Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
28 Nov 2016
IndiaRBI raises cash reserve ratio to 100%
India's central bank, the Reserve Bank of India, directed the country's banks to maintain a cash reserve ratio of 100% to help absorb the excess deposits being collected in banks.
27 Nov 2016
PatanjaliBaba Ramdev's Patanjali to enter foreign markets on Amazon?
After Amul made its debut across online e-commerce portal Amazon yesterday, the American company is looking to bring Patanjali Ayurved's products overseas, reports said.
26 Nov 2016
US Air ForcePalantir relentlessly raising funds
According to a new SEC filing, American software and services company, Palantir, has raised another $20 million.
26 Nov 2016
IndiaTravel and leisure stock hurt by demonetization?
The recent government move to demonetize high-value currency has left many travel stocks battling to maintain their robust growth.
25 Nov 2016
IndiaZee snags Reliance Group's radio and television businesses
Anil Ambani-led Reliance Group is selling 49% of its stake in the company's radio business and a 100% stake in its TV business to Zee Group, reports said.
23 Nov 2016
IndiaIndian family businesses: Only 15% have succession plans
Reports revealed that just about 15 percent of the country's family businesses have a robust plan for succession.
22 Nov 2016
IndiaCan India capture the global production limelight?
With growing linkages to other economies for export-driven production, India is soon rising up the global production ladder.
21 Nov 2016
MumbaiKarnataka High Court directs closure of Kingfisher Airlines
After mounting debts and losses, India's Kingfisher Airlines was asked to wind up in an order issued by the Karnataka High Court.
20 Nov 2016
InfosysInfosys invests Rs.14.5 crore in AI start-up
Indian software giant Infosys announced investments amounting to Rs.14.5 crore in UNSILO, a Danish start-up that targets text intelligence.
18 Nov 2016
United States of AmericaJPMorgan to pay $264.4 million in Chinese bribery scandal
JPMorgan Chase & Co. was slapped a $264.4 million fine by the federal officials to settle charges which proved that it employed relatives and friends of Chinese officials in order to obtain access to banking deals in China.
18 Nov 2016
IndiaDebt-straddled companies see salaries take a hit
Reports studied by market research firms have revealed that 'compensation increases' and growth have taken a backseat across firms that are heavily indebted.
17 Nov 2016
SmartphonesIndian smartphone maker Lava set to raise $100 million
Pitched to be one of the biggest domestic smartphone manufacturers in India, Lava International is reportedly raising investments of $100 million from chip makers.
16 Nov 2016
IndiaFairness creams' market share appears to be shrinking
The market for men's fairness creams appears to be shrinking; analysts believe this could infact be a long term trend.
16 Nov 2016
IndiaSBI 'writes-off' loans of 63 defaulters
State Bank of India (SBI), India's largest public sector bank has 'written-off' more than Rs. 7,000 crore owed by 63 defaulters.
15 Nov 2016
India2016: India witnesses highest asset sales
Market data reveals that India has chronicled the highest number of asset sales this year than in any other year after the country witnessed liberalization.
15 Nov 2016
Abu DhabiAbu Dhabi looks to attract Indian investors with tax incentives
UAE's capital city of Abu Dhabi is eyeing Indian businesses as potential investors and offering the investors tax incentives such as zero tax for 50 years and full ownership.
14 Nov 2016
DelhiReliance Infra's profits surge this quarter
Anil Ambani-led Reliance Infrastructure posted a 34% surge in profits for their second quarter in the financial year 2016-2017.
12 Nov 2016
IndiaCancer, diabetes drugs down by 35%
The National Pharmaceutical Pricing Authority (NPPA) the drug price regulator in India slashed prices of drugs used to treat diabetes, cancer, asthma and other common ailments.
12 Nov 2016
Reserve Bank Of India (RBI)RBI eases rules for stressed asset resolution schemes
The Reserve Bank of India (RBI) has eased the rules for various stressed asset resolution schemes and extended the scope of a loan recast plan that was previously limited to the infrastructure industry.
11 Nov 2016
Alibaba GroupAlibaba's Singles' Day clocks over $5 billion in one hour
Alibaba Group's 'Singles' Day', a 24-hour shopping event held annually, garnered the online retail giant over $5 billion during the first hour of the shopping spree.
10 Nov 2016
FacebookFacebook looks to rival LinkedIn's job feature
Facebook is reportedly testing a jobs feature and is looking to promote job listing through the social networking site.
10 Nov 2016
United States of AmericaFast food giant McDonald's sues Florence for $20 million
Multinational fast food restaurant chain McDonald's filed a $20 million lawsuit against the Italian city of Florence, under charges that the city blocked the company's plans to open a restaurant.
09 Nov 2016
Narendra ModiSensex falls 1,600 points on Trump's victory, Modi's new move
With global markets roiling after Donald Trump emerged victorious as the next US President, India's Sensex and Nifty fell on the turbulence.
08 Nov 2016
IndiaThe coming IT storm and how it'll affect India
The IT services industry is facing a disruptive headwind.
08 Nov 2016
IndiaOil India sets up Rs.50 crore start-up fund
Assam-based Oil India Limited announced that the company set up the Oil India start-up fund of Rs.50 crore to boost new entrepreneurs and ideas for India's oil sector.
07 Nov 2016
IndiaSBI: Vindhyavasini Group's default payments cross Rs.1,000 crore
India's largest public-sector bank, SBI, revealed that Mumbai-based Vindhyavasini Group has defaulted in payments of over Rs.1,000 crore to the bank.
07 Nov 2016
IndiaRs.1 note now printed at a profit
In an RTI filing, the RBI revealed that two mints charge different amounts for printing the same currency notes.
04 Nov 2016
Bombay High CourtNestle India's Q3 results show normal course of business
Nestle India Limited's Q3 2016 results indicated that things are back on track after the Maggi noodles recall incident.
03 Nov 2016
IndiaWipro's massive drive to drive automation
Indian software company Wipro is looking to bolster automation across the company's varied segments, enabling greater productivity.
02 Nov 2016
IndiaSBI slashes home loan rates: Cheapest in the market
Bringing much cheer to India's home loan borrowers, the State Bank of India (SBI) slashed their interest rates by 0.15 percent, reports said.
01 Nov 2016
Ratan TataWas Cyrus Mistry right about the allegations against Tata Group?
Chronicling the many allegations made by Cyrus Mistry, a report studied the facts to check if they were right.
01 Nov 2016
IndiaPNB set to issue bonds worth Rs.6,000 crore
Punjab National Bank announced plans to launch a massive bond issue to help raise funds amounting to Rs.6,000 crore.
31 Oct 2016
DiwaliBSE, NSE lie low after special Diwali trading session
With the beginning of the new Hindu calendar on Sunday, India's stock exchanges fell flat during the special Muhurat trading session.
30 Oct 2016
MumbaiTata Steel: European steel business sale plans unchanged
With the removal of Cyrus Mistry from Tata Group's board, the company attempted to allay fears surrounding its European steel business consolidation.
30 Oct 2016
United States of AmericaCraft beer market beginning to get sluggish
The world's biggest brewer, Anheuser-Busch - maker of Budweiser - conceded yesterday for the first time that the craft beer segment was indeed slowing down.
29 Oct 2016
AmazonAmazon posts third-quarter earnings; misses estimates
Amazon posted third-quarter 2016 earnings 52 cents a share on revenue of $32.71 billion.
29 Oct 2016
IndiaFlipkart's Sachin Bansal eyes lobby group for start-ups
Flipkart's co-founder Sachin Bansal is eyeing the possibility of creating a lobby group for start-ups across the country.
28 Oct 2016
Elon MuskUber set to explore flying cars for its commuters
Uber has outlined plans to provide electric flying cars to its commuters within the next ten years.
28 Oct 2016
IndiaCoca-Cola losing the fizzy drinks race?
Beverage maker Coca-Cola saw its sales in India drop by 4% during their third quarter.
28 Oct 2016
IndiaITC clocks robust sales amidst GST woes
Cigarette maker ITC saw better days as their cigarette business posted solid profits, despite the growing apprehension about GST rates.
