Business news

The original rogue trader: 20 years on

He is the original rogue trader. The man who single-handedly brought down Britain's oldest bank. Nick Leeson's losses at Barings totalled a staggering 1.4 billion dollars. But 20 years on, he says

Feb 26, 2015

Why France not Greece is the big worry

The latest edition of Charlie Hebdo has hit the shelves. It features pictures of the Pope and France's far-right leader Marine le Pen on the front cover under the headline "Here we go again!" It's

Feb 25, 2015

Lego builds on movie success

Lego has been building its empire since 1932. And it's still owned by the Kristiansen family who founded it in Denmark It now employs 14,000 staff and is sold in more than 140 countries. The

Feb 25, 2015

Greeks place hope in new reforms

A new day in Athens and a sunnier outlook for Greece, reflected by the mood on the streets. (SOUNDBITE) (Greek) 36-YEAR-OLD ATHENS RESIDENT, VALENTINA MELNICHUK, SAYING: "People have started hoping

Feb 25, 2015

Apple ordered to pay $533 mln

A blow to Apple: a federal jury in Texas ordered the iPhone maker to pay more than half a billion dollars. It ruled that Apple's iTunes software had infringed three patents owned by the patent

Feb 25, 2015

Telefonica upbeat for year ahead

Europe's third biggest telecoms company is getting bigger. Spain's Telefonica expects 2015 sales to grow by 7 percent this year and 5 percent next year. It's putting one-off factors such as a weaker

Feb 25, 2015

SC Allows RBI to Initiate Action against Sahara over Diversion of Funds

The SC came down heavily on Sahara Group for alleged diversion of funds to repay investors, in direct contravention of an RBI order.

Feb 25, 2015

Budget 2015: Planned Rail Investments To Receive Boost from Low Oil Prices

The Rail Budget could see considerable increase in fund allocation helped by the fall in oil prices

Feb 25, 2015

BSE closes points 3.33 up on Feb 25

New Delhi, Feb 25 (ANI): Trading at the Bombay Stock Exchange today closed 3.33 points up to stand at 29,007.99. At the National Stock Exchange the Nifty closed 5.15 points up to stand at 8,767.25. SIEMENS and PMCFIN were among the top gainers of Group A with an increase of 5.27% and 4.93% along with OBEROI REALTY LTD. and NIIT TECHNOLOGIES LTD. with an increase of 4.72% and 4.67% respectively, while the top losers of Group A include CENTRAL BANK OF INDIA and RASOYA PROTEINS LTD. with a decrease of 8.07% and 3.92% along with THERMAX and ALEMBIC PHARMACEUTICALS LTD. with a decrease of 3.81% and 3.19% at the close of the markets. The Auto sector is down 5.62 points at 19,632.82 while the banking sector is down 164.25 points at 21,475.41 and the reality sector is up at 6.15 points at 1,757.75. The Indian currency is down 0.27% at Rs 62.03 per dollar.

Feb 25, 2015