Business news

Smart Deal: Warren Buffett Swaps Stake in P&G for Duracell Unit

Warren Buffett's firm Berkshire Hathaway has agreed to swap $4.7 billion worth of shares in Proctor & Gamble, the multinational consumer goods conglomerate, to take over its profitable battery unit – Duracell.

Nov 14, 2014

US Luxury Home Sales Surge as Wealthy Investors Cash in on Property

Sales of multi-million dollar homes have surged across the US wealthy investors hope on cashing in on the bullish upscale property market of the country.

Nov 14, 2014

BSE closes points 68.26 down on Nov 13

New Delhi, Nov 13 (ANI): Trading at the Bombay Stock Exchange today closed 68.26 points down to stand at 27,940.64. At the National Stock Exchange the Nifty closed 25.45 points down to stand at 8,357.85. BALRAMPUR CHINI MILLS LTD. and AMTEK AUTO were among the top gainers of Group A with an increase of 17.22% and 8.67% along with DELTACORP and CUB with an increase of 6.80% and 6.20% respectively, while the top losers of Group A include BAJAJ ELECTRICALS LTD. and MAX with a decrease of 11.53% and 6.59% along with HINDPETRO and UNITECH with a decrease of 6.11% and 5.46% at the close of the markets. The Auto sector is down 73.35 points at 18,544.21 while the banking sector is down 142.30 points at 19,975.48 and the reality sector is down 23.81 points at 1,631.11. The Indian currency is up 0.12% at Rs 61.58 per dollar.

Nov 13, 2014

The Rs 242-crore aircraft gifted by Mukesh Ambani to his wife Nita in 2007 repeated distress calls when it was not even air-borne.

'Mayday! Mayday!' The Ambani Private Flight that Cried Wolf and Caused Mayhem

The Rs 242-crore aircraft gifted by Mukesh Ambani to his wife Nita in 2007 gave repeated distress calls when it was not even air-borne.

Nov 13, 2014

'Better Twitter for all' Plan Sends Twitter's Shares Soaring on Analyst Day

Twitter Inc's shares soared by about eight percent Wednesday after the social media website's leaders pitched their growth and user retention plans to investors on their first ever "analyst day."

Nov 13, 2014

'Shrek' getting 'Monopolized'? Toymaker Hasbro in Talks to Buy DreamWorks Animation

Hasbro Inc, the toymaker that has games like "Monopoly" to its credit, is in early talks to acquire DreamWorks Animation, the Hollywood studio that produced "Shrek" and "Madagascar" among others, according to people familiar with the matter.

Nov 13, 2014

BSE closes points 98.84 up on Nov 12

New Delhi, Nov 12 (ANI): Trading at the Bombay Stock Exchange today closed 98.84 points up to stand at 28,008.90. At the National Stock Exchange the Nifty closed 20.65 points up to stand at 8,383.30. BAYER CROPSCIENCE LTD. and AIA ENGINEERING LTD were among the top gainers of Group A with an increase of 10.35% and 7.61% along with MAHINDRA & MAHINDRA FINANCIAL SERVICES and ASHOK LEYLAND LTD with an increase of 7.57% and 7.37% respectively, while the top losers of Group A include HCC and CADILA HEALTHCARE LTD with a decrease of 4.49% and 4.26% along with IOC and IL&FS Transportation Networks Ltd. with a decrease of 4.00% and 3.87% at the close of the markets. The Auto sector is up 217.16 points at 18,617.56 while the banking sector is up 223.20 points at 20,117.78 and the reality sector is down 2.52 points at 1,654.92. The Indian currency is up 0.10% at Rs 61.49 per dollar.

Nov 12, 2014

JP Morgan, Citibank and UBS Among Banks Fined for Manipulating Foreign Exchange Market

The fines are perhaps the largest the Financial Services Authority or its predecessors have ever imposed.

Nov 12, 2014

Alibaba's 'Singles Day' Sales Cross $9 Billion, Beats Investor Predictions

Alibaba's "Single's Day" sales even surpassed last year's "Cyber Monday" sales, which was around $2.3 billion

Nov 12, 2014

Yahoo Buys Video Service BrightRoll for $640 Million

Yahoo Inc, the internet giant, announced Tuesday that it has agreed to take over BrightRoll Inc, a popular video advertising service for a deal worth $640 million.

Nov 12, 2014

BSE closes points 35.33 up on Nov 11

New Delhi, Nov 11 (ANI): Trading at the Bombay Stock Exchange today closed 35.33 points up to stand at 27,910.06. At the National Stock Exchange the Nifty closed 18.40 points up to stand at 8,362.65. AMTEKAUTO and HCC were among the top gainers of Group A with an increase of 16.91 and 8.50% along with JAIN IRRIGATION SYSTEMS LTD. and POLARIS with an increase of 7.74% and 7.24% respectively, while the top losers of Group A include KAILASH and FSL with a decrease of 9.90% and 4.98% along with SREI INFRASTRUCTURE FINANCE LTD. and BAJAJ ELECTRICALS LTD. with a decrease of 4.68% and 4.35% at the close of the markets. The Auto sector is up 124.47 points at 18,400.40 while the banking sector is up 145.18 points at 19,894.58 and the reality sector is up 17.25 points at 1,657.44. The Indian currency is up 0.16 % at Rs 61.60 per dollar.

Nov 11, 2014