Business news

George Osborne warns that EU is ‘sleepwalking’ out of global economy

The European Union risks pricing itself out of the global economy by excessive regulation, Chancellor of the Exchequer, George Osborne said on Wednesday (20 May), making the case for reforms in the bloc ahead of a referendum on whether Britain remains a member.

May 21, 2015

Myntra Sees 10% Drop in Sales After Moving to App-only Format

But Myntra's rivals such as Snapdeal and Amazon do not seem to be in a hurry to shut down their websites.

May 21, 2015

Political Times: Business leaders warn of Brexit and Ukip civil war ceases

Senior politics reporter Ian Silvera rounds up the week in Westminster.

May 20, 2015

China: Worlds largest Disney store opens in Shanghai

The worlds largest Disney store opened its doors to the public in Shanghai on Wednesday (20 May), giving fans of Mickey and Minnie the chance to browse row upon row of toys and Disney-themed products in the heart of Shanghais financial district.

May 20, 2015

Government Plans to Divest Stake in 25 Unlisted Companies: Report

The move is expected to fetch ₹25,000 crore.

May 20, 2015

Indian Companies Creating Maximum Jobs in London After US Inc

Domestic companies in UK have made 504 new job offers in the British capital since January

May 20, 2015

Steep Hike in Petrol, Diesel Prices May Get Reversed Soon

A steep increase in petrol and diesel prices wiped out more than one-third of gains passed to consumers since August.

May 20, 2015

New Service Tax of 14% will Make Food, Travel, Phone Bills Costlier from 1 June

A raise in service tax is also applicable on insurance, telephone bills, air travel and others.

May 20, 2015

SpiceJet Offers Discounts On Completion of Ten Years; to Raise ₹900 Crore

The airline is in talks with private equity firms and banks to raise funds.

May 19, 2015

Edmund Shing: HSBC and Co-op Bank do battle as sub-1% mortgage wars break out

HSBC is offering first sub-1% mortgage with an initial rate of 0.99% on its two-year discount special mortgage.

May 19, 2015

US: Protesters gather in Seattle to block access to Shell oil rig

About 200 protesters gathered at the Port of Seattle on Monday (18 May) to block access to a Royal Dutch Shell drilling rig headed for the Arctic this summer to resume exploration for oil and gas reserves.

May 19, 2015