Business news

Palred Technologies shares hit 52-week high, gain 52% in 4 days on fund infusion

LatestOne.com owner Palred Technologies will issue 1.52 million shares at Rs 145 per share to investors from Florintree Advisors,Chryscapital and others.

Mar 14, 2017

SpiceJet plans to venture into retail: Report

At the peak of his liquor business, Vijay Mallya forayed into aviation (Kingfisher Airlines) and the results are there for all to see. SpiceJet is planning something similar.

Mar 14, 2017

Holi rally brings Sensex closer to all-time high; index gains 496 points

The all-time high for BSE Sensex is 30,024; the index gained 496 points on Tuesday to end at 29,442; Sun Pharma, ICICI Bank top gainers.

Mar 14, 2017

ShopClues co-founder Sandeep Aggarwal accuses wife Radhika of 'illicit affair' with colleague

Sanjay Sethi, the CEO and the third co-founder of ShopClues, is in the middle of an ugly spat between Sandeep and Radhika Aggarwal.

Mar 13, 2017

India will become 3rd biggest car market by 2020, says Suzuki

Maruti Suzuki, which currently holds nearly 50 percent market share, is determined to play a big part in the projected growth.

Mar 13, 2017

Stock markets likely to cheer BJP's victory in Uttar Pradesh

After BJP's electoral success in Uttar Pradesh and Holi celebrations on Monday, stock markets are likely to open with a bang on Tuesday.

Mar 11, 2017

Avenue Supermarts could list at almost double the issue price, suggests this brokerage

Retail chain D-Mart is owned by Avenue Supermarts, whose 1,870-crore IPO ended on Friday. At Rs 295-299, the P/E works out to far lower than that of its listed rivals, says Angel Broking.

Mar 11, 2017

Gold falls Rs 1,250 in 6 days, closes at Rs 28,850

On Friday, gold prices decline Rs 400 tracking global cues while the metal fell below $1,200 per ounce ahead of US jobs data.

Mar 10, 2017

After Snap IPO, U.S. regulator questions unequal voting rights

"Unequal voting rights present complex and new issues that need to be understood and addressed," Commissioner Kara Stein, a Democrat, said at an SEC meeting.

Mar 10, 2017

Oil goes below $50 a barrel as US stocks build

The fall in crude oil prices comes despite some of output cut efforts from the Organisation of the Petroleum Exporting Countries.

Mar 10, 2017

Paytm removes 2% charge on using credit cards to add money to wallet in just 24 hours

Paytm had introduced the fee in order to prevent misuse of credit cards on its platform.

Mar 10, 2017

Stock markets to remain closed next Monday for Holi

Monday would have been a volatile day tracking election results for Uttar Pradesh and other states.

Mar 10, 2017

Brexit effect: Bentley Motors may move production out of Britain in 'worst case scenario'

Britain is set to leave from the EU and Bentley Motors is one of the carmakers increasingly concerned about potential trade barriers.

Mar 10, 2017

Hotstar hopes to triple advertisement income from IPL 2017

Digital streaming platform Hotstar had earned Rs 65 crore from IPL 2016 matches and has seen a spurt in viewership.

Mar 10, 2017

Wipro gets sharp downgrade by Nirmal Bang

In a note, Nirmal Bang shares details of an interaction with Wipro and recommends a "sell."

Mar 10, 2017