Ambani loses top spot as India's wealthiest to Shanghvi

Dilip Shanghvi, who started an Indian pharmaceutical company more than three decades ago selling a single drug, has overtaken oil refining tycoon Mukesh Ambani to become India's richest person.

Auto execs worry Apple may hit core operations

Automotive executives are taking seriously the prospect that Apple Inc and Google Inc will emerge as competitors even as they consider partnering with the two.

Russian tycoon says $100 oil may return

When Leonid Fedun first studied the oil market in 1978, he was a young officer in the Red Army asked to research the impact of prices on NATO forces. More than three decades later, the billionaire shareholder in Russia's second-largest oil company is still at it.

'No brand' firms can save Europe phone market

Years after ceding the mobile handset market to the likes of Samsung and Apple, Europeans are getting back in the game - but they're not named Nokia, Ericsson, or Siemens.

Barclays says GE's Immelt may quit in CEO exodus

General Electric Co's Jeffrey Immelt, chairman and chief executive officer since 2001, may step down within the next year as investors seek change at the industrial giant, according to Barclays Plc.

More home donations heading overseas

Overseas charity organizations have become the main recipients of donations - in cash and shares - by Chinese individuals, according to a study published by China Philanthropy Research Institute at Beijing Normal University.

Keeping calm in an emergency is focus of three-year training course

The China Emergency Technology Training Center has launched a three-year program of courses and speeches in 30 cities across the country aimed at raising public awareness of how to cope with unexpected crisis.

Century Golden's Huang Rulun ranked country's most consistent donor

The year 2015 will witness more Chinese wealthy people devoted to charity activities, as discovered by the global wealth intelligence firm Wealth-X in late February.

IN BRIEF (Page 18)

DBS looks westward for growth

DBS Bank (China) Ltd, a subsidiary of Singapore-based DBS Group Holdings Ltd, will set up more branches in the central and western regions of China to support the nation's plan to build an economic belt along the Yangtze River and the "One Belt, One Road" initiative.

Mortgage-backed products set to debut this year

Residential mortgage backed security products are set to debut on Chinese markets this year, but some commercial reasons may hinder the explosive growth of the product, industry experts said on Tuesday.

Chinese mainland overtakes US in box office takings during February

A record Lunar New Year at movie theaters helped box office revenue in China pass the United States in February for the first time, making China the world's biggest box-office market for the month, according to research firm Entgroup.