Business news

Narendra Modi holds monthly meetings to revive stalled projects

Prime Minister Narendra Modi has set an ambitious goal of making India one of the 50 most business-friendly destinations in the world by 2017.

Oct 30, 2015

Saudi Arabia: Energy subsidy cut to test the country's pain threshold

The International Monetary Fund forecast that the Saudi budget could blow out to 20% GDP this year.

Oct 30, 2015

Ban on Maggi noodles makes Nestle India bottom line take 60 percent hit

Nestle reported a 60 percent fall in its net profit and 32 percent fall in its net sales for Q3.

Oct 29, 2015

Sensex falls 202 points on renewed fears over US Fed rate hike in December

Expiry of October derivative contracts also weighs on market sentiment.

Oct 29, 2015

Edmund Shing: Microsoft and Amazon lead cloud computing crescendo

Edmund Shing says online upstarts Netflix, Airbnb and Uber are fueling demand for cloud computing.

Oct 29, 2015

Bank of Tokyo-Mitsubishi UFJ opens Islamic finance business in Dubai

Large Asian lenders are increasingly seeing Islamic finance as a way to tap liquidity in south-east Asia and the Gulf.

Oct 29, 2015

Govt clears Rs 4,722 crore worth FDI proposals

FDI proposals of Cipla Health Limited and Apollo Hospitals Enterprise Limited were rejected.

Oct 29, 2015

Samsung unveils $9.9-billion share buyback; Q3 profit rebounds

The maker of the Galaxy-series of handsets and tablets said third-quarter operating profit jumped 82 percent to $6.5 billion.

Oct 29, 2015

Reliance Jio aims for 100 million users in 12 months of 4G launch

Mukesh Ambani wants the target to be attained in the first 100 days.

Oct 29, 2015

US unwilling to sign free trade deal with UK outside of EU, says trade czar

At the end of 2017, British voters will decide if UK stays within the EU.

Oct 29, 2015

Aequs sets up joint venture with Precihole to boost growth in oil and gas

The new facility will come up at its SEZ in Belagavi to leverage Precihole's vast experience and specialisation in the field of Deep Hole Drilling (DHD).

Oct 29, 2015

GoAir considering IPO worth $150 million

It was early to say whether the company would sell new shares or existing shareholders, bankers said.

Oct 29, 2015

Spectre: Bond to be a money spinner for brand sponsors too

James Bond is back, and companies such as Belvedere vodka, Gillette shavers and Heineken have paid undisclosed sums for product tie-ins with Spectre in sponsorships that one marketing specialist says are cinemas version of the Olympics.

Oct 28, 2015