National & International Financial news and Updates

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India's IT expenditure to touch $72.3 billion in 2016, says Gartner

India will become the second largest IT market in the Asia Pacific by 2019.

Nov 4, 2015

Indian cotton exports to increase, Bangladesh replaces China as top buyer

Textile commissioner expects higher demand for cotton from Bangladesh, Pakistan and Vietnam.

Nov 4, 2015

Restaurants worry as home-dining services take eating out off the table

Chefs cook food for guests and host meals at their own homes.

Nov 3, 2015

Adani Ports sees 16% increase in net profit; ready to do Vizhinjam port

The profit increased from Rs.1, 868 crore from last year to Rs. 1,986 crores this year.

Nov 2, 2015

Greek banks must raise $15.9 billion to survive crisis, says ECB

Greece would need $4.84 billion to meet the standard scenario of economy.

Nov 1, 2015

LinkedIn profit surpasses estimates; hiring service, ads revenue surges

The company's full-year profit and revenue forecasts jumped 12%.

Oct 30, 2015

Narendra Modi holds monthly meetings to revive stalled projects

Prime Minister Narendra Modi has set an ambitious goal of making India one of the 50 most business-friendly destinations in the world by 2017.

Oct 30, 2015

Bank of Tokyo-Mitsubishi UFJ opens Islamic finance business in Dubai

Large Asian lenders are increasingly seeing Islamic finance as a way to tap liquidity in south-east Asia and the Gulf.

Oct 29, 2015

US unwilling to sign free trade deal with UK outside of EU, says trade czar

At the end of 2017, British voters will decide if UK stays within the EU.

Oct 29, 2015

Apple makers to focus on iPhone sales during holiday season

Many analysts believe China is set to replace the United States as Apple's biggest market.

Oct 28, 2015

Eros tries to reassure investors after shares slump

Eros enjoyed a hit this year with "Bajrangi Bhaijaan" that has earned Rs. 3.15 billion ($48.50 million) so far.

Oct 27, 2015

United Phosphorous Ltd Q2 net profit rises by 59%

The company posted a net profit of Rs.320.91 crore for the quarter ended 30 September.

Oct 26, 2015

US expands probe into Deutsche Bank's Moscow breach of sanctions

The regulatory probe involving trades worth $6 billion has to do with sanctions against Russia.

Oct 26, 2015

Malaysia poised to become global hub for Islamic finance, says central bank governor

Global Islamic finance is an industry with assets valued at about $2.1 trillion in 2014.

Oct 24, 2015

Ericsson posts net income of $364 million for third quarter

India has emerged as the highest growing region for Ericsson, 81% over the last year.

Oct 24, 2015

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