Business news

Ali al-Naimi, Saudi Arabian oil minister

OPEC Will Not Cut Oil Output – Saudi Arabia Breaks Silence

Just a day before the Organization of the Petroleum Exporting Countries (OPEC) meets to discuss the rampant oversupply of oil in the global market, leader Saudi Arabia's oil minister suggested that the group will probably not cut oil output. Nov 27, 2014
buyers-in-coimbatore-flock-to-jewellery-stores-as-gold-prices-slump

Buyers in Coimbatore flock to jewellery stores as gold prices slump

Coimbatore, Nov 26 (ANI): Buyers in Coimbatore flocked to purchase gold as the expensive yellow metal faces a price slump. Gold stood at 26,450 rupees for 10 grams on November 25 and further fell to 26, 355 rupees on November 26. Jewellers say that this phenomenon was due to fluctuations in the international market. Buyers said that they could now stock up on jewellery they otherwise find expensive. Nov 26, 2014
Coca Cola

Coca Cola Now Sells Milk! Invests in Dairy Brand 'FairLife'

Coca Cola has perhaps been the oldest soda and carbonated-drink manufacturer in the world. It diversified into fruit juices, energy drinks and even bottled water. But now, the company has shifted its commercial glare towards milk, investing in "Fairlife" – a diary products company. Nov 26, 2014
bse-closes-points-48-14-up-nov-26

BSE closes points 48.14 up Nov 26

New Delhi, Nov 26 (ANI): Trading at the Bombay Stock Exchange today closed 48.14 points up to stand at 28,386.19. At the National Stock Exchange the Nifty closed 12.65 points up to stand at 8,475.75. GUJRAT GAS and OBEROI REALTY LTD were among the top gainers of Group A with an increase of 16.55% and 7.64% along with TORRENT POWER LTD and DLF with an increase of 7.35% and 7.16% respectively, while the top losers of Group A include RASOYA PROTEINS LTD and KAILASH with a decrease of 4.86% and 4.76% along with FINOLEX CABLES LTD and ZEE LTD with a decrease of 3.95% and 3.93% at the close of the markets. The Auto sector is up 68.70 points at 18,805.38 while the banking sector is down 62.95 points at 20,586.35 and the reality sector is up 64.39 points at 1,660.73. The Indian currency is up 0.04% at Rs 61.84 per dollar. Nov 26, 2014
bse-closes-points-161-49-down-on-nov-25

BSE closes points 161.49 down on Nov 25

New Delhi, Nov 25 (ANI): Trading at the Bombay Stock Exchange today closed 161.49 points down to stand at 28,338.05. At the National Stock Exchange the Nifty closed 67.05 points down to stand at 8,463.10. AIA ENGINEERING LTD. and RELIGARE were among the top gainers of Group A with an increase of 5.53% and 5.51% along with FINCABLES and SADBHAV with an increase of 5.17% and 5.07% respectively, while the top losers of Group A include INDIA CEMENTS LTD. and NETWORK18 with a decrease of 9.20% and 8.96% along with UNITECH and JPPOWER with a decrease of 8.38% and 8.02% at the close of the markets. The Auto sector is down 201.34 points at 18,736.68 while the banking sector is down 277.90 points at 20,649.30 and the reality sector is down 55.25 points at 1,596.34. The Indian currency is down 0.08% at Rs 61.88 per dollar. Nov 25, 2014
Louis Chenevert

United Technologies CEO Steps Down Abruptly; CFO to Take Over

Louis Chenevert, the chief executive officer of United Technologies, the multinational conglomerate, stepped down from the post abruptly on Monday, Nov.24, 2014. He has been replaced by Gregory J. Hayes, the Chief Financial Officer and Senior Vice president of the company. Nov 25, 2014
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