Business news

Maldives Water Crisis: Business Takes Hit as Water Shortage Enters Fourth Day

Business in Maldives, the honeymoon islands, is hard hit as the water crisis entered its fourth day on Monday.

Dec 8, 2014

N.R. Narayana Murthy, Chairman Emeritus of Infosys

Infosys Plunges on Promoters' Share Sale News: Where is a Billion Dollar to be Invested?

Four promoters of Infosys to raise $1.1 billion. No word yet on where the funds are going to be reinvested.

Dec 8, 2014

Infosys Shares Fall as Founders said to Sell Shares

Infosys was down 3.6 percent to 1,996.30 rupees as of 9:25 a.m.

Dec 8, 2014

Centre Clears Long Pending Defence Proposals, Indigenous Companies allowed Foreign Partners For Tech Transfer

Many proposals for local production and import of defence equipment see light of day after years of wait.

Dec 6, 2014

White Label ATM Operators can Serve International Customers, Says RBI

RBI allows white label ATMs to offer services to holders of international debit, credit and prepaid cards and these ATMs are free to choose any bank to partner with.

Dec 6, 2014

2015 US Housing Market Outlook: Steady Economic Recovery to Fuel Real Estate Growth

The U.S. housing market is expected to grow significantly in 2015 as the economy adds more jobs and wage improve for most households.

Dec 6, 2014

Uber Starts Operating in Portland Without City Approval

Uber, the ride-sharing service, started operating in Portland, Oregon, on Friday without the approval of city officials. The app begun working at 5.00 pm and drivers were immediately able to offer rides, without any prior permission from the authorities.

Dec 6, 2014

World Bank Team Visits India to Help Improve Country's 'Doing Business' Ranking

A team of experts from the World Bank Group are visiting India, to study and offer suggestions to help improve the business climate in the country and suggest macroeconomic reforms.

Dec 6, 2014

Bebe Fashion Stores Confirm Credit Card Breach

Bebe Stores Inc, the American women's fashion retailer, confirmed on Friday that some of its stores had been hit with a data breach exposing credit and debit card information of several customers.

Dec 6, 2014

SBI To Raise $300 million Through Bond Issue: Coupon Set at 3.95%

SBI to issue $300mn worth bonds through its London branch; to list at SIX Swiss Exchange

Dec 6, 2014

Disinvestment: SAIL Stake Sale Fetches ₹ 1,715 Crore; ONGC, Coal India in Line

The Narendra Modi government's maiden disinvestment initiative is a success, 5% stake sale in state-run SAIL nets ₹1,715 crore. Prospects for offloading stakes in other PSUs brighten.

Dec 6, 2014

SpiceJet Denies Being Put on Cash-and-Carry Mode by AAI

SpiceJet Denies its Credit Facility Revoked by AAI

Dec 5, 2014

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BSE closes points 104.72 down on Dec 5

New Delhi, Dec 5 (ANI): Trading at the Bombay Stock Exchange today closed 104.72 points down to stand at 28,458.10. At the National Stock Exchange the Nifty closed 26.10 points down to stand at 8,538.30. PIIND and NCC were among the top gainers of Group A with an increase of 15.56% and 12.67% along with PIPAVAVDOC and MONSANTO INDIA LTD. with an increase of 9.99% and 7.12% respectively, while the top losers of Group A include SIEMENS and RTNPOWER with a decrease 5.15% and 4.56% along with IDEA and SUZLON with a decrease of 4.25% and 4.20% at the close of the markets. The Auto sector is down 13.35 points at 19,350.30 while the banking sector is down 19.87 points at 21,481.61 and the reality sector is up 19.71 points at 1,712.20. The Indian currency is up 0.07% at Rs 61.88 per dollar.

Dec 5, 2014

India Poised to Grow Faster Than China From 2016, Says Goldman Sachs

Goldman Sachs chief India economist Tushar Poddar expects India's growth to overtake China starting 2016. Structural reforms could provide further impetus.

Dec 5, 2014

Uber Raises $1.2 Billion in Fresh Funding, Firm Now Valued at $40 Billion

Uber, the San Francisco-based ride-sharing service, has raised $1.2 billion in its latest round of funding, which pegs the value of the company at $40 billion.

Dec 5, 2014

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