Business news

SpiceJet Offers Tickets at 50% Discount to That of Rivals, Refunds 55,000 Cancellations

Budget airline SpiceJet offers to fly travelers at up to 50% discount to its peers's fares.

Dec 11, 2014

Finance Minister and RBI Governor Raghuram Rajan

RBI Governor Comes Under Pressure from MPs to Cut Rates

MPs cutting across political parties seek to increase pressure on Raghuram Rajan to cut rates to improve credit off-take and spur economic growth

Dec 11, 2014

Abercrombie & Fitch CEO Mike Jefferies Steps Down

Michael Jefferies, the controversial CEO of Abercrombie & Fitch stepped down from his post on Tuesday effective immediately, marking the end of a two-decade long career that saw several ups and downs.

Dec 10, 2014

BSE closes points 34.09 up on Dec 10

New Delhi, Dec 10 (ANI): Trading at the Bombay Stock Exchange today closed 34.09 points up to stand at 27,831.10. At the National Stock Exchange the Nifty closed 14.95 points up to stand at 8,355.65. SKS MICROFINANCE LTD and GITANJALI were among the top gainers of Group A with an increase of 10.76% and 8.83% along with PIPAVAVDOC and AJANTA PHARMA LTD with an increase of 8.10% and 6.40% respectively, while the top losers of Group A include HAVELLS and RASOYPR with a decrease 6.73% and 4.92% along with ABAN and VAKRANGEE with a decrease of 4.39% and 3.46% at the close of the markets. The Auto sector is up 68.56 points at 18,914.17 while the banking sector is up 211.09 points at 21,158.24 and the reality sector is up 4.29 points at 1,664.28. The Indian currency is up 0.21% at Rs 62.01 per dollar.

Dec 10, 2014

Rising Demand will Push Indian Economy towards 5-6% Growth in 2015: Moody's

In a report titled 2015 Outlook-Global Credit Conditions, ratings agency Moody's says India is likely to expand 5-6% in 2015.

Dec 10, 2014

Citi Group Nears Japan Exit; SMBC to Buy Bank's Retail Unit

Citi Group, the third-largest US bank, has reportedly entered into advanced talks with SMBC, a unit of Sumitomo Mitsui Financial Group, to sell its retail banking unit in Japan as the sector has been grappling with losses.

Dec 10, 2014

Sony Xperia Z5 To Follow Xperia Z4's Lead With New Design, 2K Screen In Q4 2015

Sony Pictures Hack May Cost Studio around $100 Million; More Data Leaked

The massive cyber attack on Sony Pictures could cost the company up to $100 million, cyber security experts said.

Dec 10, 2014

Sun Pharma Could Retire Brand Ranbaxy, Retain Sub-brands Like Volini And Revital

Post merger, Sun Pharma is expected to retire Ranbaxy, emerge as the world's fifth largest generic drug company.

Dec 10, 2014

Sun Shines in Ranbaxy Takeover Bid in Pharma Sector's Largest Merger of the Year

Sun Pharma is likely to merge the Ranbaxy brand with its own, a move that will provide the joint entity with a market share of nine percent in India

Dec 10, 2014

Foxconn Swoops Down on Nokia's Chennai Plant; Likely to Make Micromax Phones

Foxconn and Lava said to be eyeing Nokia's Chennai plant and efforts are on to untangle the tax dispute holding the plant hostage.

Dec 10, 2014

Burger King Embroiled in Trademark Lawsuit with Indian Joint

Burger King, the famous Miami-based fast food joint that launched in India in November this year, may have to find a new name for its brand to operate in the country as it is embroiled in a trademark lawsuit with an Indian burger joint of the same name.

Dec 9, 2014

BSE closes points 322.39 down on Dec 9

New Delhi, Dec 9 (ANI): Trading at the Bombay Stock Exchange today closed 322.39 points down to stand at 27,797.01. At the National Stock Exchange the Nifty closed 97.55 points down to stand at 8,340.70. JETAIRWAYS and RASOYA PROTEINS LTD. were among the top gainers of Group A with an increase of 6.32% and 4.76% along with SOBHA and NCC with an increase of 4.51% and 3.99% respectively, while the top losers of Group A include TV18 BROADCAST LTD. and INDIA CEMENTS LTD. with a decrease 7.91% and 6.02% along with NETWORK18 and THERMAX with a decrease of 5.99% and 5.46% at the close of the markets. The Auto sector is down 240.94 points at 18,845.61 while the banking sector is down 270.90 points at 20,947.15 and the reality sector is down 22.93 points at 1,659.99. The Indian currency is up 0.1% at Rs 61.89 per dollar.

Dec 9, 2014