Business news

Taiwan takes India to WTO over duties on USB drives

India has 60 days to resolve the dispute, or Taiwan could ask the world trade body to adjudicate.

Sep 26, 2015

Gold touches 1-month high, reclaims Rs 27,000 level

Gold prices soared by Rs 400 to end the session at Rs 27,250 per 10 gram.

Sep 25, 2015

Yellen indicates Fed rate hike by year-end

The end of 2015 could finally see a rate hike from the US Federal Reserve, almost nine years after it signalled a regime of low rates in order to help global growth. The Feds chair Janet Yellen on Thursday 24 September, said she was confident of a US recovery amid a sluggish global economy and reiterated plans to withdraw the central banks extraordinary stimulus by year-end as long as inflation was stable and employment levels remained strong.

Sep 25, 2015

India orders probe into Volkswagen after emission test scandal

The US Environmental Protection Agency (EPA) said last week that Volkswagen may need to pay penalties to the tune of $18 billion.

Sep 25, 2015

RBI's Rajan likely to cut repo rate by 25bps next week: Poll

In the previous month, the survey showed 60% probability for such move.

Sep 25, 2015

Volkswagen to name Porsche's Matthias Mueller as new CEO

Germany's transport minister said Volkswagen had manipulated tests in Europe too.

Sep 25, 2015

Flipkart co-founders Bansals new entrants to Forbes India Rich List 2015

In September 2015, Bengaluru-based Flipkart confirmed its valuation at $15.2 billion.

Sep 24, 2015

Flipkart puts its valuation at $15.2 billion (Rs 98,800 crore): Report

Indian e-commerce firms have received flak from various quarters for their unrealistic valuations.

Sep 24, 2015

US court may reopen discrimination case filed against TCS

The court has asked the plaintiffs to file a "second amended complaint" by next Monday.

Sep 24, 2015

Volkswagen CEO Martin Winterkorn quits over emissions scandal

Volkswagen has not named a successor as yet.

Sep 24, 2015

Watch man paralysed for five years walks again using his own brain power

Man suffering complete paralysis in both legs walked nearly 4m using EEG system.

Sep 23, 2015

Forbes India Rich List: Mukesh Ambani, Dilip Shanghvi among top 10 richest Indians

Forbes India has released the list of the top 10 richest people in India.

Sep 23, 2015

Seventh Pay Commission to submit recommendations shortly: Report

Last month, the union cabinet had extended the commission's deadline for submitting the report by four months, to 31 December.

Sep 23, 2015

Market watch: Sensex rebounds by 171 points, gold prices up, rupee firm

Markets pared initial losses, helped by a rebound in European markets.

Sep 23, 2015

VW emissions scandal explained in 60 seconds

IBTimes UK summaries the VW emissions scandal in 60 seconds.

Sep 23, 2015

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