Suresh Narayanan was made the MD of Nestle India at a time when it is facing an unprecedented situation due to nationwide ban on Maggi noodles. Nestle India had recalled its previous managing director Etienne Benet on July 24 and replaced him with the Indian - Narayanan who was heading the company's operations in Philippines.
Greek manufacturing activity plunged in July to its lowest level on records going back 16 years because of a shortage of new orders and significant supply issues caused by a three-week bank shutdown, a survey revealed on Monday.
E-commerce giant Snapdeal is set to raise $500 million in investment from Alibaba Group Holding Ltd, SoftBank Group Corp and Foxconn, the trading name of Hon Hai Precision Industry Co Ltd, a person familiar with the matter said on Monday.
HSBC announced on Monday that net profit fell 3.8% in the three months to June, as the company agreed to sell its Brazilian business for $5.2 billion to Brazil's Banco Bradesco.
Gold steadied not far above a 5-1/2-year low on Monday, struggling to scale higher at the start of the month after its deepest loss in two years in July, as expectations for a near-term hike in US interest rates kept sellers nearby.
India's fourth-largest software services firm HCL Technologies reported a 2.8% decline in its consolidated net profit on Monday, amounting to Rs 1,783 crore for the fourth quarter.
The BSE banking index spurted by 0.99%. Continuing its upward journey for the fourth straight day, the 30-share BSE barometer rose 72.50 points to close at over one-week high of 28,187.06.
Now, all you need is to swipe your phone to get the best foreign exchange rate in town! And, if that is not enough get it delivered at your door step, too. Thanks to a new smartphone app for forex introduced by the country’s first foreign exchange aggregator, FXKart.
The rupee recovered 17 paise at 63.96 against the dollar in early trade on Monday, snapping its two-day losing run, on fresh selling of the US currency by exporters amid fall in global crude prices.
Home loan borrowers, companies, policy makers and the market analysts all have one question in mind: Will the Reserve Bank of India (RBI) governor Raghuram Rajan cut lending rates in the monetary policy review on Tuesday?
The role of independent directors would be crucial in cases where chairperons of companies seek extension after attaining the age of 70 years.
In a new twist to the controversial proposal to strip the Reserve Bank of India governor of his veto power in interest rate decisions, an FSLRC member has said the draft bill does not reflect the views of the panel.
The internet aided by e-commerce is helping boost the income of Chinese farmers and tranforming the backward agricultural sector into a lucrative modern industry.
With the Maggi ban hitting sales of the company's other products, Nestle India's new managing director Suresh Narayanan on Saturday said bringing the instant noodles brand back to the market is his top priority as he sought to strike a conciliatory note with authorities.
Ved Prakash Mahawar took over as the director (Onshore) of state-owned Oil and Natural Gas Corp (ONGC) on Saturday.