Business news

Nokia to Buy Alcatel-Lucent in $16.6 Billion Takeover

The combined company will have about 114,000 employees and combined sales of around 26 billion euros.

Apr 15, 2015

Markets Keen to Know Dollar Impact on TCS Q4 Results

TCS, India's largest IT firm, already said that its margins would be down 40 basis points in January-March quarter due to currency fluctuations

Apr 15, 2015

Money Talks: Shells bumper BG deal could start wave of oil and gas takeovers

Has a rush to buy up oil and gas companies just started?

Apr 14, 2015

Motorola Moto E (2 Gen) 4G-LTE Pre-Order Service Goes Live on Flipkart; Price, Specifications

India Not among Top 30 Global E-Commerce Markets

India fails to make it to the list of top 30 markets for e-commerce.

Apr 14, 2015

Ricci perfumes heiress found guilty in HSBC tax fraud case

A Paris court found the heiress of the Nina Ricci perfume and fashion business guilty of tax fraud on 13 April, in a high-profile trial prompted by leaked lists of people who used the services of HSBC bank in Switzerland.

Apr 14, 2015

Japanese bank starts using pint-sized robot as bank teller

One of Japans megabanks Bank of Tokyo-Mitsubishi showcased a robot bank teller on 13 April at its downtown Tokyo branch in the hope that the multilingual robot will help foreign customers during the Tokyo Olympics in 2020.

Apr 13, 2015

Current Optimism in Crude Oil Prices is Exaggerated, say Analysts

We believe the optimism among investors vis-à-vis oil is exaggerated, says Commerzbank.

Apr 13, 2015

'S/O (Son of) Sathymurthy' Box Office Collection : Allu Arjun Starrer Crosses $1 Million Mark in US

"S/O (Son of) Satyamurthy' is Samantha Prabhu's fifth movie, after "Attarintiki Daredi", "Seethamma Vakitlo Sirimalle Chettu", "Manam" and "Dokudu".

Apr 13, 2015

Hero Working on Honda Activa's Rival to Boost Sales

Hero MotoCorp seems to be working hard on launching a rival to Honda Motor Co.'s best-selling scooter Activa, as it struggles with slowing demand in the motorcycle segment.

Apr 13, 2015

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New PAN Card Rule for Jewellery Purchases May Lead to Job Losses

The government's proposal to make PAN card mandatory for jewellery purchases above ₹ 1 lakh in cash may lead to contraction in the industry and result in job losses in the sector, says Titan Company MD Bhaskar Bhat.

Apr 11, 2015

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Why Gold is Not a Good Bet This Year

Investors looking to buy gold at current levels should maintain some caution, as many analysts predict the metal prices to head lower by year-end before seeing a recovery from next year.

Apr 11, 2015

Xiaomi Faces Threat from Counterfeits

Revenue loss to Xiaomi as a result of counterfeits to Mi Power Bank is estimated at $115 million.

Apr 11, 2015

Flipkart Big App Shopping Days Sale Begins: Best Deals And Offers On Mobiles And Other Electronics

Flipkart, Snapdeal May Step Back on Discount Offers

The total losses incurred by online retailers as a result of discounts currently stand at almost ₹1,000 crore, says report.

Apr 10, 2015

Shoppers flock to try on the Apple Watch

Consumers in Australia, Tokyo and China flocked to Apple retail stores 10 April to get the worlds first up-close look at CEO Tim Cooks first new major product, which the tech giant expects will be its next runaway hit.

Apr 10, 2015