Business news

Time for Goodbye: HMT to Shut Down Following Continued Losses

The 'timekeeper of the nation' has been unable to generate sufficient revenue to pay remuneration to its employees.

Sep 11, 2014

Apple Mania: iPhone 6 Being Booked for Over ₹1 Lakh on eBay India

The phone is expected to be priced between ₹48,000 and ₹50,000 for iPhone 6 -16 GB model

Sep 11, 2014

Mega Disinvestment Drive: Govt to sell ₹44,000-crore stakes in CIL, ONGC and NHPC

Cabinet hopes to target fiscal deficit as the share sale is likely help the government meet the budget target

Sep 11, 2014

McDonald's Sales Continue Decline after being Hit by China Meat Scandal

Fast food chain McDonald's has been posting continued loss since a Chinese media report revealed its suspected sale of expired beef and chicken used for the nuggets.

Sep 10, 2014

SC to Hear Bar Owners' Plea Against Kerala's Ban on Liquor Sale

The apex court on Wednesday told the State Government not to enforce its order prohibiting functioning of non-five-star hotel bars till Thursday.

Sep 10, 2014

Delhi Metro Scam: UK-Based Alstom Bribed DMRC €3M to Win Contract

Alstom made the payments as "rewards" for receiving favour from DMRC to win the contract.

Sep 10, 2014

Demand-Supply Mismatch: Electricians Earn as Much as Desktop Engineers

Sourcing of skilled workers is becoming harder than before

Sep 10, 2014

Kingfisher and UB Group chairman Vijay Mallya

Guarantor Can Also be Tagged as Wilful Defaulter: RBI

After UBI, SBI too sends defaulter notice to Mallya. Overall loan default by around 50 companies in India amounts to over Rs.40,000 crore.

Sep 10, 2014

Ashok Leyland Bags Orders for 4,000 Buses worth ₹1, 500 crore, Shares Soar

Ashok Leyland: Following the announcement, stock price of each share surged around 5.57% at Rs.40.75.

Sep 9, 2014

India Signs Trade Agreement in Services and Investments with ASEAN

India signed the long-pending free trade agreement in services and investments with the ASEAN on Monday.

Sep 9, 2014

Crisil Chief Executive Roopa Kudva Stepping Down After 7 Years at Helm

Crisil shares fall after the news broke that lont-time CEO is stepping down.

Sep 9, 2014

Diesel may get Cheaper as Crude Oil Price Tumbles

Price review likely on 15 September. Final decision to be taken after consulting finance ministry.

Sep 9, 2014

DoT Asks TRAI to Suggest Reserve Price for Spectrum Auction

The government is looking at a total bid value of ₹25,065 crore from the next round of auction with an aim to earn ₹5000 crore in this financial year.

Sep 8, 2014