Business news

Cipla Acquires Biotech Firm Mabpharm; Set to Manufacture Low Cost HIV Drugs for Developing Nations

Meditab Specialities Private Limited (MSPL), a wholly owned subsidiary of Cipla Ltd has informed BSE regarding its acquisition of stake in Mabpharm Private Limited (Mabpharm).

Jul 18, 2014

Indian Rupee, BSE, NSE Decline on Global Risk Aversion and Weak Asian Markets

On Friday, besides the Indian Rupee; BSE Sensex and NSE Nifty opened lower by 2.68 points and 10.2 points, after gaining for the third day on Thursday.

Jul 18, 2014

Top 10 Pharma Deals in Last Five Years

Here's the list of top 10 Pharmaceutical merger and acquisition deals announced in last 5 years. However, the list excludes spin off's.

Jul 18, 2014

BSE Sensex, NSE Nifty Open Flat; Gain Momentum During Trading Hours

The Sensex opened at 25540.92 points versus its previous closing at 25549.72 points, while the Nifty recorded 7612.70 points versus its previous closing of 7624.40 points.

Jul 17, 2014

Google Plus Goes Anonymous: Users Can Now Sign Up Without Real Name

Google Inc. has finally ended a long-standing and deeply unpopular policy that forced users to use their real name when registering for a Google plus account.

Jul 17, 2014

Fox Offered $80 Billion To Buy Time Warner And Was Rejected: Report

Rupert Murdoch's Twenty-First Century Fox Inc. offered $80 billion to buy Time Warner Inc. last month and was turned down by the media giant's board, multiple media outlets reported Wednesday.

Jul 17, 2014

B Ramalinga Raju, founder of Satyam Computer Services Ltd

Satyam Founder Raju Gets 14-Year Ban, to Pay ₹1,849 Crore to Sebi

Sebi banned Satyam founder and other four former executives from markets for 14 years.

Jul 16, 2014

Former Rivals Apple, IBM Announce Deal to Develop 100 Apps

Apple and IBM announced a deal on Tuesday to release over 100 new exclusive mobile applications for the corporate world to target retail, healthcare, banking, travel, transportation and telecommunication sector.

Jul 16, 2014

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BSE closes points 321.07 down on July 16

New Delhi, July 16 (ANI): Trading at the Bombay Stock Exchange today closed 321.07 points up to stand at 25,549.72. At the National Stock Exchange the Nifty closed 97.75 points up to stand at 7,624.40. JP INFRATEC and Financial Tech were among the top gainers of Group A with an increase of 19.86% and 9.99% along with IDFC and Adani Ports with an increase of 8.87% and 8.44% respectively, while the top losers of Group A include Power Finance and REC with a decrease of 5.98% and 4.72% along with LIC Housing Finance Ltd. and South Indian Bank with a decrease of 3.71% and 2.97% at the close of the markets. The Auto sector is up 222.85 points at 15,741.51 while the banking sector is up 426.10 points at 17,479.92 and the realty sector is up 82.61 points at 2,014.51. The Indian currency is 0.07% up at Rs 60.16 per dollar.

Jul 16, 2014

Microsoft on Verge of Trimming Jobs; Nadella Tight Lipped about Layoff

Microsoft Corp is reportedly set to annouce a few job cuts this week with an aim to slim down and unify Nokia Oyj's handset unit.

Jul 16, 2014

The multi-trillion dollar foreign currency markets are currently largely unregulated (Photo: Reuters)

Rupee Dips, Indian Stocks Open on Bullish Note

The Sensex opened 93.52 points higher at 25322.17 points, while the Nifty started its day with surge of 37.5 points at 7564.15 points.

Jul 16, 2014

Project Zero: Google's Team of Bug Hunters Aim to Make the Internet a Safer Place

Earlier this year Hotz uncovered major security flaws in Google's Chrome browser - but instead of taking him to court, Google paid him $150,000 (£87,000) and has now offered him a role within its new bug-hunting team to be known as Project Zero.

Jul 16, 2014

Generic Drugmaker Mylan Inc to Acquire Abbott Labs for $5.3 billion through Tax Inversion

Pharmaceutical company Mylan Inc announced the acquisition of Abbott Laboratories for $5.3 billion on Monday, in markets outside the United States, with an aim to cut their tax bill using tax inversion method.

Jul 15, 2014

Air India Flight Returns to NJ after Engine Catches Fire; A Look at the Airline's Recent Emergency Landings

Air India, a member of Star Alliance group, tends to make emergency landings, mostly due to technical problems.

Jul 15, 2014

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BSE closes points 221.67 up on July 15

New Delhi, July 15 (ANI): Trading at the Bombay Stock Exchange today closed 221.67 points up to stand at 25,228.65. At the National Stock Exchange the Nifty closed 72.50 points up to stand at 7,526.65. Financial Tech and MCX were among the top gainers of Group A with an increase of 10.00% and 9.25% along with Future Retail and Reliance Infrastructure Ltd. with an increase of 9.25% and 7.40% respectively, while the top losers of Group A include Piramal Enterprises Ltd. and CRISIL with a decrease of 9.83% and 4.00% along with Sobha Developers Ltd. and Dr Reddys Lab with a decrease of 2.74% and 2.34% at the close of the markets. The Auto sector is up 214.22 points at 15,518.66 while the banking sector is up 458.18 points at 17,053.82 and the realty sector is up 40.74 points at 1,931.90. The Indian currency is 0.15% down at Rs 60.16 per dollar.

Jul 15, 2014

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