Business news

Sensex falls by 246 points ahead of crucial RBI meeting

Shares of Infosys and Wipro ended in red following a sharp recovery in the rupee.

Sep 28, 2015

Charlize Theron issues a call to action for AIDS prevention

South African-born film star Charlize Theron issued a call to action for HIV and AIDS prevention and used startling statistics about the infection rates among young women and girls. Speaking to a United Nations panel called Ending the AIDS epidemic by 2030 on 27 September. Theron detailed stories from young women and girls she has met.

Sep 28, 2015

IDBI Bank shares gain over 36% on reports of government's stake dilution to 49%

Currently, the central government owns 76.5% stake in the bank.

Sep 28, 2015

Virtusa to buy Polaris in deal worth $350 million: Report

Polaris is expected to finalise the acquirer shortly as "negotiations were fairly advanced," said a source.

Sep 28, 2015

Volkswagen brand value falls by $10 bn after emission test scandal

Volkswagen's rank slipped to fifth position from third spot in a list of top global automotive brands, according to Brand Finance.

Sep 26, 2015

Infosys ceases using bell curve to evaluate employees' performance, attrition falling

Infosys' attrition rate projected to come down to 13% during the July-September quarter.

Sep 26, 2015

Stock market investors' wealth evaporated by Rs 3 lakh crore so far this year

Investors' wealth rose by a massive Rs 28 lakh crore last year.

Sep 26, 2015

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