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Reliance Communications hit by Indian mobile price war

MUMBAI Indian mobile phone network operator Reliance Communications Ltd posted its second straight quarterly loss on Saturday, hit by the price war which has broken out in the world's second-biggest mobile market by number of users.

Recent Business News

Government to hire five banks for up to $993 million IOC share sale

MUMBAI The government is set to hire Citigroup, Deutsche Bank, Goldman Sachs, ICICI Securities and SBI Capital for a 3 percent stake sale in Indian Oil Corp that could raise as much as 64 billion rupees ($993 million), IFR, a Thomson Reuters publication, reported on Friday.

Budget 2017, 26 May 2017

Tech Mahindra Q4 profit dives 33 percent on weak margins

BANGALORE/MUMBAI Tech Mahindra Ltd, India's fifth-largest software service provider, posted a lower-than-expected fourth-quarter consolidated profit on Friday, weighed down by weak margins and higher cost of services.

Top News, Budget 2017, 26 May 2017

Scuffles break out, tear gas fired at end of G7 protest

GIARDINI NAXOS, Italy A group of protesters sought to break through a police cordon at the end of a protest march against world leaders meeting on the island of Sicily on Saturday, scuffling with security forces, who fired tear gas to disperse them. | Video

Budget 2017, World 27 May 2017

Saab hopeful Croatia will enter market for fighter jets

BRATISLAVA Sweden's Saab is hopeful that Croatia could enter the market for fighter jets sooner rather than later, opening up another sales prospect for its Gripen aircraft, a company executive said on Saturday.

As premier heads to Europe, China says resolute about opening its market

BEIJING China is determined to open its market and is positive about promoting talks on a China-EU investment agreement, a senior Chinese official said on Saturday ahead of Premier Li Keqiang's visit to Brussels for a summit with the European Union.

Budget 2017, Economy 27 May 2017

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