Business news

$8 million Mitsubishi factory set up in Karnataka to make metro rail, trains

Mitsubishi opened its third Indian plant at Bidadi near Bengaluru to make transportation systems for metro rail and trains.

Nov 28, 2015

Russia returns as investor's playfield after 2014's oil price collapse, business sanctions

This represents recovery after a horrific 2014 that saw the Rouble crash by 40%.

Nov 28, 2015

HSBC whistleblower Herve Falciani sentenced to 5 years in prison

He may not serve time in a Swiss prison as France does not extradite its own citizens.

Nov 27, 2015

'Bajirao Mastani' vs Shah Rukh Khan starrer 'Dilwale': Will the clash hit Eros stock?

Eros said that it would release "Bajirao Mastani" in Tamil and Telugu versions also.

Nov 27, 2015

Saudi Arabia: Bad PR effort fuels riyal devaluation rumours

Bankers said that capital city Riyadh has the available tools to protect the country as low oil prices push the current account.

Nov 27, 2015

India's oil imports seen rising despite plans to up domestic output

India's reliance on foreign oil will jump from 80 percent to 90 percent by 2040.

Nov 27, 2015

HTC launches mid-range smartphones in India, eyes 8% share of affordable segment

The company does not have a presence in the sub-Rs 10,000 mid-range segment as of now.

Nov 27, 2015

Markets extend gains on hopes of Parliament approval for GST bill

The Sensex hit an intra-day high of 26,185.

Nov 27, 2015

High-level panel soon to tackle banks' bad loans, says official

NPAs is a matter of concern and the government is vigilant in this regard, he added.

Nov 27, 2015

E-commerce giant Alibaba in talks with SCMP group to buy assets: Sources

Some journalists at the South China Morning Post welcomed the news, saying Ma had a reputation for treating staff well.

Nov 27, 2015

WTO talks deadlocked as ministers prepare to meet in December

The ministers are scheduled to meet in Nairobi on 15 December and disagree on a worldwide package of trade reforms.

Nov 27, 2015

Housing.com set to fire more employees to raise funds: Report

Terminated employees are still confused over equity donated by founder and ex-CEO Rahul Yadav, who was fired in July.

Nov 27, 2015

Airbus: Animation shows how detachable plane cabin patent would work

French aircraft maker Airbus has come up with a new way to shave off turnaround time between flights: detachable cargo compartments. The US patent office released details of the removable cabins, which could be swapped in and out of an aircraft to increase efficiency for boarding passengers. The concept would also allow planes to fly more frequently, with less time sitting and waiting on the ground.

Nov 27, 2015