Business news

Coca-Cola, SABMiller Merge Business to Create 'Coca-Cola Beverages Africa'

Beverage giants Coca-Cola and SABMiller have joined forces with packaging firm Coca-Cola Sabco, to form "Coca-Cola Beverages Africa" - the largest Coca-Cola bottler in Africa and the 10th largest in the world.

Nov 27, 2014

China's Growth Model Outdated; Will Current Reforms Save the Economy?

Experts say China's development model is "obsolete" and needs to be replaced "immediately".

Nov 27, 2014

Ali al-Naimi, Saudi Arabian oil minister

OPEC Will Not Cut Oil Output – Saudi Arabia Breaks Silence

Just a day before the Organization of the Petroleum Exporting Countries (OPEC) meets to discuss the rampant oversupply of oil in the global market, leader Saudi Arabia's oil minister suggested that the group will probably not cut oil output.

Nov 27, 2014

Buyers in Coimbatore flock to jewellery stores as gold prices slump

Coimbatore, Nov 26 (ANI): Buyers in Coimbatore flocked to purchase gold as the expensive yellow metal faces a price slump. Gold stood at 26,450 rupees for 10 grams on November 25 and further fell to 26, 355 rupees on November 26. Jewellers say that this phenomenon was due to fluctuations in the international market. Buyers said that they could now stock up on jewellery they otherwise find expensive.

Nov 26, 2014

Coca Cola Now Sells Milk! Invests in Dairy Brand 'FairLife'

Coca Cola has perhaps been the oldest soda and carbonated-drink manufacturer in the world. It diversified into fruit juices, energy drinks and even bottled water. But now, the company has shifted its commercial glare towards milk, investing in "Fairlife" – a diary products company.

Nov 26, 2014

BSE closes points 48.14 up Nov 26

New Delhi, Nov 26 (ANI): Trading at the Bombay Stock Exchange today closed 48.14 points up to stand at 28,386.19. At the National Stock Exchange the Nifty closed 12.65 points up to stand at 8,475.75. GUJRAT GAS and OBEROI REALTY LTD were among the top gainers of Group A with an increase of 16.55% and 7.64% along with TORRENT POWER LTD and DLF with an increase of 7.35% and 7.16% respectively, while the top losers of Group A include RASOYA PROTEINS LTD and KAILASH with a decrease of 4.86% and 4.76% along with FINOLEX CABLES LTD and ZEE LTD with a decrease of 3.95% and 3.93% at the close of the markets. The Auto sector is up 68.70 points at 18,805.38 while the banking sector is down 62.95 points at 20,586.35 and the reality sector is up 64.39 points at 1,660.73. The Indian currency is up 0.04% at Rs 61.84 per dollar.

Nov 26, 2014

Twitter is Making You a Black Friday 'Offer' You Can't Refuse

Twitter, the social media website, is trying to sweeten shopping deals for its American users. The micro-blogging site announced "Twitter Offers" – a new tool where customers can avail cash-back offers just by a simple touch.

Nov 26, 2014

OPEC Likely To Agree on Production Cuts, But Will it Really Work?

OPEC is poised to meet on Thursday in Vienna, Austria, to decide on an oil supply ceiling or a production cut.

Nov 26, 2014

Alibaba Founder Jack Ma Says he is Inspired by Modi's Speech

Ma says he is in favour of more business ties between India and China; and hopeful of more Indian vendors selling products to Chinese users via Alibaba

Nov 26, 2014

China Slaps Microsoft with $140 Million Tax Fine

China has levied a massive $140 million fine on Microsoft Corp for tax evasion in the country, according to reports.

Nov 26, 2014

Twitter CFO Accidentally Tweets Acquisition Plan; Who's it Trying to Buy?

Anthony Noto, the chief financial officer of Twitter accidentally let out the social media company's possible acquisition plan in what is being touted as an epic "DM" fail.

Nov 25, 2014

News Corp Invests $30 Million in Indian Property Website PropTiger.com

News Corp, the Rupert Murdoch-led media giant, has made an investment worth of $30 million on Indian real estate website PropTiger.com.

Nov 25, 2014

BSE closes points 161.49 down on Nov 25

New Delhi, Nov 25 (ANI): Trading at the Bombay Stock Exchange today closed 161.49 points down to stand at 28,338.05. At the National Stock Exchange the Nifty closed 67.05 points down to stand at 8,463.10. AIA ENGINEERING LTD. and RELIGARE were among the top gainers of Group A with an increase of 5.53% and 5.51% along with FINCABLES and SADBHAV with an increase of 5.17% and 5.07% respectively, while the top losers of Group A include INDIA CEMENTS LTD. and NETWORK18 with a decrease of 9.20% and 8.96% along with UNITECH and JPPOWER with a decrease of 8.38% and 8.02% at the close of the markets. The Auto sector is down 201.34 points at 18,736.68 while the banking sector is down 277.90 points at 20,649.30 and the reality sector is down 55.25 points at 1,596.34. The Indian currency is down 0.08% at Rs 61.88 per dollar.

Nov 25, 2014

United Technologies CEO Steps Down Abruptly; CFO to Take Over

Louis Chenevert, the chief executive officer of United Technologies, the multinational conglomerate, stepped down from the post abruptly on Monday, Nov.24, 2014. He has been replaced by Gregory J. Hayes, the Chief Financial Officer and Senior Vice president of the company.

Nov 25, 2014