Business news

Burger King Tests India Waters, Starts with 12 Outlets

In India, the hamburger chain has changed its menu to sell mutton, chicken and veggie sandwiches.

Nov 8, 2014

BSE closes points 47.25 down on Nov 7

New Delhi, Nov 7 (ANI): Trading at the Bombay Stock Exchange today closed 47.25 points down to stand at 27,868.63. At the National Stock Exchange the Nifty closed 3.15 points up to stand at 8,342.30. BEL and CUMMINS INDIA LTD. were among the top gainers of Group A with an increase of 9.67% and 7.36% along with DLF and FSL with an increase of 6.40% and 6.15% respectively, while the top losers of Group A include ESCORTS and UCOBANK with a decrease of 8.28% and 6.58% along with BHUSHAN STEEL LTD. and JPPOWER with a decrease of 4.58% and 4.55% at the close of the markets. The Auto sector is down 85.14 points at 18,338.67 while the banking sector is down 17.84 points at 19,854.42 and the reality sector is up 39.04 points at 1,642.36. The Indian currency is up 0.34% at Rs 61.62 per dollar.

Nov 7, 2014

VISA to Start New Technology Center at Bangalore

Technology Center of Excellence in India will be home to more than 1,000 employees by early 2017

Nov 6, 2014

Infosys to Recruit 2,100 People in US to Boost Global Presence

The company said that it will hire employees who will work across multiple technology domains including digital, big data, analytics and cloud.

Nov 6, 2014

Gold sellers announced special discounts for Dhanteras 2014.

Gold, Silver Lose Lustre; Hit 4-1/2 Year Lows as Dollar Stays Robust

The strength in the dollar and breaks below key technical levels have built the case against gold.

Nov 6, 2014

BSE closes points 55.50 up on Nov 5

New Delhi, Nov 5 (ANI): Trading at the Bombay Stock Exchange today closed 55.50 points up to stand at 27,915.88. At the National Stock Exchange the Nifty closed 14.15 points up to stand at 8,338.30. BHUSHAN STEEL LTD. and HEXAWARE were among the top gainers of Group A with an increase of 9.98% and 9.89% along with MAX and MANAPPURAM with an increase of 7.58% and 5.76% respectively, while the top losers of Group A include IPCALAB and PIIND with a decrease of 10.55% and 6.62% along with MONSANTO INDIA LTD and JAIN IRRIGATION SYSTEMS LTD. with a decrease of 5.31% and 5.25% at the close of the markets. The Auto sector is up 8.39 points at 18,423.81 while the banking sector is up 276.92 points at 19,872.26 and the reality sector is down 6.12 points at 1,603.32. The Indian currency is down 0.10% at Rs 61.46 per dollar.

Nov 5, 2014

Sensex creates new record, crosses 28,000-mark

New Delhi, Nov 5 (ANI): Creating a new record, the benchmark BSE Sensex crossed 28,000-mark for the first time and the NSE Nifty hit a new peak of 8,363.65 in early trade on Wednesday on sustained fund inflows. The record was set amidst optimism over encouraging corporate earnings. Besides, falling global crude oil prices which dipped to its lowest closing point since October 2011 also influenced trading sentiments.

Nov 5, 2014

Gold Struggles near Four-year Low as Dollar Strength Weighs

Bullion broke below a key technical level of around $1,180 an ounce on Friday.

Nov 4, 2014

Oil Slides below $84 as Saudi Arabia Lowers Price for US

Brent crude oil fell below $84 a barrel on Tuesday, extending losses to a fourth consecutive session.

Nov 4, 2014

a-man-is-reflected-in-a-window-as-he-walks-past-the-indicator-boards-at-the-australian-stock-exchange-in-sydney-august-11-2011

Nikkei Soars to 7-yr High on Pension Fund Euphoria; Weak Yen Boosts Exporters

Investors lap up a set of positive catalysts, including an unexpected central bank move to ease policy.

Nov 4, 2014

Telecom Commission to Meet on Friday to Discuss Spectrum Auction

The Telecom Regulatory Authority of India on Oct 15 recommended around 10% hike in the reserve price.

Nov 4, 2014

Maruti Suzuki launches new Alto K10 as India's cheapest automatic car

New Delhi, Nov 04 (ANI): Maruti Suzuki, which sells almost one in two cars in India, is betting a new version of its bestselling model will help it retain a stranglehold on the budget market, even as it courts wealthier buyers to fend off a slowdown in sales. Maruti unveiled a new version of its entry-level Alto - India's most popular car last year- with automatic gear shift technology, a feature usually reserved for pricier cars in the Indian market. At Rupees 3.06 lakh, the Alto K10 is the Indian market's cheapest automatic car - a position previously held by Maruti's compact sedan Celerio at about Rupees 410,000. Maruti Suzuki India (MSI) Managing Director and Chief Executive Officer (CEO), Kenichi Ayukawa, said Alto K10 is the company's best selling brand in Indian markets. Maruti Suzuki is preparing for what it has said will be a period of slower sales in the coming months. Sales of Maruti's passenger cars fell 1.1 percent in October from a year ago, breaking five consecutive months of increase.

Nov 4, 2014

Apple Planning To Make The Next iPhone Waterproof?

Indian Mobile Company iVoice Challenges Apple over iPhone Patent

The company has petitioned at Intellectual Property Appellate Board against Apple to remove the iPhone brand mark.

Nov 3, 2014

BSE closes points 5.45 down on Nov 3

New Delhi, Nov 3 (ANI): Trading at the Bombay Stock Exchange today closed 5.45 points down to stand at 27,860.38. At the National Stock Exchange the Nifty closed 1.95 points up to stand at 8,324.15. UNITECH and NETWORK18 were among the top gainers of Group A with an increase of 10.76% and 10.50% along with POLARIS and NEYVELI LIGNITE CORPORATION LTD. with an increase of 8.88% and 8.64% respectively, while the top losers of Group A include KEC and GAIL with a decrease of 7.38% and 6.08% along with NCC and REDINGTON with a decrease of 5.37 and 3.63% at the close of the markets. The Auto sector is down 163.65 points at 18,415.42 while the banking sector is up 90.18 points at 19,595.34 and the reality sector is up 56.02 points at 1,609.44. The Indian currency is up 0.07% at Rs 61.40 per dollar.

Nov 3, 2014