Business news

indian-navy-warships-representational-image

India to Modernise its Aging Naval Fleet as China Increases Presence in Indian Ocean

As Chinese battle ships and submarines increase their "port of call" in the Indian Ocean, India prepares to defend its "strategic background" more vehemently.

Dec 3, 2014

BSE closes points 1.30 down on Dec 3

New Delhi, Dec 3 (ANI): Trading at the Bombay Stock Exchange today closed 1.30 points down to stand at 28,442.71. At the National Stock Exchange the Nifty closed 12.95 points up to stand at 8,537.65. ESSAR OIL and SUN TV were among the top gainers of Group A with an increase of 20.00% and 13.73% along with FSL and SUZLON with an increase of 11.16% and 9.95% respectively, while the top losers of Group A include CEAT LTD and SAIL with a decrease of 5.62% and 5.06% along with KAILASH and RASOYA PROTEINS LTD. with a decrease of 4.98% and 4.36% at the close of the markets. The Auto sector is up 256.64 points at 19,338.75 while the banking sector is up 91.30 points at 21,339.82 and the reality sector is up 22.02 points at 1,696.05. The Indian currency is down 0.02% at Rs 61.87 per dollar.

Dec 3, 2014

The Plaza, New York, partly owned by the Sahara Group

Supreme Court Permits Sahara To Sell Properties Valued At ₹ 2,700 crore

Supreme Court grants permission to Sahara for sale of four domestic properties; Sahara to provide details to the court about the '$650mn junior loan'

Dec 3, 2014

Hero MotoCorp Signs Tiger Woods for Record Rs 250 Crore as Global Brand Ambassador

Hero MotoCorp has signed golfing legend Tiger Woods as its global brand ambassador for a four-year Rs. 250 Crore deal. News of the signing comes just three months after Hero Moto agreed to sponsor the Hero World Championship, a PGA Tour that benefits Woods' foundation.

Dec 3, 2014

Quikr Shifts Base to Bangalore to Tap Available Technology Talent Pool

Bangalore plays host to start-ups; talent pool considered diverse and significant.

Dec 3, 2014

Flipkart Founders Invest ₹6 Crore in Electric Vehicle Start-up Ather

Ather sees second-round funding from Raju Venkataraman; product development gains pace.

Dec 3, 2014

Gold Rises About 4%: Biggest One-Day Gain Since 2013

Gold clocks above $1,200 for the first time since October with Japan sovereign downgrade and import relaxations in India.

Dec 2, 2014

BSE closes points 115.61 down on Dec 2

New Delhi, Dec 2 (ANI): Trading at the Bombay Stock Exchange today closed 115.61 points down to stand at 28,444.01. At the National Stock Exchange the Nifty closed 31.20 points down to stand at 8,524.70. BEL and WOCKPHARMA were among the top gainers of Group A with an increase of 10.36% and 9.88% along with SPARC and RAYMOND with an increase of 9.61% and 8.98% respectively, while the top losers of Group A include KAILASH and INFRATEL with a decrease of 4.97% and 4.87% along with SREI INFRASTRUCTURE FINANCE LTD and BALRAMPUR CHINI MILLS LTD with a decrease of 4.46% and 4.22% at the close of the markets. The Auto sector is down 198.55 points at 19,082.11 while the banking sector is up 26.23 points at 21,248.52 and the reality sector is up 1.45 points at 1,674.03. The Indian currency is up 0.23% at Rs 61.88 per dollar.

Dec 2, 2014

India Hikes Excise Duties on Petrol By ₹2.25, Diesel By ₹1

The excise duties on petrol and diesel have been hiked to boost government revenues from slipping global crude oil prices.

Dec 2, 2014

Kiva Robots at Amazon Fulfillment centers

Amazon Using Robots To Speed Orders for Holiday Rush (VIDEO)

Amazon Inc, the e-retail giant, unveiled its eighth generation fulfillment centers on Cyber Monday introducing the new Kiva Robotics technology to speed up work in the warehouses.

Dec 2, 2014

India, France Agree to 'Finalise' Rafael Deal for 126 Fighter Jets

The deal remains stuck over Dassault's reluctance to accept responsibility for the 108 planes to be built by HAL

Dec 2, 2014

'Tax Evading Companies' Beware! China Will Find You and Hunt You Down!

Chinese authorities said on Monday that the administration will be keeping an eye on the finances of foreign companies to clamp down on tax evasion.

Dec 2, 2014

RBI Maintains Key Rates and Hints at Rate Cut in 2015; Growth Pegged at 5.5%

RBI leaves policy rates unchanged but hints at rate cut in 2015; Sensex down 0.60%

Dec 2, 2014

1350 Lufthansa Airlines flights cancelled due to strike

Lufthansa Airlines Strike Affects 150000 Passengers; Free Ticket Rebooking Details

1350 Lufthansa flights cancelled after pilots of the German airlines called the ninth strike in 2014.

Dec 2, 2014

Girl Scouts Cookies Go Online This Holiday Season

Girl Scouts in the US will start selling cookies online through a new platform called the "Digital Cookie" which allows them to track, sell and ship cookies through custom -designed web pages or a mobile application.

Dec 1, 2014