For the third straight quarter, India's consumer goods market had declined and this was attributed to a larger number of market players and declining consumer spending ability.
Sectors
Men's Wearhouse shares rally after refusing Jos. A. Bank proposal- report
Shares of Men's Wearhouse jumped 28% after rejecting the takeover bid of Jos. A. Bank. Shares of Men's Wearhouse increased 28% after it snubbed the USD 2.
Foster Farms assures consumers of chicken safety but issues no recall
Foster Farms said consumers should not worry about the company's chicken products amidst the salmonella outbreak traced back to its plants.
Synaptics acquires finger-based authentication startup Validity for USD255 million
Synaptics Inc recently acquired Validity Sensors, Inc for USD255 million to obtain access to a profitable biometrics market.
The saga of the Jet Airways and Etihad Airlines deal
Jet Airways and Etihad Airlines literally went through the proverbial eye of the needle, through the eye of the storm and weathered a broken camel's back to finalize its deal.
Latest News
USDA said it would shut down Foster Farms unless the company would address the salmonella outbreak by Thursday.
An S-1 document filing by Twitter Inc revealed that the date of its initial public offering would be on November 15.
Biotech startups in the UK got a much-needed capital boost, thanks to Invesco Fund Managers Ltd's USD51 billion purse.
Some investors of AT&T Inc were wary about the US telecom company's plans to acquire European carriers.
Citigroup Inc. had hired Leopoldo Attolico and Pierpaolo di Stefano to run its investment banking operations in Italy, said a Bloomberg report.
Libyan Prime Minister Ali Zaidan had been kidnapped by a revolutionary group from Tripoli and was taken at dawn into an unknown destination, said a Bloomberg report.
BlackBerry, a Canada based struggling smartphone manufacturer, had been more open to a company breakup amid concerns that its biggest shareholder Fairfax Financial Holdings Ltd would not be able to find funds or partners for a proposed USD4.7 billion buyout deal.
Indian Oil Corporation remained to be the sole bidder for the 31% stake of Haldia Petrochemicals, said The Economic Times report.
US President Barack Obama directed government lawyers to find an immediate way to resume payments for the families of killed soldiers in Afghanistan, said a Reuters report.
