World Business News

SHANGHAI: Apple Chief Executive Tim Cook, on his second visit to China in a year, said he expects the country to surpass the United States as the technology giant's largest market, state media reported.

NEW DELHI: Beverage and snacks maker PepsiCo has consolidated all its company-owned bottling plants under two market units to eliminate layers in organisational hierarchy and enable quick decision making to push growth in a tepid economic environment.

BANGALORE: US genetic sequencing company Illumina Inc said it has agreed to buy Verinata Health Inc for $350 million plus up to $100 million in milestone payments through 2015 to expand its footprint in prenatal testing options.

MUMBAI: India's No. 3 steelmaker JSW Steel Ltd will raise steel prices by about 2 per cent, effective Thursday, due to rising input costs, a company official said.