Business News
Why Indian rupee is falling against the US dollar
The rupee started at just above 66 on January 1, 2016 but since then has been moving sharply downwards with the currency crossing the 67 level on the January 14, 2016 and the 68 mark on the January 20.Like the stock markets, the Indian…
Pound Hits Near Six-Year Low Against Dollar
Pound Hits Near Six-Year Low Against DollarSterling is on the slide amid worries over the economy and inflation looking likely to remain low as oil falls below $33 a barrel.The pound has slipped to a near six-year low against the US dollar as…
Macy's Cutting 4,800 Jobs And Closing 40 Stores
The department store chain saw a 5.2% drop in sales in November and December as shoppers switch online.Macy's has announced it is cutting up to 4,800 jobs and closing 40 stores after a miserable holiday season.America's largest department store chain, which also operates…
UK New Car Sales Reach All-Time High In 2015
Numbers top 2.63 million after a record December though Volkswagen saw volumes slip last month after the diesel emissions scandal.New car sales reached an all-time high last year, according to new industry figures.The Society of Motor Manufacturers and Traders (SMMT) said 2.63 million…
Drop in oil prices might continue through first half of 2015, says IEA
The International Energy Agency (IEA) is maintaining its forecast of a weak increase in global oil demand this year, pointing out that the demand might increase slightly in 2015.In its monthly report released on Friday, the IEA noted that the continuous drop in oil…
Facebook founder Mark Zuckerberg donates USD 25 million to fight Ebola
Facebook co-founder Mark Zuckerberg announced on that social networking site that he and his wife, Priscilla, donated $25 million to the United States Centres for Disease Control and Prevention for the fight against the Ebola virus disease.The founder of the popular social networking website…
MFs' exposure to bank stocks hits record-high
Mutual fund (MF) managers raised their exposure in bank stocks to an all-time high of nearly Rs 55,000 crore in June this year amidst soaring equity market.According to the latest data available with market regulator Sebi, mutual fund (MF) investments in banking stocks reached…
Narendra Modi hints at increased private sector role in Railways
Ahead of the Rail Budget, Prime Minister Narendra Modi on Friday hinted at an increased role of the private sector in development of railways."We want the railway stations to have better facilities than airports. This is our dream and it is not a difficult…
Gold price falls; silver rises by Rs 300
Gold prices fell by Rs 10 to Rs 28,650 per 10 grams in the national capital on Friday on decline in demand for the metal at prevailing levels, amid a weak global trend.However, silver continued its rising trend for the third straight day and…
Sensex crosses 23,000 points on BJP win hopes
The BSE Sensex hit a record high on Friday on hopes the opposition Bharatiya Janata Party would win a majority in elections set to conclude next week, sending blue-chips such as ICICI Bank sharply higher.The five-week-long elections are set to conclude on Monday, with…
Recommended News
Recent News
Japan stocks continue to gain despite the Brexit turmoil
Japanese shares on Tuesday continued to roll back losses from last Friday's sharp post-Brexit tumble.
After initial losses in morning……
VW US emissions settlement reported to cost $15bn
German carmaker Volkswagen has reportedly reached a $15bn (£11.3bn) settlement with US car owners after admitting it cheated emission tests.……
EU referendum: What next for the world's central banks?
Economic policymakers must now decide whether and how they should respond to the UK's vote to leave the EU.
A……
Tesco To Sell Coffee Chain To Caffe Nero
Shares rise as the supermarket reveals plans to sell its coffee business and reports more sales growth for the wider……
Flat Day For Pound As EU Vote Looms Large
A much calmer session for the pound and world stock markets, reflecting relative calm despite the referendum on Thursday.
Sterling……
More Than 1,280 Business Leaders Urge Remain
Figures such as Richard Branson and Charles Dunstone join printers and farmers in calling on people to reject Brexit on……
China builds world's most powerful computer
A new supercomputer from China has topped the latest list of the world's most powerful machines.
The 93 petaflop Sunway……
Telcos better network quality; more to be done for call drops
Most of the telecom operators have shown improvement in network performance although Airtel, Vodafone, Reliance, Aircel and Idea need to……
Markets end higher taking Rexit in stride, easing Brexit worries
Markets ended higher on Monday after opinon polls in Britain over the weekend, ahead of the referendum on Thursday, increased……
Govt approves 100% FDI in aviation, defence, e-commerce
Government on Monday relaxed foreign direct investment norms in a host of sectors including civil aviation, single-brand retail, defence and……
More Business News