Business news

RBI Cuts Repo Rate by 25 Basis Points to 7.5 Percent

The cut comes just days after the government and the central bank agreed to formally adopt inflation targeting.

Mar 4, 2015

GSK Sells Australian Opiates Business to India's Sun Pharma

The firms did not divulge the financial details of the deal but said in a statement that they expect to close it by August.

Mar 4, 2015

Edmund Shing: The renovation of B and Q and Screwfix owner Kingfisher

Kingfisher (UK code KGF), the owner of DIY businesses B and Q and Screwfix, has been taking flight over recent months, climbing from 286p in November last year to 374p today.

Mar 3, 2015

2015 Forbes World Billionaires: Mukesh Ambani India's Richest Person

Ambani's networth is $21 billion, up $2.4 billion from last year. Microsoft co-founder Bill Gates is the world's richest person, with networth of $79 billion.

Mar 3, 2015

Apple and Google poaching settlement headed for approval

A US judge on 2 March seemed satisfied with a proposed $415m (£267m) settlement that would end a lawsuit in which tech workers accused Apple, Google and two other Silicon Valley companies of conspiring to hold down salaries.

Mar 3, 2015

BSE closes points 134.59 up on March 3

New Delhi, March 3 (ANI): Trading at the Bombay Stock Exchange today closed 134.59 points up to stand at 29,593.73. At the National Stock Exchange the Nifty closed 134.59 points up to stand at 8,996.25. TATA ELXSI LTD. and BHUSHAN STEEL LTD were among the top gainers of Group A with an increase of 20.00% and 15.30% along with IDBI and NATCO PHARMA LTD. with an increase of 10.33% and 9.99% respectively, while the top losers of Group A include EICHER MOTORS LTD. and COAL INDIA with a decrease of 4.46% and 3.98% along with MAHINDRA and MAHINDRA LTD and OBEROI REALTY LTD with a decrease of 3.48% and 2.79% at the close of the markets. The Auto sector is down 171.82 points at 19,753.13 while the banking sector is down 61.57 points at 22,920.15 and the reality sector is down at 21.59 points at 1,794.95. The Indian currency is down 0.04% at Rs 61.89 per dollar.

Mar 3, 2015

'Kakki Sattai' ('Kaaki Sattai') Box Office Collection: Siva Karthikeyan Starrer Earns ₹15.58 Crore in Four Days

'Kakki Sattai" has now become the career's best for Siva Karthikeyan at the Tamil Nadu Box office.

Mar 3, 2015

RBA surprises on interest rate hold

EDITORS' NOTE: THIS EDIT CONTAINS CONVERTED 4:3 MATERIALS Investors' hopes for a rate cut down under dashed. The Reserve Bank of Australia held interest rates steady after cutting to a record low of

Mar 3, 2015

Alibaba down and out in Taiwan

Flying high around the world but booted by its next-door neighbor. Alibaba has been given its marching orders in Taiwan. Officials ordering the Chinese e-trade giant to get out within six months,

Mar 3, 2015

'OK Kanmani': After 'Komban', 'Masss', 'Baahubali', Studio Green Acquires Theatrical Rights of Mani Ratnam Movie

"OK Kanmani" starring Dulquer Salmaan and Nithya Menen is scheduled to be released in April

Mar 3, 2015

Nasdaq closes above 5,000

U.S. stocks advanced on Monday, pushing the Nasdaq above the 5,000 mark for the first time in fifteen years. The dollar hit an 11-year high on expectations the Federal Reserve might raise interest

Mar 3, 2015

Monday dishes out mixed data

A batch of economic data out Monday underscores a still improving but choppy recovery for the U.S. economy. The manufacturing sector, for example, is expanding but at a slower rate. A final report

Mar 3, 2015

Mobile World looks to 5G

Welcome to the future. A place where you can stream videos as holograms from your phone. HD movies will take a matter of seconds to download. While data speeds reach the giddy heights of 13

Mar 3, 2015

The tech challenges facing automakers

The Volkswagen Passat is Europe's new car of the year. Unveiled at the Geneva International Motor Show, the award is the Oscars for the world's automakers. Heinz-Jakob Neusser is from the Volkswagen

Mar 3, 2015

Why thousands are fleeing Kosovo?

Egzon Bytyci is 18 and from Kosovo. But until a few weeks ago he was planning to leave his home with his parents and his four siblings. The plan - to scale a fence or wade through water on the

Mar 2, 2015