Business

  • Time Warner Cable Inc to be bought by Charter Communications
    May 26, 2015 16:06 IST

    Charter Communications to buy Time Warner Cable in a $78.7 bln deal

    Charter Communications will spend $55.33 billion to acquire Time Warner Cable in a cash-and-stock deal that would instantly create one of the largest TV and Internet providers in the US.

  • Bombay Stock Exchange
    May 26, 2015 10:30 IST

    Sensex falls 112 points on earnings worry, derivatives expiry

    The benchmark BSE Sensex on Tuesday declined by another 112 points to close at over one-week low of 27,531.41 due to continued selling in heavyweights such as ITC, Tata Motors and Vedanta on muted earnings amid weakening rupee.

  • Amazon starts declaring sales in the European countries
    May 26, 2015 15:18 IST

    Amazon will pay taxes on sales in EU nations

    Online retailer Amazon said it has started declaring sales made in major European markets in the respective countries instead of Luxembourg. This means, it will pay taxes on the sales in the nations itself, instead of paying them for all in Luxembourg.

  • rupee
    May 26, 2015 10:53 IST

    Rupee plunges to 64-level vs US dollar

    The rupee depreciated 11 paise to 63.68 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange market as the American currency firmed up overseas.

  • Jay Y. Lee
    May 26, 2015 13:33 IST

    Samsung to merge two of its subsidiaries

    Samsung Group announced today the merger of two major affiliates, as the South Korean business giant accelerates restructuring efforts ahead of a generational power transfer within the founding Lee family.

  • Vodafone
    May 25, 2015 23:41 IST

    Vodafone seen reviving India IPO plan, $4 billion float likely

    While the company has officially maintained that no decision has yet been taken on the long-planned initial public offer (IPO), investment banking sources have indicated that Vodafone is examining the proposal for a $3-4 billion float by fourth quarter (January to March) of 2015-16.

  • Alibaba
    May 25, 2015 23:01 IST

    Alibaba ‘fighting fakes’ by fostering local brands

    Chinese e-commerce giant Alibaba is working with 17 shoe manufacturers here to cultivate home-grown brands online after being criticised and even sued by luxury brand Gucci for facilitating the fake-goods trade.

  • inlfation
    May 26, 2015 00:10 IST

    Indian companies to export cheese to Russia soon

    Russia will soon get to taste Indian cheese.

  • Mukesh Ambani, Gautam Adani
    May 25, 2015 20:51 IST

    One year of Modi govt: Ambanis down in stock market, Adani up

    As the Modi government completed its first year on Monday, the stock market wealth has grown by over Rs 10 lakh crore in this period with conglomerates like Tatas, Adani, Bharti, HDFC and Sun Groups clocking huge gains.

  • Mont blanc
    May 25, 2015 23:59 IST

    Mont Blanc-Titan single brand retail J-V gets nod

    The Foreign Investment Promotion Board (FIPB) on Monday gave its nod to the Rs 33.55 crore 51:49 joint venture proposal, which will effectively end the current arrangement of the Dutch pen-maker with its only distributor in India, former cricketer Dilip Doshi.

  • Ratan Tata
    May 26, 2015 10:18 IST

    Tata and Forbes in the race for IIT-Bombay chairman's post

    Industrialists Ratan Tata and Naushad Forbes are among those being considered for the the next chairperson of IIT-Bombay

  • Arun Jaitley
    May 25, 2015 20:35 IST

    More steps on curbing black money on anvil: Jaitley

    Finance Minister Arun Jaitley on Monday hinted at coming out with more steps on squeezing black money but assured honest taxpayers that they need not fear the new law to unearth unaccounted wealth stashed abroad.

  • May 25, 2015 15:21 IST

    ICICI launches voice 'password' facility for users

    Country's largest private lender ICICI Bank today said it has launched a service where customers can make transactions using just their voice, without using other means of authentication like a password.

  • Bombay Stock Exchange
    May 25, 2015 10:16 IST

    Sensex sinks 313 points on worries over lower earnings

    The benchmark BSE Sensex plunged over 313 points Monday to settle at 27,643.88 and the Nifty dived below the crucial 8,400 mark due to widespread profit-booking after recent gains amid lower-than-expected earnings numbers from ITC.

  • Rupee
    May 25, 2015 10:23 IST

    Rupee snaps 2 days' rise vs dollar, down 5 paise

    Snapping its two-day rising streak, the rupee on Monday slipped by 5 paise to close at 63.57 per dollar on fresh demand for the American currency from banks and importers amid sharp fall in the domestic equity market.