Business news

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

Germany leaps ahead but France limping

This is an image France would like to project. A defence industry on the attack with the sale of 24 Rafale warplanes and other equipment to Egypt, its first export customer for the warplane, for a

Feb 13, 2015

Israeli Defence Minister to Visit Bangalore Aero India Exhibition

Israeli defence minister Moshe Ya'alon would visit India to further the defence relationship.

Feb 13, 2015

Boeing Asks India to Confirm Helicopter Deal Worth $2.5bn, Warns Govt of Price Rise

Boeing asked the Indian Government to finalise the helicopter deal which would see Apache attack and Chinook heavy-lift helicopters, at a reported cost of $2.5bn, which could rise if the deal continues to hang.

Feb 13, 2015

Germany leaps ahead but France limping

This is an image France would like to project. A defence industry on the attack with the sale of 24 Rafale warplanes and other equipment to Egypt, its first export customer, for a healthy five

Feb 13, 2015

First Tranche of Funding 'Imminent', Restructuring in Full Swing: SpiceJet COO

SpiceJet's COO said the airline's turnaround is progressing as per the new business plan, with the first tranche of funding to be made available soon.

Feb 13, 2015

Greeks hint at debt hope to EU partners

Optimism on the streets of Athens. "Opportunity for compromise" read one newspaper headline. Greece has agreed to talk to its creditors about a solution to its international bailout. The news could

Feb 13, 2015

BSE closes points 289.83 up on Feb 13

New Delhi, Feb 13 (ANI): Trading at the Bombay Stock Exchange today closed 289.83 points up to stand at 29,094.93. At the National Stock Exchange the Nifty closed 93.95 points up to stand at 8,805.50. PIIND and MCLEOD RUSSEL INDIA LTD. were among the top gainers of Group A with an increase of 11.31% and 9.38% along with MRPL and GITANJALI with an increase of 9.05% and 8.82% respectively, while the top losers of Group A include OIL and RASOYA PROTEINS LTD. with a decrease of 5.33% and 4.62% along with INDIA CEMENTS LTD. and GAIL with a decrease of 4.36% and 3.96% at the close of the markets. The Auto sector is up 208.66 points at 19,586.94 while the banking sector is up 289.73 points at 22,187.50 and the reality sector is down at 16.44 points at 1,721.09. The Indian currency is down 0.2% at Rs 62.18 per dollar.

Feb 13, 2015