Business news

Key Reasons Why Crude Oil Prices Plunged to 7-month Lows

Brent crude oil prices have slumped by over 29 percent since 1, June, 2015.

Aug 21, 2015

Banks to Remain Closed on Second and Fourth Saturdays From September 1

Banks will only be shut on on second and fourth Saturdays even if a month has a fifth Saturday.

Aug 21, 2015

BlackBerry's Staff Count Shrinks by Three-Fourths in India, Many Seniors Quit

There are only 15 employees working for BlackBerry in India.

Aug 21, 2015

Sensex Tanks 240 Points as Worries Over China's Growth Intensify

Vedanta stock prices were down 3.4% to Rs 95.20.

Aug 21, 2015

Railway Man Ashwani Lohani Takes Over Charge of Ailing Air India

Lohani was responsible for turning Delhi's Ashoka Hotel profitable.

Aug 20, 2015

Onion Prices: Poor Monsoon Rainfall May Push Prices Further

The Delhi government is supplying onions at subsidised rate of Rs 30/kg.

Aug 20, 2015

SpiceJet Rolls Out 'Freedom to Fly' Discount Offer, Fares Start at Rs 799; 1 Lakh Seats Offered Under Scheme

The offer will be available for three days starting from 20 August, 2015, for travel between 25 August, 2015 and 26 March, 2016.

Aug 20, 2015

Qantas to expand fleet after rapid profit turnaround

Qantas Airways posted one of the fastest turnarounds in Australian corporate history with a return to full-year profit and said it will buy eight fuel-efficient Boeing Co 787-9 Dreamliner jets, enabling it to fly the longest routes possible.

Aug 20, 2015

Rising Duster, Lodgy Inventory May Force Renault Nissan India to Cut 3,000 jobs

The company has decided to cut the output by 50% at the plant near Chennai.

Aug 20, 2015

Reliance, Airtel, Vodafone, Get RBI Nod to Open Payments Banks

A payments bank is not allowed to lend to customers like commercial banks.

Aug 20, 2015

Employees evacuated from Amazon warehouse due to hazardous material scare

Dozens of Amazon employees were evacuated from a Phoenix warehouse 19 August due to concerns about hazardous materials. Bomb and fire crews were dispatched to the facility after an employee noticed a suspicious bulge on the side of a 55-gallon drum container with pressurised butane gas inside of it.

Aug 19, 2015

EPFO to Re-Examine Online PF Withdrawal After SC's Ruling on Aadhaar

EPFO is also examining a proposal to enable its subscribers file for PF withdrawal without the intervention of the employer

Aug 19, 2015

Tata Opportunities Fund to Buy Stake in Uber, to Become Second Indian Firm to Invest in US Cab Aggregator

In March, Uber had reportedly said that it would get a funding of "well under" Rs 100 crore from Times Internet.

Aug 19, 2015

Godrej HIT Announces Nationwide Awareness Campaign on Dengue, Malaria

The HIT Van will cover more than 20 cities and demonstrate how HIT - Track the Bite app can help them be informed and safe from Dengue.

Aug 19, 2015

Sensex to End the Year at 26,900, Yuan Devaluation to Weigh: HSBC

"The delay in passage of key legislations such as GST and the Land Bill has kept investor sentiments subdued," says HSBC

Aug 19, 2015

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