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Nestle India targets growth in other businesses after Maggi scare

NEW DELHI - Nestle India Ltd will focus on growing its dairy, coffee and confectionary businesses, its new boss said, as the company battles to bring back its popular Maggi noodles that were pulled from shelves over safety concerns.

Recent Business News

L&T criticises "unhurried" reform pace as profit slides

NEW DELHI/MUMBAI - Industrial giant Larsen & Toubro Ltd criticised on Friday the "unhurried pace" of government reforms for weakening investment in its home market, as it reported a 37 percent slide in first-quarter profit.

31 Jul 2015

Malaysia's PM Najib says Qatar, China interested in 1MDB assets

KUALA LUMPUR - Malaysian Prime Minister Najib Razak said Qatar and China have expressed an interest in the assets of debt-laden state fund 1Malaysia Development Bhd (1MDB), state news agency Bernama reported on Saturday.

World 01 Aug 2015

ICICI Bank sees slower rate of new troubled loans

MUMBAI - ICICI Bank Ltd said on Friday it saw the rate of new troubled loans slowing as the nation's biggest private sector lender by assets reported a better-than-expected quarterly profit.

Top News, 31 Jul 2015

Hong Kong fines SBI for anti money-laundering lapses

HONG KONG - The Hong Kong central bank said on Friday it has fined State Bank of India's Hong Kong branch HK$7.5 million ($1 million) for breaching the city's anti money-laundering and counter terrorism financing rules.

Top News, 31 Jul 2015

Uber valued at about $51 billion after latest funding round - WSJ

- Uber Technologies Inc has closed a new round of funding that values the online taxi-hailing company at nearly $51 billion, the Wall Street Journal reported, citing people familiar with the matter.

Tech 01 Aug 2015


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