Business

BMW says electric version of Mini to be built in Oxford

BMW says electric version of Mini to be built in Oxford

BMW stated that this is part of its electrification strategy it will electrify across all model and brands, with options for full-electric or plug-in hybrid drivetrain along with combustion engine option. By 2025 BMW expects electrified vehicles to make up 15 per cent to 25 per cent of vehicle sales, the company said. To be prepared for the future the company is aiming on production systems that will create structures which will enable its production facilities to build models with a ...


AstraZeneca shares take historic tumble on failed lung cancer study

AstraZeneca shares take historic tumble on failed lung cancer study

Despite income from disposals and external deals, first-quarter revenue fell 10 percent in dollar terms to $5.05 billion, while core earnings per share (EPS) rose 5 percent to $87 cents. The scale of the sell-off reflects the importance attached by investors and analysts to MYSTIC and the first-line NSCLC indication, given that AZ reported another trial in May showing that Imfinzi improved PFS in second-line NSCLC .


Yes Bank net jumps 32%; board okays 1:5 stock split

Yes Bank net jumps 32%; board okays 1:5 stock split

But now, Axis bank is the only favorite and today the deal would be announced. The acquisition will help the bank double our customer base. Interestingly, the announcement comes at a time when sale of parent Snapdeal to bigger rival Flipkart is in the final lap and will give it a headroom.


Sensex Surges Nearly 250 Points, Nifty Hits 10100: 10 Points

Sensex Surges Nearly 250 Points, Nifty Hits 10100: 10 Points

The Sensex closed marginally higher by 0.84 point at 32,383.30. On Tuesday, the wider Nifty50 of the National Stock Exchange (NSE) climbed the 10,000-point peak for the first time in its nearly 22-year history, but soon ceded its gains to close on a flat note on the back of profit booking and expensive valuations, after touching an intra-day high of 10,011.30 points.


Samsung profit jumps to record high

Samsung profit jumps to record high

The second-quarter sales, operating profit and net income all represent record-breaking quarterly numbers for the tech giant. Revenue shot up to 61 trillion won from April to June, rising from the prior year's second quarter of 50.94 trillion won.