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Mercedes 'SUV GLE' hits Indian roads; priced at Rs 58.90 lakh

German luxury car maker Mercedes-Benz on Wednesday launched in India 'SUV GLE' that will be produced locally with starting price of Rs 58.90 lakh (ex showroom Delhi) to enhance its position in the market here.The GLE will be available in two variants

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JP Morgan profit misses expectations

The largest US bank by assets posted a net income of $6.8bn (£4.5bn), up from $5.5bn during the same period last year.But it said that net revenue was $23.5bn, down from $25bn compared with the year before.The bank also reported $1.3bn in legal cost

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HUL Posts Q2 Profit of Rs 962 Crore, Misses Estimates

Price cuts across segments and removal of excise duty benefits hit Hindustan Unilever's profit in the July-September quarter. India's biggest consumer goods company reported a net profit of Rs 962 crore on sales of Rs 7,995 crore.Analysts polled

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Apple to formally open stores in India by next month

Apple iPhone 6s and iPhone 6s Plus will go on sale from October 16 onwards in India, meanwhile the company has another piece of exciting news. Cupertino-headquartered Apple has reportedly inked a deal with Croma (Infiniti Retail) to set up its f

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New Air India boss bets on people power to fix ailing carrier

Air India's new chief is betting an 'open door' policy will help defuse years of soured relations with the flag carrier's more than 20,000 staff, paving the way for potentially painful change at the loss-making airline.  Ashwani Lohani, a 56-yea

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TCS shares fall 4%; top 5 takeaways from second-quarter earnings

Shares of TCS slipped over 4 per cent on Bombay Stock Exchange (BSE) in trade on Tuesday after the IT firm missed forecasts in terms of revenue growth in the September quarter of financial year 2015-16.The company reported a 3.9 per cent sequential r

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EMC to Pay Up to $2.5 Billion to Dell if It Opts for Rival Bid

EMC Corp said it would pay Dell Inc up to $2.5 billion in termination fees if the data-storage company accepts a "superior proposal".The company will have to pay about $2 billion (roughly Rs. 13,026 crores) before the expiry of the 60-day 'go-shop' p

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Beer giants AB InBev and SABMiller agree takeover terms

SABMiller said it had agreed "in principle" a £44-a-share offer, after four previous attempts from AB InBev.AB InBev's brands include Budweiser, Stella Artois and Corona, while SABMiller produces Peroni and Grolsch.If the deal, worth about £70bn, g

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