Business

  • Future Group
    May 04, 2015 19:56 IST

    Future Group, Bharti to merge retail biz in Rs 750-cr deal

    Kishore Biyani-controlled Future Retail and Sunil Mittal-led Bharti Retail will merge to create one of India’s largest retail chains, with more than 570 stores, in a Rs 750-crore mega deal, the two companies said on Monday.

  • General Motors
    May 04, 2015 10:37 IST

    General Motors set to storm India as Korea costs climb

    General Motors aims to grab at least 5% market share in India within the next decade, as it sees that market overtaking Japan as the world's third biggest with projected annual sales of 8 million vehicles by 2025.

  • Prototype fridge
    May 04, 2015 23:37 IST

    Phasing out refrigerating gas may hit Indian industry

    India’s proposal to phase out refrigerating gas may have provided a fillip to global negotiations, but the domestic industry has apprehensions over the transition cost and the implications for the growing sector.

  • Bombay Stock Exchange
    May 04, 2015 10:02 IST

    Sensex surges 479 points, rebounds from 4-month low

    The benchmark BSE Sensex rallied over 291 points at 27,302.63 in early trade on Monday after a long weekend on fresh buying by participants as the May series in derivatives segment began amid positive Asian cues.

  • Parag Parikh
    May 04, 2015 23:34 IST

    US: India’s original value investor and Buffett fan dies in car crash

    Stock market veteran and one of India’s original value investors, Parag Parikh, died in a car crash in the US on Sunday.

  • Kumar Mangalam Birla
    May 03, 2015 21:25 IST

    Aditya Birla Group merges apparel biz to form Rs 5,290-cr entity

    In a major consolidation exercise, Aditya Birla Group on Sunday merged its apparel businesses into a Rs 5,290 crore entity named Aditya Birla Fashion and Retail (ABFRL), which will be the largest pure-play fashion lifestyle company in the the country.

  • David Goldberg
    May 03, 2015 16:54 IST

    Dave Goldberg, SurveyMonkey CEO and husband of FB's Sandberg, dies

    Dave Goldberg, chief executive officer of SurveyMonkey and husband of Facebook chief operating officer Sheryl Sandberg, died unexpectedly on Friday night, his brother wrote in a Facebook post on Saturday.

  • A collapsed building
    May 03, 2015 23:27 IST

    Govt mulling insurance against natural disaster

    The government may consider setting up a natural calamity insurance pool, especially in the wake of the Nepal earthquake that caused heavy loss of life and property, and sparked warnings that India too is at risk.

  • Warren Buffet
    May 03, 2015 17:04 IST

    Buffett celebrates 50th year at Berkshire, faces tough questions

    Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire expressed optimism the company would thrive over the long haul, even after he is gone.

  • Future Group
    May 04, 2015 15:11 IST

    Future Group's retail business to merge with Bharti Retail

    In a major consolidation between two homegrown retailers, Kishore Biyani-led Future group will hive off its retail business to merge with Bharti Retail.

  • Indian economy
    May 03, 2015 23:52 IST

    Reality check: 7% or 5%? What’s India’s true growth rate?

    How do you spot an economic revival without poring through reams of statistics put out by the official number crunchers? It’s simple. Look around you: are your neighbours dining out more, or has your friend bought a smarter phone?

  • Domino's Pizza logo
    May 03, 2015 14:21 IST

    Paytm partners CCD, Domino's for offline payment

    Paytm's mobile wallet will soon be accepted at quick service restaurants (QSRs), including Domino's and Cafe Coffee Day, as the Alibaba-backed company forays into the offline retail space in the next two months.

  • BSNL
    May 02, 2015 15:34 IST

    BSNL slashes roaming tariff by up to 40%

    State-run telecom operator BSNL on Saturday slashed roaming tariff by up to 40% for its prepaid and postpaid mobile connection with effect from May 1.

  • Akshaya Trittiya
    May 02, 2015 15:57 IST

    Gold extends losses on global cues; Silver stages recovery

    In a mixed pattern of trading, gold extended losses for the second straight day and prices fell by another Rs 160 to Rs 27,030 per 10 grams in tandem with weak global market, while silver rebounded by Rs 510 to Rs 37,210 per kg on revival of buying by industrial units.

  • Arun Jaitley
    May 03, 2015 12:59 IST

    India's holding of US securities crosses $100 bn mark

    Logging fresh one-year high, India's exposure to US government securities reached $101.7 billion as the country purchased nearly $10 billion worth bonds in just one month.