fact of life. Electricity is in high demand but short in supply. The country's main utility firm Eskom has introduced scheduled, rolling blackouts to ease

Feb 6, 2015

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China slams U.S. for cyber hacking allegation

ROUGH CUT (NO REPORTER NARRATION) Beijing on Friday (February 6) slammed the allegation made by the United States that China had a possible link to a cyberattack on its insurance company Anthem Inc.

Feb 6, 2015

Sahara: Forged Letter Spoils Efforts to Secure Subrata Roy's Release

Bank of America denied issuing any letter to Mirach Capital Group

Feb 6, 2015

'Yennai Arindhaal' Opening Day Box Office Collection: AjithStarrer Beats Vikram's 'I'; Fails to Break 'Kaththi', 'Lingaa' Records in TN

Ajith starrer gets massive opening in Tamil Nadu and Kerala but fails to beat box-office collection of Vijay's "Kaththi" and Rajinikanth's "Lingaa"

Feb 6, 2015

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BSE closes points 133.06 down on Feb 6

New Delhi, Feb 6 (ANI): Trading at the Bombay Stock Exchange today closed 133.06 points down to stand at 28,717.91 at the National Stock Exchange the Nifty closed 50.65 points down to stand at 8,661.05. BHUSHAN STEEL LTD. and HDIL were among the top gainers of Group A with an increase of 11.96% and 8.30% along with INDIA CEMENTS LTD. and PMCFIN with an increase of 5.25% and 4.95% respectively, while the top losers of Group A include CEATLTD and PTC with a decrease of 7.09% and 6.46% along with APOLLOTYRE and JAMMU and KASHMIR BANK LTD. with a decrease of 5.93% and 5.87% at the close of the markets. The Auto sector is down 541.95 points at 19,051.97, while the banking sector is down 277.77 points at 21,535.42 and the reality sector is down 11.37 points at 1,746.32. The Indian currency is up 0.03% at Rs 61.75 per dollar.

Feb 6, 2015

Defence Production Reforms Will be Ready Soon, Says Parrikar

He says 'proper' laws should be framed for defence projects

Feb 6, 2015

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Africa: debt crisis looming?

Debt crisis. It's a phrase Europe has made its own in recent history. Could it be Africa's turn next? SOUNDBITE (English) JUDITH TYSON, AUTHOR, OVERSEAS DEVELOPMENT INSTITUTE, SAYING: ''The risk

Feb 6, 2015

Global Bodies Lined up for Funding Infrastructure Development: Arun Jaitley

Arun Jaitley told industrialists that the expected infra boom would witness a combination of funding, which would see significant participation from international bodies.

Feb 6, 2015

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Robots to dominate Chinese labor

Robots taking over China's factory floors. And by 2017, there will be more in production plants here than in any other country in the world. (SOUNDBITE) (English) REUTERS REPORTER, JANE LANHEE LEE,

Feb 6, 2015