Business news

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Infosys Beats Market Expectations, Net Profit Up 13% in Q3; Employees to Get 100% Bonus Payout

Infosys has maintained its annual sales growth guidance at 7-9 per cent.

Jan 9, 2015

J.C. Penney to Close Down 40 Stores in US, Cut 2,250 Jobs

J.C. Penney, the famous retailer announced on Thursday that it would close down 40 stores, constituting about 4 percent of its outlets, across the US this year.

Jan 9, 2015

Tata's Vistara Airlines Seeks To 'Do It Right'

India witnesses the return of the Tatas in the airline industry. Armed with domain knowledge and experience, their aviation company Vistara, a Tata Sons-Singapore Airlines joint venture, aims to redefine India's full-service airline industry.

Jan 9, 2015

After ONGC, Govt to Sell Stakes in GAIL and Oil India Ltd?

The subsidy sharing formula is being reworked to help limit the subsidy burden of the upstream companies.

Jan 9, 2015

Qatar Airways Group Chief Executive Officer Akbar Al Baker

Qatar Airways Eyes Indigo Stake; Seeks Larger Footprint in India

"It is extremely important for the Prime Minister to put the aviation growth in India as priority," Qatar Airways CEO Al Baker said.

Jan 8, 2015

Gold Imports Fall to 39 Tonnes in Dec; Exporters Seek Duty Drawbacks in Budget 2015

Post scrapping the 80:20 gold import/export scheme, gold import for December 2014 sharply to 39 tonnes.

Jan 8, 2015

BSE closes points 365.89 up on Jan 8

New Delhi, Jan 8 (ANI): Trading at the Bombay Stock Exchange today closed 365.89 points up to stand at 27,274.71. At the National Stock Exchange the Nifty closed 132.50 points up to stand at 8,234.60. PIPAVAVDOC and BERGE PAINT were among the top gainers of Group A with an increase of 18.07% and 10.90% along with DELTA CORP LTD. and VOLTAS with an increase of 6.87% and 6.54% respectively, while the top losers of Group A include PMCFIN and HATHWAY with a decrease of 4.97% and 2.62% along with RELIGARE and FINOLEX INDUSTRIES LTD with a decrease of 2.56% and 2.15% at the close of the markets. The Auto sector is up 290.48 points at 18,825.01 while the banking sector is up 434.63 points at 21,413.49 and the reality sector is up 40.01 points at 1,553.73. The Indian currency is up 0.89% at Rs 62.61 per dollar.

Jan 8, 2015

China Catches 680 Fugitive Criminals Through Anti-Corruption Campaign

The Chinese government announced on Thursday that it managed to nab 680 people accused of committing economic crimes and had fled the country with their ill-gotten money

Jan 8, 2015

Bill Gates' Latest Project is Turning Poop into Drinking Water! (WATCH)

Bill Gates, the billionaire founder of Microsoft, is famous for his involvement in social projects and philanthropic ventures and his latest one seems to be a little stinky.

Jan 8, 2015

Sacked Employees to File Lawsuit against TCS

Sacked employees of TCS, backed by the Forum for IT Employees are contemplating legal recourse in a local court of law.

Jan 8, 2015

SpiceJet Misses December 2014 Salary Payment Deadline

Sources from within the airline reaffirmed that no disruptions are expected for the month.

Jan 8, 2015

Elections 2015: Is Sri Lanka Ready for Peace and 'Inclusive' Democracy?

Even as Rajapaksa and Sirisena fight out the elections, the promise of lasting peace appears like an illusion.

Jan 7, 2015

Verizon Dismisses AOL Acquisition Rumours; Doesn't Rule Out Merger

Verizon Communications Inc., the famous internet service provider, dismissed rumors that it had offered to buy internet media firm AOL but didn't rule out a potential merger with the company.

Jan 7, 2015

BSE closes points 78.64 down on Jan 7

New Delhi, Jan 7 (ANI): Trading at the Bombay Stock Exchange today closed 78.64 points down to stand at 26,908.82. At the National Stock Exchange the Nifty closed 25.25 points down to stand at 8,102.10. BEL and JUBILANT LIFE SCIENCES LIMITED were among the top gainers of Group A with an increase of 12.38% and 11.11% along with SUZLON and UBL with an increase of 9.20% and 8.35% respectively, while the top losers of Group A include PMCFIN and RASOYA PROTEINS LTD. with a decrease of 4.95% and 4.67% along with IRB and GREAT EASTERN SHIPPING CO.LTD. with a decrease of 4.39% and 4.11% at the close of the markets. The Auto sector is up 0.86 points at 18,546.79 while the banking sector is down 84.32 points at 21,031.53 and the reality sector is down 4.09 points at 1,513.72. The Indian currency is down 0.37% at Rs 63.33 per dollar.

Jan 7, 2015

Potato Crisis: McDonalds in Venezuela Running Short of French Fries

More than a 100 outlets of McDonalds, the popular fast food chain, in Venezuela have run out of potatoes and have temporarily stopped serving French fries.

Jan 7, 2015