Business news

Hindalco posts 30.38 percent rise in Q2 net profit on higher production

Ramping up of production raised its net revenue from operations.

Nov 10, 2015

Short coverings dent markets, Sensex closes 392 points down

BJP's rout in the Bihar election affected the sentiment negatively.

Nov 10, 2015

Volkswagen moves to appease angry customers, authorities

Car-maker offers $1,000 credit to owners of affected cars, tries to placate authorities.

Nov 10, 2015

Vodafone says it has started preparations for IPO of Indian unit

British telecom giant talks of plan that has been delayed by a long-running tax dispute with India.

Nov 10, 2015

Chinese yuan to become international currency by 2020: Central Bank Governor

Reforms will include improving central bank communications and guiding market expectations to improve monetary policy.

Nov 10, 2015

SeaWorld to phase out theatrical Orca whale shows

SeaWorld announced plans on Monday (9 November) to phase out the signature orca whale show at its San Diego park next year, after long-running criticism of its treatment of the captive marine mammals. The move, which follows a vote by the California Coastal Commission last month barring the park from continuing to breed killer whales, or orcas, in captivity, was announced during a webcast company presentation to investors and the media.

Nov 10, 2015

Inflation climbs up in October, factory output slowed in September

Consumer prices are expected to have risen 4.82 percent in October from a year earlier.

Nov 10, 2015

Australia: Adani coal mine faces legal challenge

On 15 October, Australian Environment Minister reissued an environmental permit for construction of the mine.

Nov 10, 2015

As profit slows down, Indian companies struggle to escape debt burden

963 Indian companies are in a debt of $640 billion, more than 40 percent of India's GDP.

Nov 10, 2015

GE, Alstom win $5.6 billion contract to supply locos to Indian Railways

It is one of the largest awarded contracts to foreign firms since India allowed 100% FDI last year.

Nov 10, 2015

Gold stuck near three-month low as U.S. interest rate hike looms

The metal faces more weakness in the near term, analysts say.

Nov 10, 2015

IndiGo surges 12 per cent from IPO price in market debut

Its IPO was subscribed over six times driven by strong demand.

Nov 10, 2015

Oil prices unlikely to return to $80 by 2020: International Energy Agency

The IEA estimates investment has already fallen by 20% this year.

Nov 10, 2015

60 second Startup guide: How to optimise email campaigns

60 second Startup guide: How to optimise email campaigns

Nov 9, 2015

GlaxoSmithKline: British pharmaceutical giant marks 300th anniversary

In 300 years GSK has grown from a small pharmacy to a multinational corporation.

Nov 9, 2015

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