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Former Ranbaxy promoters Malvinder, Shivinder guilty of contempt of court: SC

The Supreme Court on Friday held former Ranbaxy promoters Malvinder Singh and Shivinder Singh guilty of contempt of court for violating its order asking...
Business

Burberry logs rising profit despite Hong Kong protests

Luxury British fashion house Burberry on Thursday logged rising interim profits despite the impact of ongoing protests in Hong Kong. Profits after taxation rose 14...
Business

Modi govt unhappy with Vodafone over investment remarks, CEO writes to PM

The Narendra Modi government on Wednesday expressed displeasure over business uncertainty remarks made by Vodafone Group in India, citing the Supreme Court judgement that...
Business

Vodafone posts loss on new India fallout

Vodafone on Tuesday posted a net loss of more than 2.1 billion euros in its first half after India's Supreme Court ordered telecoms companies...
Business

China’s Jingye Group agrees outline deal to rescue British Steel

China's Jingye Group said on Monday it has reached a provisional deal to buy British Steel and promised to invest 1.2 billion pounds ($1.5...
Business

Alibaba’s Singles’ Day sales hit $10 bn in less than 30 minutes

E-commerce giant Alibaba's Singles' Day sales on Monday hit USD 10 billion in less than 30 minutes of the event going live. The Alibaba Group's...
Business

ArcelorMittal’s Italian venture runs into legal and financial woes

ArcelorMittal said this week it was withdrawing from a deal to buy Italy's struggling steel firm Ilva after the government scrapped previous guarantees of...
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