Business news

Moody's slashes 2016 oil price forecast by $10 to $33 per barrel

Iranian oil will "offset or exceed" nearly 500,000 bpd fall in the US production in 2016, the global rating agency said.

Jan 23, 2016

Viacom cuts Redstone pay due to reduced responsibilities; CEO pay rises

Sumner Redstone, the 92-year-old's Executive Chairman's mental competency has been questioned.

Jan 23, 2016

Chinese Wanda Group to set up $10 billion industrial park in India

The company said the first phase of development of the industrial project, spread across 13 sq km, would begin this year.

Jan 22, 2016

ITC Q3 net profit remains flat, revenues up 3%

The company's Q3 FY2016 net profit was Rs 2,652 crore, up 0.67% from Rs 2,635 crore in Q3 FY2015.

Jan 22, 2016

SpiceJet Q3 reports highest quarterly net profit at Rs 238.40 crore on lower fuel costs

The company had reported a loss of Rs 275 crore in the corresponding quarter last fiscal.

Jan 22, 2016

PF deposits may fetch 9% interest this fiscal

However, the proposal to pay 9% interest needs to be approved by the Central Board of Trustees (CBT) before the Finance Ministry notifies it.

Jan 22, 2016

Interglobe shares plunge on weak Q2 numbers of IndiGo revealed while declaring Q3 results

The results for the seasonally-weak Q2 were disclosed along with Q3 results on Thursday.

Jan 22, 2016

Biocon posts 13% rise in profits to Rs 103 crore for December quarter

It also earned licensing income of Rs 32 crore from monetising its biosimilars portfolio in emerging markets.

Jan 22, 2016

Reliance Jio may launch 4G services across India by April 2016

A Morgan Stanley report made the prediction adding that Reliance Jio may also aim to gain about 131 million customers by 2020.

Jan 22, 2016

Sharp $5.5 billion bailout plan likely to be decided by next weekend

Innovation Network Corporation of Japan is offering to invest $2.6 billion in Sharp.

Jan 22, 2016

Yahoo to decide next strategic steps after quarterly earnings: Sources

Yahoo this month rebuffed several potential buyers for its core Internet assets.

Jan 22, 2016

Japan's Softbank invests Rs 100 crore in Housing.com

The online housing portal was facing a fund crunch that forced it to layoff hundreds of employees to trim costs.

Jan 21, 2016

GoAir opposes dismantling of 5/20 rule that would benefit 'new' airlines

If the 5/20 rule is dismantled, new airlines such as Vistara and AirAsia India will benefit.

Jan 21, 2016

Design in India makes better business sense: Bangalore-based businessman

It's better we supply raw materials and designs for products and manufacture them in local markets in east Asian countries.

Jan 21, 2016

VC firms grow cautious over Indian start-ups

Investors seem to be taking increased scrutiny of their business models.

Jan 21, 2016

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Business news

Moody's slashes 2016 oil price forecast by $10 to $33 per barrel

Viacom cuts Redstone pay due to reduced responsibilities; CEO pay rises

Chinese Wanda Group to set up $10 billion industrial park in India

ITC Q3 net profit remains flat, revenues up 3%

SpiceJet Q3 reports highest quarterly net profit at Rs 238.40 crore on lower fuel costs

PF deposits may fetch 9% interest this fiscal

Interglobe shares plunge on weak Q2 numbers of IndiGo revealed while declaring Q3 results

Biocon posts 13% rise in profits to Rs 103 crore for December quarter

Reliance Jio may launch 4G services across India by April 2016

Sharp $5.5 billion bailout plan likely to be decided by next weekend

Yahoo to decide next strategic steps after quarterly earnings: Sources

Japan's Softbank invests Rs 100 crore in Housing.com

GoAir opposes dismantling of 5/20 rule that would benefit 'new' airlines

Design in India makes better business sense: Bangalore-based businessman

VC firms grow cautious over Indian start-ups

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]