Business

  • May 24, 2015 23:27 IST

    Stand by for Microsoft’s big acquisition

    Satya Nadella seems set for his next big purchase -- and Microsoft has about $95 billion in cash. That is about Rs 600,000 crore! Reports came at the weekend that the software giant pulled back from acquiring Salesforce.com, arguably the biggest small-business software company located in the cloud (or the internet).

  • May 24, 2015 10:09 IST

    Struggling BlackBerry announces new round of layoffs

    BlackBerry is laying off an unspecified number of workers around the world as the struggling smartphone manufacturer tries to make its device business profitable.

  • May 24, 2015 09:13 IST

    In US, Wal-Mart urges meat suppliers to curb antibiotic use

    Wal-Mart Stores Inc is pressing meat, seafood, dairy and egg suppliers to reduce the use of antibiotics, becoming the first large retailer to take such a public stand against the excessive use of drugs in raising farm animals.

  • May 23, 2015 14:56 IST

    Markets on upward trajectory, closes on 5-week high

    The markets continued their northbound journey for the third consecutive week and closed on a five week high. Both the BSE sensex and CNX Nifty surged and closed at 634 and 197 points respectively.

  • May 23, 2015 15:41 IST

    CCI orders probe against Ericsson over norms 'violation'

    Fair trade regulator CCI (Competition Commission of India) on May 23 ordered a detailed probe against Swedish telecom giant Ericsson, after it 'prima facie' found the company in violation of the competition norms.

  • May 23, 2015 16:18 IST

    ArcelorMittal forges bond with SAIL for steel plant in India

    Lakshmi Mittal signs a deal with SAIL for a steel plant in India

  • May 22, 2015 23:30 IST

    Buying drugs? You need a prescription if US has banned them

    If the drug you consume is banned in US, UK, Canada, Japan, European Union or Australia, you may need to get a new prescription. The government is streamlining the drug regulatory system to filter drugs with serious side effects, based on their ban status from six major drug regulators globally.

  • May 22, 2015 22:45 IST

    Digital native startups break rules, junk manners

    Youth, optimism and thinking big are now the defining traits in a city whose mild weather is heated up by young and restless entrepreneurs. In such a mood, reckless, impulsive talk is not just accepted. It is almost celebrated.

  • May 22, 2015 22:37 IST

    BSE drops Tata Power from Sensex; Lupin to come in

    Private sector electricity producer Tata Power will move out of the stock market benchmark index Sensex and will be replaced by drugmaker Lupin.

  • May 22, 2015 09:30 IST

    Airlines under scanner, face probe for alleged arbitrary hike in fares

    Airlines face a fresh probe for suspected cartelisation and for the alleged arbitrary hike in airfares, with the fair trade regulator CCI Thursday saying it needs to get to the bottom of the issue.

  • May 22, 2015 17:58 IST

    Simplified income tax return forms to be notified by next week

    The finance ministry will come out with simplified Income Tax Return (ITR) forms by the next week, replacing the controversial ones that have been put on hold.

  • May 22, 2015 23:10 IST

    HT Media, NorthBase join hands to aid digital start-ups

    HT Media Ltd and US-based North Base Media (NBM) on Friday jointly launched Mediahack.in, an initiative aimed at promoting and supporting budding entrepreneurs. The joint venture will focus on building digital media companies based on original content and advertising-related technologies.

  • May 22, 2015 19:39 IST

    India plans new oil subsidy rules to push ONGC stake sale

    India plans to reform rules governing the level of discounts upstream state oil firms including ONGC offer to retailers, a senior finance ministry official said on Friday, a move that could expedite the sale of a stake in the company.

  • May 22, 2015 09:58 IST

    Sensex closes 148 points up, highest in a month

    The benchmark BSE Sensex recovered by over 148 points Friday to close at a one-month high of 27,957.50 on across-the-board buying by participants amid renewed hopes of a rate cut and better-than-estimated corporate earnings.

  • May 22, 2015 21:16 IST

    SpiceJet to hold flash sales on Saturday

    On the occasion of completing 10 years in operation, budget passenger carrier SpiceJet on Friday announced a 'Happy Birthday to Us' flash sale offering a 10% discount on select flights.