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PepsiCo's Indra Nooyi to step down as CEO

PepsiCo's Indra Nooyi to step down as CEO

PepsiCo President Ramon Laguarta will replace Nooyi.

Aug 06, 2018, 16:51 PM IST
India now 3rd Asian country to get STA-1 status from US, high-tech product sales to get easier

India now 3rd Asian country to get STA-1 status from US, high-tech product sales to get easier

High-technology product sales, particularly in civil space and defense sector, to become easier as US makes an exception for India despite New Delhi not yet signing NPT.

Aug 04, 2018, 09:19 AM IST
Bank of England raises rates above crisis lows, signals no rush for next hike

Bank of England raises rates above crisis lows, signals no rush for next hike

he BoE`s nine rate-setters were unexpectedly unanimous in their vote to raise rates to 0.75 from 0.50 percent.

Aug 02, 2018, 18:58 PM IST
With record $53.3 billion revenue, Apple eyes $1-trillion mark

With record $53.3 billion revenue, Apple eyes $1-trillion mark

Apple reported net income of $11.5 billion and operating cash flow of $14.5 billion.

Aug 01, 2018, 09:52 AM IST
Agarwal makes firm offer to delist Vedanta from London Stock Exchange

Agarwal makes firm offer to delist Vedanta from London Stock Exchange

In addition, the shareholders will be entitled to receive the dividend of USD 0.41 per share in respect of the 12 months ended March 31, 2018.

Jul 31, 2018, 16:49 PM IST
Iran currency extends record fall as US sanctions loom

Iran currency extends record fall as US sanctions loom

In May the United States pulled out of a 2015 deal between world powers and Tehran under which international sanctions on Iran were lifted in return for curbs on its nuclear programme.

Jul 30, 2018, 13:15 PM IST
Samsung Securities CEO resigns after $105 billion stock blunder

Samsung Securities CEO resigns after $105 billion stock blunder

Koo’s departure came a day after South Korea’s financial watchdog handed down a six month partial suspension of the brokerage’s operations and suspended its chief from his duties for three months

Jul 27, 2018, 17:54 PM IST
Mark Zuckerberg lost nearly $17 billion in under two hours – Here's why

Mark Zuckerberg lost nearly $17 billion in under two hours – Here's why

The plummeting stock price of wiped out about $150 billion in Facebook's market capitalization in under two hours.

Jul 26, 2018, 11:02 AM IST
Atos to buy Syntel for about $3.57 billion

Atos to buy Syntel for about $3.57 billion

Syntel generated revenues of $924 million in 2017, of which 89 percent was in North America.

Jul 23, 2018, 09:53 AM IST
Google hit with record $5 billion EU antitrust fine

Google hit with record $5 billion EU antitrust fine

The EU antitrust enforcer has charged Google with using its dominant Android to marginalise rivals following a three-year-long investigation.

Jul 18, 2018, 14:37 PM IST
Pakistani rupee tumbles as central bank faces a crisis

Pakistani rupee tumbles as central bank faces a crisis

The central bank declined to say whether it had devalued the currency.

Jul 17, 2018, 13:29 PM IST
Netflix shares tank after big miss on subscriber growth

Netflix shares tank after big miss on subscriber growth

The streaming video pioneer added 5.2 million customers from April through June.

Jul 17, 2018, 11:53 AM IST
In a bid to boot out US pressure on India, Iran ready for oil supplies on 'flexible measures'

In a bid to boot out US pressure on India, Iran ready for oil supplies on 'flexible measures'

While India maintains national interests are primary, market analysts and strategic experts believe US sanctions on Iran could determine how countries deal with importing oil from the West Asian

Jul 13, 2018, 13:29 PM IST
China services sector grows at fastest pace in 4 months in June

China services sector grows at fastest pace in 4 months in June

The findings were largely in line with those of an official gauge of the non-manufacturing sector released on Saturday, which showed the services PMI rising slightly in June.

Jul 04, 2018, 09:41 AM IST
Diamond prices rise in June

Diamond prices rise in June

Suppliers held polished prices firm amid shortages in some categories and as high rough prices squeezed manufacturing profit margins.

Jul 03, 2018, 17:47 PM IST
China's Xiaomi prices HK IPO at bottom of range, raises $4.72 billion: Sources

China's Xiaomi prices HK IPO at bottom of range, raises $4.72 billion: Sources

Xiaomi has declined to comment on the IPO pricing.

Jun 29, 2018, 12:26 PM IST
Apple, Samsung settle epic patent infringement battle

Apple, Samsung settle epic patent infringement battle

The terms of the settlement were not disclosed.

Jun 28, 2018, 11:46 AM IST
US says no exemption to India on oil imports from Iran

US says no exemption to India on oil imports from Iran

Iran is India's third-largest oil supplier behind Iraq and Saudi Arabia. It supplied 18.4 million tonnes of crude oil during April 2017 and January 2018.

Jun 27, 2018, 18:10 PM IST
Trump criticises Harley-Davidson for moving some production overseas

Trump criticises Harley-Davidson for moving some production overseas

Trump said he was surprised by such a decision by the Wisconsin-based motorcycle manufacturer, saying it amounted to raising the "white flag".

Jun 26, 2018, 16:48 PM IST
GE to spin off its healthcare biz; separate Baker Hughes

GE to spin off its healthcare biz; separate Baker Hughes

The company plans to fully separate its 62.5 percent interest in BHGE, which it bought in July 2017.

Jun 26, 2018, 16:27 PM IST