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Juno, a ride-hailing startup, wants to kill Uber with kindness

Juno has had early success, although it is still a very small player compared to Uber and Lyft Inc., Uber's biggest US competitor. According to the most recent data from the city’s Taxi and Limousine Commission, Juno went f

Industry News

The Goldman Sachs way of sacking: Bit by bit, hundreds are given layoff notices

The second arrived six weeks later, increasing the cuts to 109 workers. Then a third, in April, for 146 more. And a fourth, in June: 98. Three more notices followed, including 20 dismissals announced last week.

Industry News

Cyrus Mistry, Tata’s ousted Chairman, warns group faces $18 billion in writedowns

Ousted Tata Group Chairman Cyrus Mistry accused directors at India’s largest conglomerate of wrongfully dismissing him and warned that the tea-to-software giant may face 1.18 trillion rupees ($18 billion) in writedowns beca

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Tata’s coup follows simmering rift at India’s biggest firm

The agenda for Monday’s extraordinary board meeting at India’s largest conglomerate contained little hint of what was to come.

Industry News

Nicole Kidman, Priyanka Chopra get InStyle awards honors

It was a night of dueling magazine parties in Hollywood, as fashion titles Elle and InStyle made their annual trips out West to rub elbows with celebrities and red-carpet image makers.

Entertainment News

Donald Trump’s America Would Look Like India: Michael Schuman

Donald Trump may never have an opportunity to put his nationalist economic ideas into practice, but they are almost certain to outlive his campaign.

World News

BlackBerry unveils last in-house phone before calling it quits

BlackBerry said it would completely stop designing its phones and instead license out the BlackBerry brand to other manufacturers.

Blackberry News

Xiaomi goes upmarket with new Mi MIX concept phone featuring ceramic body

Xiaomi is using the device to build brand awareness among high-end users

Xiaomi News

Tata Group CEOs may have been kept in the dark over Cyrus Mistry’s replacement by Ratan Tata as Chairman

Most group units fell in Indian trading on Tuesday, though some Tata companies such as Tata Teleservices Maharashtra Ltd. climbed as much as 9.3 percent. Tata Consultancy Services Ltd., the group’s largest subsidiary, fell

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Tata Mutiny Must Yield a Bounty to Save Investor Returns: Gadfly

Monday evening's mutiny at Bombay House, the headquarters of India's steel-to-software conglomerate Tata, was as swift as it was abrupt.

Industry News

Turmoil at Tata Group after bizarre ouster of Chairman Cyrus Mistry

Tata Group abruptly ousted its chairman Cyrus Mistry who was at the helm for almost four years in a rare display of discord atop India’s biggest conglomerate, casting the specter of a leadership vacuum at the $100 billion c

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Flipkart’s strategy to open offline stores could be a winner; here is how

From the annals of Truth Is Stranger Than Fiction comes news that the Indian e-commerce giant Flipkart is considering getting into bricks and mortar. The company that made a name for itself helping shoppers avoid physical sto

Industry News


From the annals of Truth Is Stranger Than Fiction comes news that the Indian e-commerce giant Flipkart is considering getting into bricks and mortar. The company that made a name for itself helping shoppers avoid physical sto

Industry News

Mark Mobius: One of the most exciting things about India is Narendra Modi’s reforms

The Indian rupee’s longest losing streak since May masks growing confidence among global investors in Prime Minister Narendra Modi’s management of the world’s fastest-growing major economy.

Economy News

AT&T-Time Warner Could Disrupt $8 Trillion Debt Market: Gadfly

But AT&T's debt may balloon to levels that would put it at risk of a downgrade.

Industry News

Goldman CEO Blankfein ‘Supportive’ of Hillary Clinton for Pragmatism

Lloyd Blankfein, chief executive officer of Goldman Sachs Group Inc., has shied away from publicly backing a presidential candidate this year, saying his support could harm that person’s chances.

World News

Goldman Sees China’s ‘Stealth’ Coal Bailout Lasting to 2020

China’s coal production restrictions are a “stealth” bailout for miners and their creditors that may last until the end of the decade as the policies help boost prices, according to Goldman Sachs Group Inc.

Economy News

Bombardier to scrap 7,500 more jobs as CEO deepens cost cuts

Bombardier Inc. will cut an additional 7,500 jobs -- more than 10 percent of its workforce -- as the maker of trains and airplanes accelerates a restructuring plan after taking on billions of dollars of debt developing its ma

Industry News

Card breach can hinder PM Narendra Modi’s quest to go cashless; here’s how

India’s quest to become a cashless economy has been dealt a blow by a data breach that compromised as many as 3.2 million debit cards.

Banking & Finance News

Mukesh Ambani, India needs you to keep spending: Gadfly

On Thursday, Ambani's Reliance Industries announced operating profit before exceptional items of 107.95 billion rupees ($1.62 billion), a 36 percent jump from the year-earlier quarter.

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China to Surpass US as World’s Largest Aviation Market by 2024

China is set to overtake the U.S. to become the world’s largest aviation market by passengers by 2024 as more people take to the skies domestically and internationally, according to the International Air Transport Associati

World News

Hillary Clinton’s 85 Slogans Explain 2016 Campaign: Francis Wilkinson

Hillary Clinton's slogan -"Stronger Together" - is less rousing but at least it's targeted at a majority. Like almost everything in this campaign, it is shaped by the outlandish anomaly of Trump's candidacy.

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Snoopy, Loved as Friend, Lacking as Leader, Gets Boot at MetLife

When MetLife Inc was looking for a lovable face in the 1980s to appeal to individual customers, the cartoon character Snoopy was just the right beagle. Now that the company is exiting the US retail market and focusing on grou

Industry News

Relax, America, Democracy Will Survive Donald Trump: Leonid Bershidsky

There's a lot of shock and horror about Donald Trump's refusal to say during Wednesday night's debate that he'd accept the result of the November 8 vote.

World News

The Beatles move to dismiss copyright suit over footage of famous concert

On the verge of last month's release of Eight Days a Week - The Touring Years, a Ron Howard-directed film showing live performances of The Beatles, a surprising lawsuit was filed by the company assigned Sid Bernstein's intell

Entertainment News

Pierce Brosnan Apologizes for Controversial Pan Bahar Ad

Pierce Brosnan apologized for his appearance in an Indian advertising campaign for a controversial breath freshner that many people see as a health risk.

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Nestle cuts sales forecast as emerging market growth slows

Nestle SA, the world’s biggest food company, cut its full-year forecast after nine-month revenue rose at the weakest pace in more than a decade, hurt by slowing growth in emerging markets and deflation in most of Europe and

Industry News