Business news

Mercedes-Benz to provide 55 luxury sedans to ferry dignitaries

The top of the class E 250 CDI sedans will be first used during the India Africa Forum Summit October 26-29.

Oct 22, 2015

Western Digital announces acquisition of SanDisk for $19 billion

This helps transform Western Digital into a storage solution company on a global scale.

Oct 22, 2015

Singapore's Sembcorp sets eyes on China, India for renewables

Sembcorp plans to focus on wind and solar energy, where costs are expected to drop further by 2020.

Oct 22, 2015

Festive demand for gold slumps despite jewellers promising good deals

It's a bad sign for a period when buying is typically strong.

Oct 22, 2015

GM ties up with Amazon to launch Chevrolet Trailblazer in India

Oct 22, 2015

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