Business news

What to Expect from Railway Budget 2015?

As the Railways reels under financial crunch, Railway Minister Suresh Prabhakar Prabhu is likely to announce limited rail projects this fiscal.

Feb 22, 2015

U.S. refinery strike widens to include nation's largest refinery

When the clock struck 12:01 am on Saturday, workers at the Motiva Refinery in Port Arthur, Texas walked off the job -- joining a U.S. refinery strike that's suddenly that much bigger. At issue --

Feb 22, 2015

Budget 2015: RBI Governor Rajan Supports Strong Action Against Black Money Holders, Tax Evaders

The RBI Governor indicated his preference to go after black money holders and hold them to account

Feb 21, 2015

Budget 2015: Relax Fiscal Deficit Target, Go For Growth, Says Bimal Jalan

Former RBI Governor Bimal Jalan has asked the government to stop focussing entirely on containing fiscal deficit and allow it to expand a bit, to spur growth

Feb 21, 2015

Greece, euro zone agree four-month loan extension, avert crunch

There have been the protests in Athens filled with mockery and anger over austerity measures many in Greece see as crippling their future. There have been hours and hours of talks to try to find a

Feb 21, 2015

Dow, S&P close at record highs

U.S. stocks marched higher on a relief rally. The deal to extend Greece's bailout pushed the Dow and S&P 500 to close at all-time highs. The Nasdaq stretched its win streak into an eighth session as

Feb 21, 2015

Wal-Mart's move pressures Target

Everyday low prices may not mean everyday low wages for employees at Wal-Mart ... and soon at other companies. The move by the U.S.' largest retailer to hike its minimum wage in America could spill

Feb 21, 2015

UK public finances improve

A welcome boost for Britain's coffers. The biggest monthly surplus in seven years, thanks to a rise in British income tax receipts. The Office for National Statistics reported a January public

Feb 20, 2015

What would Grexit look like?

The possibility of a Greek exit - or "Grexit" from the euro zone back on people's lips, as talks over Greece's financial future continue to flounder. In 2012 it was a similar picture. The difference

Feb 20, 2015

Fashionistas descend on London

A fashion show - with a difference. Naomi Campbell strutted her stuff at Somerset House in aid of her Fashion Against Ebola campaign. A host of famous faces joined her including the Duchess of York

Feb 20, 2015

Deere cuts profit forecast, hurt by weak equipment sales

Farmers are hurting and that's bad news for Deere. The world's largest farm-equipment maker reported a 43 percent drop in its first-quarter profit, while sales declined 17 percent-- though it did top

Feb 20, 2015

Critical Greek talks underway

Crunch time for Greece. Euro zone finance ministers meeting in Brussels are hoping to break a deadlock over the country's bailout - which is due to expire in just over a week. Greek finance minister

Feb 20, 2015

Aero India 2015: Russia Hopes to Sign Fifth-Gen Fighter Aircraft Deal with India in 2015

Russia has expressed confidence that it hopes to finalise the FGFA deal to be concluded in 2015.

Feb 20, 2015

BP loses bid to cut oil spill fine

It's a case of two steps forward, one step back for BP. The oil giant has made huge progress turning the company around since the 2010 Gulf of Mexico oil spill which left it with billions of dollars

Feb 20, 2015

Aero India 2015: Airbus in Talks with Indian Firms to Manufacture Helicopters Locally

Airbus's helicopter division has opened talks with major Indian conglomerates to partner in building Indian Armed Forces' next generation light utility and medium lift helicopters

Feb 20, 2015