Business news

US Shale Oil Boom Fading as OPEC Keeps Supply Unchanged

EIA predicts oil production at North Dakota's Bakken and Texas's Eagle Ford – the two largest shale plays - will decline by 1.3 percent.

Jun 9, 2015

Snapdeal to Challenge Paytm in Digital Bill Payments Space

The digital bill payments market is about ₹7.4-lakh crore annually.

Jun 9, 2015

Apple announces new streaming music service

Apple launched Apple Music on Monday (8 June), a $9.99-a-month streaming music service that may not differ dramatically from competitors but comes with Apples deep music roots, global brand and hundreds of millions of iTunes customers.

Jun 9, 2015

Vedanta Plans to Merge Cairn India to Trim Debt

The stock price of oil Cairn India slumped over 4% on Tuesday over concerns that such a merger will erode shareholders' wealth.

Jun 9, 2015

Qatar Airways CEO sees no need for concessions to US airlines

In an interview at the International Air Transport Association (IATA) annual meeting in Miami Beach, Qatar Airways CEO Akbar Al Baker said there is no need to change previously agreed upon government transportation policies.

Jun 9, 2015

HSBC to Axe 25,000 Jobs Globally in a Major Cost Reduction Move

The latest reduction in workforce will see nearly 10% layoffs from its current employee strength.

Jun 9, 2015

Sun TV Shares Drop 26% on NSE after MHA Denies Security Clearance to 3 of its Channels

The Home Ministry has denied the renewal of broadcasting license of Sun TV Network's 33 channels.

Jun 8, 2015

Nestle in Mess: Goa, Karnataka Ban Sale of Maggi Noodles Until Further Notice

The ban on Maggi noodles will be effective from 8 June in both the states.

Jun 7, 2015

Adani, Reliance to Build Bangladesh Power Plants

The plants will come up at a combined cost of $4.5 billion.

Jun 6, 2015

Reliance Power to Set up $3 billion Gas-Based Plant in Bangladesh

Reliance Power will use the equipment it had contracted for its Samalkot project in Andhra Pradesh.

Jun 6, 2015

Stock Markets Post Worst Weekly Losses Since December 2011

The Sensex has declined by 2.7 percent so far this year.

Jun 6, 2015

ICICI, Kotak Downgrade Nestle India Stock

The brand holds 72 percent (by volume) of the instant noodle market in India and contributes about 30 percent to its net sales.

Jun 6, 2015

Top 10 Most Profitable Indian Companies [PHOTOS]

Mukesh Ambani-led Reliance Industries Ltd (RIL) was the most profitable company in the country in the last fiscal year.

Jun 6, 2015

Opec keeps oil output policy unchanged

The Organization of the Petroleum Exporting Countries (Opec) agreed to stick by its policy of unconstrained output for another six months on Friday (5 June).

Jun 5, 2015

IMF debt payment delay by Greece a negotiating tactic

Greek Economy Minister George Stathakis on Friday (5 June) said that Greeces decision to transfer all debt payments to the International Monetary Fund due in June in one batch at the end of the month, was not a sudden decision but had been on the table for quite some time.

Jun 5, 2015