Business news

Bill Gates Invests in Venture-Capital Seed Fund in India, Supports Innovation

Bill Gates, the billionaire founder of Microsoft, has pledged an investment in the Unitus Seed Fund – an impact fund that focuses on social, economic and technological development in India.

Nov 17, 2014

Kochi Muziris Biennale 2014: Shashi Tharoor, Ashiq Abu Ask Followers to Help Raise Rs. 15 Crore [VIDEO]

India's biggest contemporary art event, Kochi Muziris Biennale, has launched an online crowd-funding drive to engage the public

Nov 16, 2014

Andhra Pradesh could become home to India's first Disneyland.

India's First Disneyland: Andhra Pradesh Could be Home to 'Happiest Place on Earth'

Disneyland is among the many initiatives planned by the government to tap the state's tourism potential.

Nov 16, 2014

Halliburton Going Hostile with Baker Hughes Merger

Halliburton Co., the famous oil-field services giant is rushing the merger with rival Baker Hughes Inc threatening to replace its entire board of directors, according to several news reports.

Nov 15, 2014

G20 Summit 2014: What you need to Know and What You Need to See (PHOTOS)

Leaders from the Group of 20 member countries and other nations have arrived at the Australian city of Brisbane for the G20 Summit. The two-day summit, which begun today will mark the ninth global leaders meeting.

Nov 15, 2014

Infosys Ties Up with DreamWorks Animation as Hasbro Deal Falls Apart

Infosys Ltd., the Indian multinational software corporation, has tied up with DreamWorks Animation SKG, the Hollywood studios credited with the making of "Shrek" and "Kung Fu Panda", to develop new engineering solutions, as merger talks with Hasbro Inc seem to take a backseat.

Nov 15, 2014

BSE closes points 106.02 up on Nov 14

New Delhi, Nov 14 (ANI): Trading at the Bombay Stock Exchange today closed 106.02 points up to stand at 28,046.66. At the National Stock Exchange the Nifty closed 32.05 points up to stand at 8,389.90. JAIPRAKASH ASSOCIATES LTD. and JPPOWER were among the top gainers of Group A with an increase of 8.92% and 7.51% along with SAIL and GSPL with an increase of 7.41% and 7.30% respectively, while the top losers of Group A include BALKRISHNA INDUSTRIES LTD and FINOLEX INDUSTRIES LTD with a decrease of 15.89% and 8.77% along with FINOLEX CABLES LTD and TVS MOTOR with a decrease of 4.87% and 4.65% at the close of the markets. The Auto sector is up 115.72 points at 18,659.93 while the banking sector is up 143.29 points at 20,118.77 and the reality sector is up 38.25 points at 1,669.36. The Indian currency is down 0.36% at Rs 61.77 per dollar.

Nov 14, 2014

Eurozone Inflation and Growth to Remain Low: ECB Survey

A recent survey of professional forecasters by the European Central Bank showed that inflation and growth in the region will remain low for the year due to oil prices slowdown and the sluggish economic recovery in the Eurozone.

Nov 14, 2014

SBI Q2 Profit Rises 30.5% to ₹3,100 Crore, Lags Estimates

Signs of revival in economic indicators have made banks optimistic.

Nov 14, 2014

Smart Deal: Warren Buffett Swaps Stake in P&G for Duracell Unit

Warren Buffett's firm Berkshire Hathaway has agreed to swap $4.7 billion worth of shares in Proctor & Gamble, the multinational consumer goods conglomerate, to take over its profitable battery unit – Duracell.

Nov 14, 2014

US Luxury Home Sales Surge as Wealthy Investors Cash in on Property

Sales of multi-million dollar homes have surged across the US wealthy investors hope on cashing in on the bullish upscale property market of the country.

Nov 14, 2014

BSE closes points 68.26 down on Nov 13

New Delhi, Nov 13 (ANI): Trading at the Bombay Stock Exchange today closed 68.26 points down to stand at 27,940.64. At the National Stock Exchange the Nifty closed 25.45 points down to stand at 8,357.85. BALRAMPUR CHINI MILLS LTD. and AMTEK AUTO were among the top gainers of Group A with an increase of 17.22% and 8.67% along with DELTACORP and CUB with an increase of 6.80% and 6.20% respectively, while the top losers of Group A include BAJAJ ELECTRICALS LTD. and MAX with a decrease of 11.53% and 6.59% along with HINDPETRO and UNITECH with a decrease of 6.11% and 5.46% at the close of the markets. The Auto sector is down 73.35 points at 18,544.21 while the banking sector is down 142.30 points at 19,975.48 and the reality sector is down 23.81 points at 1,631.11. The Indian currency is up 0.12% at Rs 61.58 per dollar.

Nov 13, 2014