Business news

Alibaba Founder Jack Ma Says he is Inspired by Modi's Speech

Ma says he is in favour of more business ties between India and China; and hopeful of more Indian vendors selling products to Chinese users via Alibaba

Nov 26, 2014

China Slaps Microsoft with $140 Million Tax Fine

China has levied a massive $140 million fine on Microsoft Corp for tax evasion in the country, according to reports.

Nov 26, 2014

Twitter CFO Accidentally Tweets Acquisition Plan; Who's it Trying to Buy?

Anthony Noto, the chief financial officer of Twitter accidentally let out the social media company's possible acquisition plan in what is being touted as an epic "DM" fail.

Nov 25, 2014

News Corp Invests $30 Million in Indian Property Website PropTiger.com

News Corp, the Rupert Murdoch-led media giant, has made an investment worth of $30 million on Indian real estate website PropTiger.com.

Nov 25, 2014

BSE closes points 161.49 down on Nov 25

New Delhi, Nov 25 (ANI): Trading at the Bombay Stock Exchange today closed 161.49 points down to stand at 28,338.05. At the National Stock Exchange the Nifty closed 67.05 points down to stand at 8,463.10. AIA ENGINEERING LTD. and RELIGARE were among the top gainers of Group A with an increase of 5.53% and 5.51% along with FINCABLES and SADBHAV with an increase of 5.17% and 5.07% respectively, while the top losers of Group A include INDIA CEMENTS LTD. and NETWORK18 with a decrease of 9.20% and 8.96% along with UNITECH and JPPOWER with a decrease of 8.38% and 8.02% at the close of the markets. The Auto sector is down 201.34 points at 18,736.68 while the banking sector is down 277.90 points at 20,649.30 and the reality sector is down 55.25 points at 1,596.34. The Indian currency is down 0.08% at Rs 61.88 per dollar.

Nov 25, 2014

United Technologies CEO Steps Down Abruptly; CFO to Take Over

Louis Chenevert, the chief executive officer of United Technologies, the multinational conglomerate, stepped down from the post abruptly on Monday, Nov.24, 2014. He has been replaced by Gregory J. Hayes, the Chief Financial Officer and Senior Vice president of the company.

Nov 25, 2014

Russia Could Scale Back on Oil Production Ahead of OPEC Meet

Russia mulls limiting its annual oil production to 525 million tons due to falling prices and western sanctions.

Nov 25, 2014

Xiaomi to Make Phones in India, Possibly in Nokia's Chennai Plant

Xiaomi, the world's third-largest mobile phone vendor is targeting India, its second-biggest market

Nov 25, 2014

BSE closes points 164.91 up on Nov 24

New Delhi, Nov 24 (ANI): Trading at the Bombay Stock Exchange today closed 164.91 points up to stand at 28,499.54. At the National Stock Exchange the Nifty closed 52.80 points up to stand at 8,530.15. JSWENERGY and PERSISTENT were among the top gainers of Group A with an increase of 7.18% and 7.01% along with ALSTOM T&D and BEL with an increase of 5.74% and 5.55% respectively, while the top losers of Group A include RASOYA PROTEINS LTD and KAILASH with a decrease of 4.72% and 4.61% along with FRL. and ESSAROIL with a decrease of 4.57% and 4.19% at the close of the markets. The Auto sector is up 12.74 points at 18,938.02 while the banking sector is up 243.66 points at 20,927.20 and the reality sector is up 26.39 points at 1,651.59. The Indian currency is up 0.26% at Rs 61.92 per dollar.

Nov 24, 2014

Onex Buying Swiss Packaging Group SIG for $4.66 Billion

Onex Corp, the Canadian private equity firm, announced on Monday that it would be acquiring SIG Combibloc Group AG, the Switzerland-based packaging giant for a deal worth $4.66 billion.

Nov 24, 2014

'To Cut or not to Cut' - All Eyes on OPEC as Oil Prices Tumble

As oil prices continue to tumble southwards, the world is awaiting a "supply cut" decision from the Organization of Petrol Exporting Countries (OPEC), which is poised to meet on Thursday in Vienna, Austria.

Nov 24, 2014

Black Friday 2014 Shopper's Guide; Find The Working Hours For The Stores Around You

Thanksgiving Turning into Black Friday? Why Stores are Unveiling Deals One Day Before Epic Sale

In a bid to ramp up sales and meet customer demand, several American retailers are expediting their deals meant to roll out on Black Friday, the great shopping event, to Thanksgiving Day.

Nov 24, 2014

2015-16 Union Budget to be People Friendly? Jaitley Decides Not to Burden Middle Class

Jaitley is looking for a people-friendly budget by keeping the middle class free of tax burden.

Nov 23, 2014

Future Group Acquires Nilgiris Chain for Rs 300 Crore

Future Consumer Enterprise Ltd., the FMCG arm of Future group, has acquired Nilgiris dairy Farm Pvt Ltd., the South Indian convenience stores chain for a deal worth INR 300 Crore.

Nov 22, 2014

How China's Clever Interest Rate Cut Gets Markets Excited; Will it Help the Economy?

The People's Bank of China (PBOC), the country's central bank, cut long term lending rates by 40 base points on Friday to buoy its faltering economy as a measure to avoid the hard market crash threatening the country. It also reduced its one-year deposit rate by 0.25 percent to 2.75 percent.

Nov 22, 2014