Business news

Forbes Sells Media Business to Hong Kong Group for $475 Million

Forbes magazine has agreed to transfer its century old empire to a Hong-Kong based firm on Friday.

Jul 19, 2014

Pharma Firm AbbVie Acquires Drugmaker Shire in $55 Billion Deal

US-based pharmaceutical firm AbbVie has succeeded in acquiring Dublin-based drugmaker Shire on Friday.

Jul 18, 2014

BSE closes points 80.40 up on July 18

New Delhi, July 18 (ANI): Trading at the Bombay Stock Exchange today closed 80.40 points up to stand at 25,641.56. At the National Stock Exchange the Nifty closed 23.45 points up to stand at 7,663.90. Exide Industries ltd. and Muthoot Finance Ltd. were among the top gainers of Group A with an increase of 4.07% and 3.76% along with Shriram City Union Finance Ltd. and Karnataka Bank with an increase of 3.15% and 3.12% respectively, while the top losers of Group A include Indian Hotels and GMR Infra with a decrease of 6.96% and 4.01% along with REC and Financial Tech with a decrease of 3.64% and 3.62% at the close of the markets. The Auto sector is down 3.08 points at 15,713.19 while the banking sector is up 134.21 points at 17,611.71 and the realty sector is down 17.55 points at 1,981.36. The Indian currency is 0.22 % up at Rs 60.31 per dollar.

Jul 18, 2014

Cipla Acquires Biotech Firm Mabpharm; Set to Manufacture Low Cost HIV Drugs for Developing Nations

Meditab Specialities Private Limited (MSPL), a wholly owned subsidiary of Cipla Ltd has informed BSE regarding its acquisition of stake in Mabpharm Private Limited (Mabpharm).

Jul 18, 2014

Indian Rupee, BSE, NSE Decline on Global Risk Aversion and Weak Asian Markets

On Friday, besides the Indian Rupee; BSE Sensex and NSE Nifty opened lower by 2.68 points and 10.2 points, after gaining for the third day on Thursday.

Jul 18, 2014

Top 10 Pharma Deals in Last Five Years

Here's the list of top 10 Pharmaceutical merger and acquisition deals announced in last 5 years. However, the list excludes spin off's.

Jul 18, 2014

BSE Sensex, NSE Nifty Open Flat; Gain Momentum During Trading Hours

The Sensex opened at 25540.92 points versus its previous closing at 25549.72 points, while the Nifty recorded 7612.70 points versus its previous closing of 7624.40 points.

Jul 17, 2014

Google Plus Goes Anonymous: Users Can Now Sign Up Without Real Name

Google Inc. has finally ended a long-standing and deeply unpopular policy that forced users to use their real name when registering for a Google plus account.

Jul 17, 2014

Fox Offered $80 Billion To Buy Time Warner And Was Rejected: Report

Rupert Murdoch's Twenty-First Century Fox Inc. offered $80 billion to buy Time Warner Inc. last month and was turned down by the media giant's board, multiple media outlets reported Wednesday.

Jul 17, 2014

B Ramalinga Raju, founder of Satyam Computer Services Ltd

Satyam Founder Raju Gets 14-Year Ban, to Pay ₹1,849 Crore to Sebi

Sebi banned Satyam founder and other four former executives from markets for 14 years.

Jul 16, 2014

Former Rivals Apple, IBM Announce Deal to Develop 100 Apps

Apple and IBM announced a deal on Tuesday to release over 100 new exclusive mobile applications for the corporate world to target retail, healthcare, banking, travel, transportation and telecommunication sector.

Jul 16, 2014

BSE closes points 321.07 down on July 16

New Delhi, July 16 (ANI): Trading at the Bombay Stock Exchange today closed 321.07 points up to stand at 25,549.72. At the National Stock Exchange the Nifty closed 97.75 points up to stand at 7,624.40. JP INFRATEC and Financial Tech were among the top gainers of Group A with an increase of 19.86% and 9.99% along with IDFC and Adani Ports with an increase of 8.87% and 8.44% respectively, while the top losers of Group A include Power Finance and REC with a decrease of 5.98% and 4.72% along with LIC Housing Finance Ltd. and South Indian Bank with a decrease of 3.71% and 2.97% at the close of the markets. The Auto sector is up 222.85 points at 15,741.51 while the banking sector is up 426.10 points at 17,479.92 and the realty sector is up 82.61 points at 2,014.51. The Indian currency is 0.07% up at Rs 60.16 per dollar.

Jul 16, 2014