Business

Business

RBI slashes interest rates as virus spreads

India's central bank cut interest rates sharply Friday as the coronavirus outbreak deepens fears for Asia's third largest economy, which was already battling a...

Reliance Industries becomes first Indian firm to hit $150 billion market cap

Reliance Industries on Monday became the first Indian firm to hit a market valuation of $150 billion helped by a continuous rally in its...

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...

Bihar’s alcohol ban talks bring down breweries’ share

BIHAR sent shares in breweries and liquor firms down as much as 10 per cent on Thursday (November 26) after the country's third-most populous...

ArcelorMittal to shut parts of Belgium plant; 1,300 jobs on the line

WORLD’S largest steel maker ArcelorMittal on Saturdy (January 26) said it will close a coke plant and six production lines in Liege facility in...

French government criticised over threat to Mittal

THE HEAD of France’s largest employers’ union on Thursday (November 29) slammed as “blackmail” a threat by the state to take over a plant...

India’s Infosys in US business visa probe

INDIAN software giant Infosys Technologies on Wednesday (May 25) said it will “co-operate fully” with a probe by US authorities into allegations it violated...

Vendata declares £1.22 bn dividend as profit soars

  COMMODITIES major Vedanta Ltd reported a 58 per cent jump in its annual net profit, riding on a surge in metal and energy prices. Shareholders...

Bestway announces strong trading results

Bestway Wholesale has seen a 10 percent growth in revenues during 2021 to £2.66 billion – an increase of £220 million, returning an operating pre-tax...