Business news

LIC in talks with state-owned banks to sell Nomura stake in MF arm: Report

Bank of India, Punjab National Bank (PNB) and Central Bank haven't forayed into MF business so far.

Oct 23, 2015

Indian companies second most optimistic businesses globally, reveals Grant Thornton survey

But the optimism over employment growth in the country has seen further decline.

Oct 23, 2015

Banks allowed to fix interest rates on deposits under govt's gold scheme

The customers can prematurely withdraw from the scheme upon completion of a minimum lock-in period and paying penalty to be fixed by banks, RBI said.

Oct 23, 2015

Dorsey is giving away nearly $200 million of His Twitter stock to employees

The idea, Jack Dorsey said in a tweet, is to "reinvest directly in our people"

Oct 23, 2015

ECB readiness to inject more stimulus rallies Asian stocks

Asia extended a global stocks rally on Friday helping the dollar scale a fresh two-month peak against the euro.

Oct 23, 2015

Microsoft shares soar as cloud products and services see rising demand

The company, under Chief Executive Satya Nadella, has been shifting its focus to software and cloud services.

Oct 23, 2015

India's emergence as world's top FDI destination not due to PM's 'Make in India', says Emkay Global

A significant part of FDI inflows to India went into e-commerce firms like Flipkart and Snapdeal, the brokerage said.

Oct 22, 2015

China: American Auction chief says emerging market perfect for SMEs to enter

Deb Weidenhamer, the CEO of American Auction told IBTimes UK that the consumer market is booming in China.

Oct 22, 2015

IT companies doing away with weekend concept, offer mid-week break

Minacs, a US-based BPO firm, has already put in place the new concept for its employees.

Oct 22, 2015

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