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Tumbling oil prices slam profit at Exxon Mobil, Chevron
31 Jul 2015 at 4:12pm
(Reuters) - Weak oil prices shrivelled quarterly profit at Exxon Mobil Corp and Chevron Corp on Friday, compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude.

Insight - Apple, BMW in courtship with an eye on car collaboration
31 Jul 2015 at 3:13pm
FRANKFURT/SAN FRANCISCO (Reuters) - BMW and Apple may rekindle a courtship put on hold after an exploratory visit by executives of the world's top maker of electronic gadgets to the headquarters of the word's biggest seller of premium cars.

Uber valued at about $51 billion after latest funding round - WSJ
31 Jul 2015 at 1:56pm
(Reuters) - 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.

Wall Street ends lower as weak oil weighs
31 Jul 2015 at 1:38pm
(Reuters) - Wall Street ended on a sour note on Friday as a drop in energy stocks eclipsed wage data that supported expectations that the U.S. Federal Reserve might hold off on an interest rate.

IOC to cut diesel, gasoline prices from Saturday
31 Jul 2015 at 9:52am
NEW DELHI (Reuters) - Indian Oil Corp will cut the price of diesel by 7.2 percent and that of gasoline by 3.6 percent from Saturday reflecting changes in global price of the two fuels since the last revision.

Chevron profit tumbles 90 percent, misses estimates; shares drop
31 Jul 2015 at 7:01am
REUTERS - Second-quarter profit at oil producer Chevron Corp tumbled 90 percent, missing analysts' expectations, amid weakness in oil prices.

Wall Street opens higher after wage growth data
31 Jul 2015 at 6:48am
REUTERS - U.S. stocks edged up on Friday as historically low wage growth supported the view that the Fed could delay the timing of a rate increase.

After uproar, India ups budget for some social welfare sectors
31 Jul 2015 at 6:42am
NEW DELHI (Reuters) - The government on Friday sought parliamentary approval to raise federal spending on social welfare, months after opposition lawmakers and Prime Minister Narendra Modi's own officials slammed his cuts in spending.

L&T criticises "unhurried" reform pace as profit slides
31 Jul 2015 at 6:05am
NEW DELHI/MUMBAI (Reuters) - 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.

India plans to give $11 billion lifeline to ailing state banks
31 Jul 2015 at 5:52am
NEW DELHI (Reuters) - Planning to inject $11 billion of capital into debt-laden state banks over the next four years, Finance Minister Arun Jaitley on Friday sought parliament's approval to boost budget spending by $4 billion in the current fiscal year.

Commodities, China stocks lick wounds after brutal July
31 Jul 2015 at 5:44am
LONDON (Reuters) - Commodities and China investors waved a relieved goodbye to July on Friday following a brutal sell-off that has revived fears about the global economy and overshadowed more encouraging news from the U.S. and Europe.

ICICI Bank sees slower rate of new troubled loans
31 Jul 2015 at 5:07am
MUMBAI (Reuters) - 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.

Infrastructure output growth slows to 3 percent in June
31 Jul 2015 at 4:44am
NEW DELHI (Reuters) - India's annual infrastructure output growth slowed to 3 percent in June, on the back of a sharp slowdown in electricity production, government data showed on Friday.

Bombay High court asks Nestle, food safety regulator to retest Maggi noodles ...
31 Jul 2015 at 4:36am
MUMBAI (Reuters) - The Bombay High court has asked India's food safety authority and Nestle India to retest Maggi noodles, television channels reported on Friday.

Reliance Communications draws interest in sale of tower unit stake - sources
31 Jul 2015 at 3:41am
MUMBAI (Reuters) - Reliance Communications has revived a plan to sell a stake in its tower unit, attracting early interest from U.S. private equity firms as well as sector rivals, three sources with direct knowledge of the matter said.

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