Business news

Dilip Sanghvi Replaces Mukesh Ambani as Richest Indian

While Ambani is worth Rs 1.38 lakh crore ($22.2 billion), Shanghvi is valued at Rs 1.39 lakh crore ($22.4 billion) at current prices.

Mar 6, 2015

ECB to launch €1tn bond buying scheme on 9 March

The European Central Bank said on 5 March that it will launch into quantitative easing next week having increased its economic growth forecasts for this year and next.

Mar 5, 2015

Ringling Bros. circus to stop elephant acts by 2018

Ringling Bros. and Barnum and Bailey Circus will eliminate its elephant acts - long an integral part of the spectacle billed as The Greatest Show on Earth - by 2018 amid ongoing criticism by animal welfare activists, the circus parent company said on 5 March.

Mar 5, 2015

Shoemaker Crocs delivering by drone

Shoemaker Crocs showed off a possible future alternative to heading out to their store on 5 March as they experimented with drones as a delivery option at a pop-up store.

Mar 5, 2015

McDonalds to drop antibiotics in chicken supply

McDonalds US restaurants will gradually stop buying chicken raised with antibiotics vital to fighting human infections, the most aggressive step by a major food company to change chicken producers practices in the fight against dangerous superbugs.

Mar 5, 2015

US Drug Maker AbbVie Inc to Acquire Cancer Biotech Pharmacyclics for $21 Billion

Pharmacyclics' Imbruvica will now be owned by AbbVie. The drug is a pill devoid of certain serious side effects of chemotherapy.

Mar 5, 2015

Flipkart boasts highest 'online shoppers' traffic, hires ex-Google executive to head product innovation

Indian e-commerce site Flipkart is enjoying the highest 'online shoppers' traffic, per MasterCard survey, but the company's not resting on its laurels.

Mar 5, 2015

RBI rate cut expected to prompt bankers to lower lending rates

RBI has made a surprise cut in repo rate by 25 basis points to bring it down to 7.50 percent. The move could be just what the doctor ordered. RBI governor Raghuram Rajan is confident that commercial banks will respond positively to the repo cut and cut their lending rates.

Mar 5, 2015

Telcos face off at India's biggest wireless spectrum auction to stay alive

India's biggest spectrum auction on Wednesday, Day 1, saw fierce bidding, amounting to INR 60,000 crores. The winners will be announced after the auction is over and the government stands to gain over INR 80,000 crores from this auction.

Mar 5, 2015

Saudis Naimi expects oil market to balance, prices to stabilise

Saudi Arabian Oil Minister Ali al-Naimi said on 4 March, he hoped and expected the oil market to balance and prices, which hit a near six-year low in January, to stabilise.

Mar 4, 2015

International Motor Show: Lamborghini presents the new Aventado Superveloce supercar

Lamborghini presented the new incarnation of their flagship Aventador car at the International Motor Show in Geneva.

Mar 4, 2015

Telecom Auction Kicks off with Focus on Reliance Jio

Intense bidding is expected at India's telecom spectrum auction that begins on 4 March.

Mar 4, 2015

Sensex Crosses 30,000 Points Mark; Nifty Touches Record High

The Reserve Bank of India had earlier cut its key lending rates by 25 basis points.

Mar 4, 2015

RBI Cuts Repo Rate by 25 Basis Points to 7.5 Percent

The cut comes just days after the government and the central bank agreed to formally adopt inflation targeting.

Mar 4, 2015

GSK Sells Australian Opiates Business to India's Sun Pharma

The firms did not divulge the financial details of the deal but said in a statement that they expect to close it by August.

Mar 4, 2015

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Business news

Dilip Sanghvi Replaces Mukesh Ambani as Richest Indian

ECB to launch €1tn bond buying scheme on 9 March

Ringling Bros. circus to stop elephant acts by 2018

Shoemaker Crocs delivering by drone

McDonalds to drop antibiotics in chicken supply

US Drug Maker AbbVie Inc to Acquire Cancer Biotech Pharmacyclics for $21 Billion

Flipkart boasts highest 'online shoppers' traffic, hires ex-Google executive to head product innovation

RBI rate cut expected to prompt bankers to lower lending rates

Telcos face off at India's biggest wireless spectrum auction to stay alive

Saudis Naimi expects oil market to balance, prices to stabilise

International Motor Show: Lamborghini presents the new Aventado Superveloce supercar

Telecom Auction Kicks off with Focus on Reliance Jio

Sensex Crosses 30,000 Points Mark; Nifty Touches Record High

RBI Cuts Repo Rate by 25 Basis Points to 7.5 Percent

GSK Sells Australian Opiates Business to India's Sun Pharma

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