Business news

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

Chinese shares slump pulling down other Asian stocks alongside

China is trying to reduce leveraged financing risk in its stock markets after a summer plunge.

Nov 27, 2015

GAIL joins hands with ISRO to ensure pipeline security

The deal will enhance pipeline security through an eye in the space.

Nov 27, 2015

Wealth of India's super rich to double by 2020, says study

The HNIs are also expected to see their wealth growing faster than the wealth of their Chinese counterparts.

Nov 27, 2015

UK house prices: Are Osbornes plans helping to turn around the situation for first time buyers?

The Help to Buy: ISA scheme will be introduced on 1 December 2015.

Nov 26, 2015

RBI allows foreign investors to buy corporate bonds in default

It's a potential boost to the country's nascent distressed debt market.

Nov 26, 2015

Gold demand could dip to eight-year low on rural distress

Consecutive droughts have hit the income of farmers in rural India, weighing on the gold purchases.

Nov 26, 2015

The year of the Chinese metal bear has its negative impact

A whole new category of Chinese bears has entered the market.

Nov 26, 2015

European shares rally as Euro slips backwards to 7-month lows

Talk of aggressive stimulus from the European Central Bank next week gains ground.

Nov 26, 2015

Bain sells shares in Hero MotoCorp to raise $116 million

Bain launched the deal to sell 2.98 million Hero shares on 25 November.

Nov 26, 2015

Sensex rebounds strongly on hopes of GST bill approval

Dr Reddys' Laboratories shares plunged over 8% to end at Rs 3,110 after a warning from the US drug regulator.

Nov 26, 2015

US: Class action lawsuit accuses big banks of swapping interest rates

The lawsuit said every year the banks extracted billions of dollars in monopoly rents from the class members.

Nov 26, 2015

Pimco, other investors sue Citigroup over billions in mortgage debt losses

The bank had allegedly failed to properly monitor toxic securitiesresulting in $2.3 billion losses.

Nov 26, 2015

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