Business news

McDonald's Sales Continue Decline after being Hit by China Meat Scandal

Fast food chain McDonald's has been posting continued loss since a Chinese media report revealed its suspected sale of expired beef and chicken used for the nuggets.

Sep 10, 2014

SC to Hear Bar Owners' Plea Against Kerala's Ban on Liquor Sale

The apex court on Wednesday told the State Government not to enforce its order prohibiting functioning of non-five-star hotel bars till Thursday.

Sep 10, 2014

Delhi Metro Scam: UK-Based Alstom Bribed DMRC €3M to Win Contract

Alstom made the payments as "rewards" for receiving favour from DMRC to win the contract.

Sep 10, 2014

Demand-Supply Mismatch: Electricians Earn as Much as Desktop Engineers

Sourcing of skilled workers is becoming harder than before

Sep 10, 2014

Kingfisher and UB Group chairman Vijay Mallya

Guarantor Can Also be Tagged as Wilful Defaulter: RBI

After UBI, SBI too sends defaulter notice to Mallya. Overall loan default by around 50 companies in India amounts to over Rs.40,000 crore.

Sep 10, 2014

Ashok Leyland Bags Orders for 4,000 Buses worth ₹1, 500 crore, Shares Soar

Ashok Leyland: Following the announcement, stock price of each share surged around 5.57% at Rs.40.75.

Sep 9, 2014

India Signs Trade Agreement in Services and Investments with ASEAN

India signed the long-pending free trade agreement in services and investments with the ASEAN on Monday.

Sep 9, 2014

Crisil Chief Executive Roopa Kudva Stepping Down After 7 Years at Helm

Crisil shares fall after the news broke that lont-time CEO is stepping down.

Sep 9, 2014

Diesel may get Cheaper as Crude Oil Price Tumbles

Price review likely on 15 September. Final decision to be taken after consulting finance ministry.

Sep 9, 2014

DoT Asks TRAI to Suggest Reserve Price for Spectrum Auction

The government is looking at a total bid value of ₹25,065 crore from the next round of auction with an aim to earn ₹5000 crore in this financial year.

Sep 8, 2014

Tata Steel to Pay ₹193.34 Crore Bonus to over 30,000 Employees

Tata Steel will pay ₹193.34 crore to 30,269 eligible employees with minimum payout of ₹20,498 for the year to each employee in 2013-14.

Sep 8, 2014

Alibaba's IPO Nears, Plans to raise around $24 billion

Alibaba's Initial Public Offering would be the largest ever on US listed company to value about $163 billion.

Sep 6, 2014

Amazon Black Friday 2014 Deals: Everything To Know About The Biggest Annual Sale

Amazon India comes under Probe for possible violations of FDI rules

ED suspects that Amazon may have been violating rules by selling directly to customers

Sep 6, 2014

Raghuram Rajan speaks during a news conference on the World Economy Outlook in Singapore September 14, 2006.

RBI Governor Raghuram Rajan's First Year: Actions and Impact

After Rajan became RBI governor, the rupee gained, inflation slid and economic output got stronger

Sep 6, 2014

BSE closes points 59.23 down on September 5

New Delhi, Sept 5 (ANI): Trading at the Bombay Stock Exchange today closed 59.23 points down to stand at 27,026.70. At the National Stock Exchange the Nifty closed 9.10 points down to stand at 8,086.85. WOCKHARDT LTD. and NATIONALUM were among the top gainers of Group A with an increase of 13.37% and 8.73% along with BHUSHAN STEEL LTD. and DLF with an increase of 4.96% and 4.87% respectively, while the top losers of Group A include JAIPRAKASH ASSOCIATES LTD. and JPINFRATEC with a decrease of 11.41% and 7.23% along with SUZLON and IFCI with a decrease of 4.25% and 4.24% at the close of the markets. The Auto sector is down 115.46 points at 17,573.42 while the banking sector is down 55.75 points at 18,298.00 and the reality sector is up 20.08 points at 1,765.41. The Indian currency is up 0.12% at Rs 60.43 per dollar.

Sep 5, 2014