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India makes crucial tweaks to push through stalled GST reform

NEW DELHI The Indian government on Wednesday made crucial ammendments to its goods and services tax bill in a move to enlist the support of opposition parties as well as state governments.

Recent Business News

Management buyout group Excalibur says still keen to buy Tata's UK steel business

LONDON Management buyout group Excalibur, one of the bidders for Tata's British steelmaking business, intends to pursue plans to buy the assets, it said on Wednesday, despite Tata pausing the sale process to explore joint ventures.

Top News, Deals 27 Jul 2016

India raises limit for foreign investment in stock exchanges

NEW DELHI The Indian government on Wednesday raised the limit for foreign investment in the country's stock exchanges to 15 percent from 5 percent, saying the change would enhance India's global competitiveness and boost its capital markets.

Top News 27 Jul 2016

Oil down 3 percent after surprise U.S. crude, gasoline builds

NEW YORK Oil prices tumbled as much 3 percent on Wednesday, with U.S. crude futures hitting three-month lows, as U.S. crude and gasoline stocks surged despite the peak summer driving season as weak demand and profits forced refinery cutbacks.

27 Jul 2016

Boeing posts lower-than-expected loss, stock jumps

NEW YORK Boeing Co on Wednesday reported a smaller-than-expected loss, sending its shares up 3 percent in early trading.

Aerospace & Defence 27 Jul 2016

Apple sells more iPhones than expected, shares jump after hours

Apple Inc sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts' targets, soothing fears that demand for the company's most important product had hit a wall.

Tech, Top News 27 Jul 2016

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