Business news

U.S. eases restrictions on imports from private Cubans

In Havana, Cuba, locals and merchants react to news that the U.S. has eased import restrictions on Cuban goods and services. Except for a few broad categories of goods -- like cars, live animals,

Feb 16, 2015

IOC Raises Petrol, Diesel Prices

The price of petrol will increase by 82 paise per litre, while that of diesel will go up by 61 paise per litre.

Feb 15, 2015

293 Firms Commit to 266 GW of Renewable Power at Inaugural RE-Invest Conference

Many of the companies have expressed an interest to set up a factory shop to create the necessary infrastructure in India.

Feb 15, 2015

CBI Arrests Deccan Chronicle's T Venkattram and Vinayak Ravi over Criminal Conspiracy Charges

CBI arrested Deccan Chronicle's Reddy brothers over charges of defrauding banks and financial institutions for thousands of crores.

Feb 15, 2015

Coal Auction: GMR and Reliance Cement Emerge Winners on Day One

The coal block auction was kicked off on Saturday. The auction saw considerable interest from major infrastructure-related companies.

Feb 15, 2015

'Make in India': PM Inaugurates GE's First Manufacturing Plant in India

Inaugurating GE's first manufacturing plant in the nation, PM Modi invited the company to build ships in India

Feb 14, 2015

RBI Moves Supreme Court to Restrain Sahara Group Firm From Selling Assets

The RBI said that it wanted to ensure that depositors of Sahara India Financial Corporation are not affected as a result of the group's efforts to secure Roy's bail

Feb 14, 2015

Sun Pharma's Dilip Sanghvi to Invest $290 Mn in Tulsi Tanti's Suzlon

The wind turbine maker would see funds infusion to the tune of 1,800 crore by Dilip Sanghvi through his personal investment firm.

Feb 14, 2015

Snapdeal Valuation Pegged at $5 bn, Could Raise $400 Million from Investors

The online marketplace is looking at raising $400 mn in investment

Feb 14, 2015

S&P closes at record high

Late day momentum driving stocks on Friday. The Dow closing above 18,000, the S&P 500 hit an all-time high, and the Nasdaq another at a 15-year high, an all around good week for the equity markets.

Feb 14, 2015

Toymakers playtime pivot

A playtime pivot for top toymakers Mattel and Hasbro re-imagining classic brands for a new generation of kids and parents. The occasion - the 2015 Toy Fair. Hasbro showing off countless

Feb 14, 2015

Apple CEO Tim Cook speaks at Obama's cybersecurity summit

ROUGH CUT (NO REPORTER NARRATION) Apple CEO Tim Cook addressed a crowd of more than 1,000 people at the White House summit on cybersecurity in Palo Alto, California. Before his remarks, Cook was one

Feb 14, 2015

Coffee sinks Smucker's profit

Coffee has become acidic for J.M. Smucker. Its retail coffee sales, primarily its Folgers brand, fell again in the latest quarter. As a result, the company's sales and profit fell. It hiked prices

Feb 13, 2015

Fifty shades of magnolia for B&Q

B&Q sells around one million metres of rope every year - enough to stretch to the moon and back. Now they're hoping to sell a bit more thanks to a recent publicity stunt. Britain's biggest DIY firm

Feb 13, 2015

Africa's largest economies feel the heat

South Africa's parliament descends into chaos. Protesters stormed the building, demanding President Jacob Zuma pay back some of the taxpayers' funds used for a $23 million upgrade of his rural home.

Feb 13, 2015