Business

Business

Tata in talks to sell UK steel plants to Swiss group Klesch

TATA Steel Ltd is in talks to sell loss-making European operations including mills in northern England and Scotland to Geneva-based Klesch Group, as it...

Most Asian markets rise after Wall St rally, ringgit sinks

Most Asia markets rose Monday as investors built on last week's rally, with another healthy lead from Wall Street providing support, but oil prices...

Chinese giant Fosun to acquire India’s Gland Pharma

In the largest acquisition of an Indian company by a Chinese firm, Shanghai Fosun Pharmaceutical Group Co on Thursday (July 28) agreed to buy...

Airbus CEO sees ‘flying car’ prototype ready by end of year

  Airbus Group plans to test a prototype for a self-piloted flying car as a way of avoiding gridlock on city roads by the end...

Apple set to launch new iPhone

In a bid to shine during the yearend shopping season, Apple on Wednesday (Sept 7) is expected to introduce a new iPhone and perhaps...

Indian bonds, rupee slump as emerging markets come under pressure

Indian bonds and the rupee slumped on Monday as emerging market assets came under renewed pressure amid the spectre of a rising dollar, higher...

India likely to ease restrictions for foreign online retailers next month

INDIA could allow global online retailers such as Amazon.com Inc to sell their own products as early as next month, removing restrictions that could...

Banks urged to keep lending to microfinance firms

THE RESERVE Bank of India urged commercial banks to continue lending to the microfinance sector, after a crackdown on their activities by Andhra Pradesh...

Rajan defends report on states, says it will encourage growth

RESERVE Bank of India (RBI) Governor Raghuram Rajan on Friday (October 4) defended his development index for measuring backwardness of states, saying the aim...

India business awaits changes to Raj era labour laws

WITH steel machines hissing and whirring and staff studiously manning production lines, Sunder Rajan's factory about two hours southwest of New Delhi is prospering. But...