Business news

Stock Markets: Hopes of Reforms, Rate Cut, Cheap Oil Drive Rally

The markets are hopeful of a rate cut from the Reserve Bank of India (RBI) in its upcoming monetary policy review in August, says an analyst.

Jul 18, 2015

Google Propels Nasdaq to Another Record High Close

Google surged 16.26 percent to end at an all-time high of $699.62, a day after reporting strong ad revenue growth.

Jul 18, 2015

Los Angeles airport to become largest air hub to allow Uber pick-ups

Los Angeles International Airport is set to become the largest US airport to allow popular ride-sharing services such as Uber and Lyft to pick up passengers at curbside, following a vote by a local commission on 16 July.

Jul 17, 2015

SBI Plans to Share 3% Profit With Staff; Centre's Decision Pending

SBI chairperson Arundhati Bhattacharya justified the proposal to prevent the poaching of senior and mid-level managers by private banks, which offer much better incentives.

Jul 17, 2015

Anil Ambani Announces Rs.5,000 Crore New Defence Investment

The Reliance Group chairman said the acquisition of the Pipavav Defence Company in Gujarat with assets worth more than Rs.10,000 crore was his company's contribution towards self reliance.

Jul 17, 2015

ECB agrees extra emergency funding for Greek banks

The European Central Bank (ECB) raised its emergency funding for Greek banks slightly on 16 July, in a step to help banks partially reopen after euro zone governments agreed in principle to grant Athens a new three-year loan.

Jul 16, 2015

DoT Targets WhatsApp, Skype; End of Free Voice Calls?

The DoT Committee has suggested that tariff and regulation be set up for voice calling on Viber, Skype and others.

Jul 16, 2015

Uber fined $7.3m by California regulator over disclosure

A court in California has slapped a $7.3m (£4.6m, €6.6m) fine on taxi-app firm Uber for not disclosing enough information about its operations to regulators, besides recommending suspension of its operations across the state.

Jul 16, 2015

Huawei Launches Y336, Y541, Y625 and G620S Smartphones for Offline Market In India

Huawei Gets Security Nod for Rs 25-Crore Project, to Set Shop in TN

The move is being seen as a positive signal to Chinese investors and comes within two months of Prime Minister Narendra Modi's China visit.

Jul 16, 2015

Sensex Hits 3-Month High; Bank, Energy Stocks Lead Rally

The Sensex was trading at 28,332 at about 12.15 pm, while the 50-scrip Nifty was hovering at around 8,567, up 44 points.

Jul 16, 2015

Government Cracks Down on 'dabba' Traders to Check Black Money in Markets

"Dabba trading and any other unlawful trading practices do present a risk in the market and need to be curbed," said Nirmal Jain, chairman of IIFL.

Jul 16, 2015

EU Commission proposes €7bn loan to Greece for July

The European Commission proposed to give Greece a €7bn (£4.92, $7.7bn) bridge loan to cover the countrys financing needs in July using the European Financial Stability Mechanism (EFSM).

Jul 15, 2015

SpiceJet Offers 1 Lakh Tickets at ₹1 on Mobile App; Sale Starts Today

The tickets for ₹1 will be available for booking from 15 July to 17 July midnight.

Jul 15, 2015

Sensex Surges 127 Points in Early Trade

The Sensex has touched a high of 28,071.90 points and a low of 27,986.48 points in the trade so far.

Jul 15, 2015

Flipkart Announces Scheme for Employees to Adopt Kids

Adoptive mothers will get six months paid leave and four months of flexible working hours, while adoptive fathers will be eligible for six weeks of paid leave.

Jul 14, 2015