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Image used for representational purpose.  (Reuters)
Sensex, Nifty slip on profit-booking; Sun Pharma drags

Sun Pharma leads the fall after its U.S. arm reported weak quarterly results, while investors booked profit in recent outperformers such as ITC Ltd.

23 May 2017

Give India an Asian dividend: Pradhan

Minister of State (I/C) for Petroleum and Natural Gas, Dharmendra Pradhan on Monday urged OPEC countries to provide India an ‘Asian Dividend rather than Asian Premium’.

23 May 2017

Cisco acquires Saggezza’s advanced analytics team

Communications technology giant Cisco announced the takeover of yet another technology firm, this time the Advanced Analytics Team and associated advanced analytics intellectual property developed by

23 May 2017

Microsoft India, TSSC team up to kick off Project Sangam

Software major Microsoft will tap into the growing demand for skilled workforce in information technology and telecom sector and the need to reskill the existing professionals to meet the demand of gl

23 May 2017

Five-pronged plan to drive BoI forward

Dusting off its old playbook, Bank of India’s (BoI) new MD & CEO, Dinabandhu Mohaptra, has chalked out a 5-pronged strategy to reposition the bank’s road to profitability.

23 May 2017

A police officer stands guard in front of the Reserve Bank of India (RBI) head office in Mumbai, India (File | Reuters)
RBI outlines action plan to tackle bad debt mess

The Reserve Bank of India on Monday has come out with an action-plan to expedite the recovery of bad loans.

23 May 2017

File (Reuters)
Ford replaces CEO Mark Fields in push to transform business

Ford is replacing CEO Mark Fields as it struggles to keep its traditional auto-manufacturing business running smoothly.

23 May 2017

Minister of State, Petroleum and Natural Gas, Dharmendra Pradhan | PTI
Stop charging premium from Asian buyers: India to OPEC

India today once again asked oil cartel OPEC to stop charging premium from its Asian buyers saying oil producers should not subsidise others at the expense of countries like India.

22 May 2017

Air India (File Photo | PTI)
Air India plans to raise Rs 80 crore through sale of properties

The national carrier has mandated the state-run auctioneer MSTC to put these properties under the hammer.

22 May 2017

Reliance Jio. | Reuters File Photo
Despite Reliance Jio's 4G scheme, demand low: Report

The monthly subscriber report released by telecom regulator Trai for March shows that Reliance Jio's low price 4G mobile service scheme Prime is not driving demand.

22 May 2017

A police officer stands guard in front of the Reserve Bank of India (RBI) head office in Mumbai, India (File | Reuters)
RBI sets rupee reference rate at 64.5632 against US dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.5632 against the US dollar and 72.2333 for the euro.

22 May 2017

The corporate logo of financial firm Morgan Stanley. | File/Reuters
GST to have minimal impact on CPI Index: Morgan Stanley

The Goods and Services Tax (GST) is likely to have minimal direct impact on the consumer price index (CPI) basket, a report said.

22 May 2017

Sensex | REUTERS
Sensex rises by 106 points as FMCG stocks rally

The 30-share index closed at 30,570.97 points, up by 106.05 points, or 0.35 per cent over the last close. The index had gained 30 points on Friday.

22 May 2017

Tata Motors. (File photo | Reuters)
Tata Sons appoints Saurabh Agrawal as group Chief Financial Officer

One of the leading investment bankers in India, Agrawal will join Tata Sons with effect from July 2017, the company said in a statement.

22 May 2017

GAIL fourth quarter profit falls on impairment charge

State-run gas utility GAIL (India) Ltd posted a 69 percent fall in fourth-quarter profit on account of impairment charge on an investment.

22 May 2017

The logo of the Royal Bank of Scotland (RBS) is seen at an office building in Zurich. (File | Reuters)
RBS tries for last-minute settlement before investor court case: Sources

RBS is facing civil trial with the plaintiffs alleging that the bank's former executives gave a misleading picture of bank's financial health.

22 May 2017

Image used for representational purpose only. (File photo | AP)
Cathay Pacific sacks 600 staff in major shakeup in two decades

In a company statement on Monday, the airline said it would shed 190 management roles as well as 400 non-managerial positions at its Hong Kong head office.

22 May 2017

OPEC Secretary General Mohammed Barkindo . (File|Reuters)
From suspicion to engagement: OPEC, hedge funds and the Sistine Chapel

Barkindo, elected to OPEC's top job in June 2016 to deal with an oil price slump, told Morse that OPEC wanted to better understand the way financial players worked in the oil markets.

22 May 2017

Signage is seen at the Samsung 837 store in the Meatpacking District of Manhattan, New York. (AP)
Samsung Electronics says will continue looking for M&A opportunities

The world's top maker of memory chips, smartphones and televisions has grown more aggressive in acquiring companies in recent years.

22 May 2017

The logo of Airbus Group is seen on the company's headquarters building in Toulouse, Southwestern France. (File | Reuters)
Airbus hires outside monitors amid fraud investigations

Airbus is in the midst of a sweeping compliance shake-up after acknowledging making flawed applications for export credit support from Britain for commercial jets.

22 May 2017

Adani Group chairman Gautam Adani. (File | Reuters)
Adani defers Australian coal project investment decision

India's Adani Enterprises has deferred a final investment decision on its long-delayed Australian Carmichael coal project.

22 May 2017

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