Business news

SpiceJet Announces New Offer; Fares Start at ₹2,999

SpiceJet announced yet another discount scheme aimed at moping up cash through advance bookings during the lean period.

Feb 19, 2015

Eros International and Studio Green Acquire Worldwide Rights for Suriya-Nayanthara Starrer 'Masss'

"Masss" that has Suriya and Nayanthara in the lead is directed by Venkat Prabhu.

Feb 19, 2015

Make in India: Bharat Forge-Rafeal JV to Manufacture Spike Anti-Tank Missile in Hyderabad

Kalyani Group will hold 51% in the joint venture with the rest vesting with Rafael and will manufacture the Apike anti-tank missile for the Indian Armed Forces

Feb 19, 2015

US Federal Authorities Probe Mirach's 'Forged' Letter to Sahara India

Federal Authorities have began investigating Mirach Capital's alleged forged BofA letter to Sahara India in connection to their deal on boutique hotels.

Feb 19, 2015

'Yennai Arindhaal' Box Office Collection: Ajith Starrer Enters All-Time Top 10 Tamil Grossers Overseas

With the third week of "Yennai Arindhaal' coming ahead, industry analysts hope that the latest Ajith starrer would break "Arrambam" records

Feb 19, 2015

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Student loans taking a bite out of housing

The housing market has not been stellar. Housing starts fell two percent in a report on Wednesday a day after a decline in builder sentiment. One reason for housing's lackluster performance: rising

Feb 19, 2015

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Stocks shave Tuesday's gains after Fed minutes

The Dow and S&P 500 ticked slightly lower Wednesday - investors trying to sort out the minutes from the last Federal Reserve meeting which highlighted policymakers' desire to keep interest rates lower

Feb 19, 2015

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"All I saw was smoke and people running" -Exxon Mobil refinery worker

An explosion and fire ripped through a gasoline processing unit at an Exxon Mobil refinery near Los Angeles Wednesday. Four workers sustained minor injuries. A small ground fire following the

Feb 19, 2015

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HSBC Swiss office raided

This won't be the most dramatic raid on a bank you'll ever see - but the implications of it could be enormous. Geneva's public prosector, Yves Bertossa, making his way to the lakeside offices of HSBC

Feb 18, 2015

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Greece alone on ''loan agreement''?

Greek prime minister Alexis Tsipras meets with the country's president Karolos Papoulias. It comes ahead of a Greek vote for a new president. But Tsipras had more pressing issues on his mind.

Feb 18, 2015

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Profit surges at Hilton, Hyatt

More travelers paying higher rates for rooms drove revenue and profit sharply higher at HIlton Worldwide. Business travel spurred by the strong U.S. economy drove up occupancy at the owner of the

Feb 18, 2015

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Sachin Tendulkar launches BMW i8 sports car

Mumbai, Feb 18 (ANI): Cricket legend, Sachin Tendulkar, launched the new BMW i8 hybrid sports car in showbiz capital Mumbai on Wednesday. The i8 is the first car from BMW 'I' series that is introduced to the Indian car market. The car will be sold in Mumbai, New Delhi and Chennai only and is the first BMWs sports and hybrid car. The car is powered by a 1.5 -litre turbo petrol engine (231bhp) and a 131bhp electric motor, which together produce 362bhp of power. This engine comes mated to a six-speed StepTronic transmission. Running on battery power, it achieves a top speed of 120 km/hr and will travel only for 35 kilometres at one go.

Feb 18, 2015

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Record migration tests EU policy stance

A helping hand for migrants arriving in Sicily after a dangerous voyage from North Africa. Europe must give refuge where it's needed. That's one argument. The other is that it's a burden too big to

Feb 18, 2015

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Hungary Putin deal raises EU questions

Muted applause, but warm handshakes, as Hungary and Russia sign a new gas deal. An accord that sees Vladimir Putin agree to keep supplying gas to Hungary, extending a contract that was due to expire

Feb 18, 2015