Business news

Twitter apologises to developers and seeks to improve relations

In his second public appearance since being named Twitterâ€™s permanent chief executive earlier this month, Jack Dorsey on Wednesday apologized to the developers who work with the social media company to create apps. His admission came as he begins a turnaround effort at Twitter, which has struggled with user growth and attracting advertising dollars, while taking public his mobile payments company, Square, by the end of this year.

Oct 22, 2015

YouTube unveils $10 paid video service without ads

Alphabet Incs YouTube will launch a $10-a-month subscription option in the United States on 28 October that lets viewers watch videos from across the site without interruption from advertisements, the company said on Wednesday (21 October). Starting early next year, the service called YouTube Red will add exclusive shows and movies from top YouTube creators including PewDiePie, Lilly Singh and The Fine Brothers.

Oct 22, 2015

HDFC Bank Q2 net profit zooms over 20% on rise in loan growth

However, the bank's net interest margin (NIM) was down 10 bps to 4.2% in the quarter.

Oct 22, 2015

Ferrari shares climb high in impressive market debut

Limiting the offering to a 10 percent stake helped parent Fiat Chrysler Automobiles to squeeze out value.

Oct 22, 2015

EU orders Netherlands to recover $34m from Starbucks

The European Commission ruled on Wednesday (21 October) that Starbucks and Fiat benefited from illegal tax deals with the Dutch and Luxembourg governments, in cases with major implications for the taxation of multinational companies.

Oct 21, 2015

SpiceJet tops other carriers in load factor for September

The airline had a market share of 12.3% in September.

Oct 21, 2015

Govt raises monthly bonus calculation ceiling to Rs 7,000 from Rs 3,500

The government wants the changes to be effective from 1 April, 2015

Oct 21, 2015

Sensex ends flat, quarterly earnings weigh

Among the BSE sectoral indices, Realty was the biggest loser followed by Capital Goods.

Oct 21, 2015

NYT and Google join hands, launch a Virtual Reality venture

Millions of NYT subscribers will receive free virtual reality headsets that can be used to watch Virtual Reality films.

Oct 21, 2015

Sports Direct is our share tip of the week â€“ 5 reasons to invest

Edmund Shing explains why Sports Direct is the best high street outfit to invest in right now.

Oct 21, 2015

Impossible to unlock new iPhones, Apple tells US court

Accessing data stored on a locked iPhone "impossible" with devices using latest OS.

Oct 21, 2015

Call drop penalty norms fraught with glitches, warn analysts

It ignores issues like technical hurdles, poor spectrum policy and obstacles in roll-out of towers.

Oct 21, 2015

Reliance Capital to buy Goldman Sachs' Indian funds arm

Goldman Sachs' India onshore arm currently manages 12 mutual fund schemes.

Oct 21, 2015

Reliance Capital to acquire Goldman Sachs' asset management business in India

Goldman Sachs' India onshore arm currently manages 12 mutual fund schemes, including some 10 exchange-traded funds.

Oct 21, 2015

ONGC targets $10-$12 billion foreign oil and gas investments

ONGC Videsh Ltd hopes to capitalise on cheaper assets after a slump in oil prices.

Oct 21, 2015

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