Business news

Alibaba acquires South China Morning Post in a $266 million deal

Alibaba and SCMP Group said on Friday said Alibaba would buy the English language newspaper and other media properties.

Dec 14, 2015

Dow Chemicals and DuPont in $130 billion megamerger, will split into three later

The move pleased activist investors and could trigger more consolidation.

Dec 13, 2015

Saudi Arabia working out strategy to face era of cheap oil, cut spending

Low crude prices have pushed state finances deep into deficit.

Dec 13, 2015

UD Group expanding metals trade counter to bleak outlook in market

The Singapore-based firm has a metals trading arm as well as mining, industrial and renewable units.

Dec 13, 2015

UK arm AugustaWestland not for sale, says Finnmeccanica

A report said Boeing made a bid earlier this year to buy Westland.

Dec 13, 2015

MoU signed to set up 3 new IIITs in PPP mode

The new IIITs will be in Ranchi, Nagpur and Pune.

Dec 13, 2015

Artificial intelligence firm OpenAI wins massive backing of $ 1 billion for research

OpenAI seeks to advance digital intelligence for humanity's maximum benefit.

Dec 13, 2015

Indian markets expected to be spooked by US Fed rate hike

It could potentially lead to a massive pull-back of foreign funds from India.

Dec 13, 2015

Nestle may leave Switzerland in the face of restrictions on pay, staffing

Nestle will not revise its growth targets despite a tough market environment.

Dec 13, 2015

Stock markets may turn volatile, plummet on Fed rate hike

Traders are being cautious ahead of the Fed policy meeting on December 15-16.

Dec 13, 2015

Packaged food market to be worth $50 bn by 2017: Assocham

There has been a major shift in food habits in metropolitan cities, the survey said.

Dec 13, 2015

Gold reclaims Rs 26,000-mark as US Fed rate hike looks done deal

Gold prices are also supported by increased buying by jewellers to meet a spike in demand in the wedding season.

Dec 12, 2015

Chennai floods to weigh significantly on earnings in Oct-Dec quarter: TCS

Chennai is one of TCS' largest delivery locations with over 65,000 employees.

Dec 12, 2015

Sensex down 600 points this week on GST logjam, looming US Fed rate hike

Investors are now skeptical over Parliament's approval for GST bill following the controversy over the National Herald case.

Dec 12, 2015

Telcos already facing heat from impending Reliance Jio launch

"The market continues to underestimate the disruption from new entrant RJio," said Vinay Jaising, analyst at Morgan Stanley.

Dec 12, 2015

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Business news

Alibaba acquires South China Morning Post in a $266 million deal

Dow Chemicals and DuPont in $130 billion megamerger, will split into three later

Saudi Arabia working out strategy to face era of cheap oil, cut spending

UD Group expanding metals trade counter to bleak outlook in market

UK arm AugustaWestland not for sale, says Finnmeccanica

MoU signed to set up 3 new IIITs in PPP mode

Artificial intelligence firm OpenAI wins massive backing of $ 1 billion for research

Indian markets expected to be spooked by US Fed rate hike

Nestle may leave Switzerland in the face of restrictions on pay, staffing

Stock markets may turn volatile, plummet on Fed rate hike

Packaged food market to be worth $50 bn by 2017: Assocham

Gold reclaims Rs 26,000-mark as US Fed rate hike looks done deal

Chennai floods to weigh significantly on earnings in Oct-Dec quarter: TCS

Sensex down 600 points this week on GST logjam, looming US Fed rate hike

Telcos already facing heat from impending Reliance Jio launch

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]