Manufacturing growth in May slowest in 5 months: PMI
Manufacturing output in India grew at its slowest pace in five months in May, suggesting that the sector is “barely improving” and adding to the clamour for further interest rate cuts by the Reserve Bank.
India’s consumer story to be most compelling: Goldman
India’s consumer story is likely to be one of the world’s “most compelling” over the next 20 years, but the challenge before the country is to create jobs to “unleash productivity” of its youth, says a rep
SoftBank to sell part stake in Alibaba for $7.9 bn
SoftBank said on Wednesday that it will sell at least $7.9 billion (Rs 53,000 crore) worth of its stake in Chinese e-commerce giant Alibaba, as the Japanese firm looks to pay down a whopping debt load.
India to become regional export hub for L'Oreal
French beauty major L'oreal is expected to increase export of products as well as technology out of India into the southeast Asian and larger Asia-Pacific regions as the market grows for the company.
Fast food rivals expand, hitting Yum sales in India
Aggressive expansion by foreign rivals is eating into sales at Yum Brands Inc in India, and there is little letup in sight for its KFC and Pizza Hut restaurants that are struggling to keep pace.
World's largest cargo aircraft Antonov An-225 lands at Hyderabad airport
The world's largest cargo aircraft - Antonov An-225 Mriya, which was scheduled to make its first landing in India this week, arrived at the Rajiv Gandhi International airport here on Friday.
It's official, Apple to set up app design & development centre in India
BENGALURU: It's official. Apple will set up an app design and development accelerator in Bengaluru to support engineering talent and grow the country's iOS developer community. The accelerator is expected to open in e
Ramdev’s Patanjali rapped for ‘gross exaggeration’ in ‘misleading ads’
The Advertising Standards Council of India (ASCI) has rapped yoga guru Ramdev’s Patanjali Ayurved Ltd for “false and misleading” advertisements that also “denigrate” rival products.
The Consumer Complaints Council (CCC) of the ad w
Flipkart defers joining date of IIM graduates by 6 months
India’s largest e-commerce firm Flipkart.com has deferred by six months the joining date for graduates of the Indian Institutes of Management (IIMs) to whom it made job offers, as the company looks to cut costs amid a funding crunch.
Rupee recoups 19 paise against dollar at 67.25
The rupee recovered 19 paise to 67.25 against dollar in early trade on Monday on increased selling of the US currency by exporters and banks amid a higher opening in the domestic stock market.
Forex dealers said weakness in the dollar agains