Mashable’s sign in their New York office. Mashable was in deep trouble financially before it sold for far below its one-time valuation of $250 million, according to documents reviewed by Business Insider. The company was heavily reliant on digital media advertising revenue, the documents show. It also lost $4.2 million in the three ... Read More »

The financial services giant is selling its single strategy asset management business for around £600m Old Mutual is to sell its single strategy asset management business to private equity firm TA Associates and the unit’s management team, which includes star fund manager Richard Buxton, for an expected £600m. The FTSE 100 finance ... Read More »

Cult leader and one of America’s most notorious killers Charles Manson died on Monday from natural causes at the age of 83. Manson was serving nine life sentences at California State Prison-Corcoran for seven counts of first-degree murder and one count of conspiracy to commit murder. A statement released by California ... Read More »

Beverage major’s business climbs ₹1,507.4 crore over a year Good volume growth in the branded business segment and improved performance in some of its associates has boosted the prospects of Tata Global Beverages (TGB) during the second quarter of 2017-18. TGB has interests in tea, coffee and water. The company’s ... Read More »

A quick reminder of the result of September’s election shows why Angela Merkel is in a bind.  Photograph: Bloomberg Having only won 246 out of the 706 seats in the Bundestag, the CDU/CSU needs coalition partners to form a stable government. However, the maths is tricky, as the SPD isn’t willing to ... Read More »

India’s annual retail inflation remained static in September with a marginal drop in the food prices, official data showed on Thursday. According to the data furnished by the Ministry of Statistics and Programme Implementation, September’s consumer price index (CPI) inflation remained static at 3.28% as compared to August. On a ... Read More »

Investors are in for a surprise when the September quarter results are declared. This will be the first earnings season post-goods and services tax (GST) and differences in how sales will be recorded now are likely to distort reported growth figures. Companies have cautioned about this in their analyst meets ... Read More »

Prime Minister Narendra Modi held talks with Russian President Vladimir Putin on Monday and discussed ways for boosting bilateral trade and investment, especially in the oil and natural gas sector. The two leaders met in this southeastern Chinese city on the sidelines of the BRICS Summit. “The two sides basically ... Read More »

IT major Tata Consultancy Services (TCS) on Monday said its Director Ishaat Hussain has retired from the company’s board. Hussain had served as interim Chairman at TCS from November last year amid the boardroom battle between Tata Sons and Cyrus Mistry. In February this year, he was succeeded by TCS’ ... Read More »

Shares in India snapped three sessions of gains on Monday as investors sought refuge in safe havens as tensions in the Korean peninsula escalated following North Korea’s sixth and most powerful nuclear test on Sunday. The Sensex fell 0.6% to 31,702.25, while the broader Nifty ended 0.62 % lower at ... Read More »

Indian state-run Oil and Natural Gas Corp plans to bid for Israeli offshore oil-and-gas exploration blocks, India’s oil minister told Reuters, the first major deal between the two countries since a groundbreaking trip by Prime Minister Narendra Modi in July. India and Israel have deep defence ties but Modi and ... Read More »

Tata Motors on Monday said its President and Chief Technology Officer (CTO) Timothy Leverton has resigned, after nearly seven years of association with the automaker. Leverton has decided to disengage from his services in the organisation as he wishes to relocate back to the UK for personal reasons, Tata Motors ... Read More »