Business news

Tesla CEO Elon Musk, Disney head Robert Iger quit Trump's advisory councils after decision on Paris Climate deal

Donald Trump, on Wednesday, decided to pull the US out of landmark global agreement designed to fight climate change.

Jun 2, 2017

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Gold hits one-week low as stocks, dollar gain after upbeat US data

Gold fell to its lowest in a week after upbeat US private sector job figures seemed to boost the odds for an increase in the interest rate this month.

Jun 2, 2017

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ICICI Bank, Maruti Suzuki, Hindustan Unilever hit new 52-week highs on BSE

Benchmark indices ended flat on Thursday, but select stocks such as ICICI Bank, HUL, Maruti Suzuki, Voltas and Karnataka Bank hit fresh 52-week highs.

Jun 1, 2017

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SpiceJet commences three new daily flights from Surat to Hyderabad, Goa and Jaipur

To cater to the peak summer rush, from March to October, SpiceJet has added 19 new domestic and 3 new international flights.

Jun 1, 2017

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Sensex, Nifty end May on bullish note; Q4 GDP data, May auto volume sales to influence trading on Thursday

May was an action-packed month for stock markets, with GST rates, external data and Q4 results lifting benchmark indices Sensex and Nifty to record highs. India's GDP grew at 6.1 percent for the March quarter.

May 31, 2017

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After Interglobe Aviation and Jet Airways, all eyes now on SpiceJet Q4 results

Jet Airways reported 95 percent fall in net profit for Q4 while Indigo-owner Interglobe Aviation's bottom line dropped 25 percent; SpiceJet's results are due on June 3.

May 31, 2017

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Indians bought more gold than Americans in March quarter, World Gold Council data shows

In Q1, demand for gold jewellery in India was 92.3 tonnes in comparison to 22.9 tonnes in the US, according to WGC data.

May 31, 2017

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Reliance Communications shares plunge yet again on loan repayment, debt downgrading woes

Anil Ambani-owned Reliance Communications reported dismal Q4 results amid mounting loans and downgrading of its debt by credit rating agencies.

May 31, 2017

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Air India should be completely privatised, Niti Aayog tells Modi Govt: Report

Niti Aayog has made a case for fully privatising Air India in its report to the Prime Minister's Office submitted a few days ago.

May 31, 2017

Former TCS chief executive officer N Chandrasekaran took home Rs 25 crore as commission for FY 2017

N Chandrasekaran, who was with TCS before moving to Tata Sons this February, got Rs 30 crore for 2016-17, including commission.

May 30, 2017

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Bank of Baroda, Paytm in race to buy Snapdeal-owned FreeCharge: Report

Digital payments company FreeCharge, which was acquired by Flipkart's rival Snapdeal two years ago, is reportedly up for sale.

May 30, 2017

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Unitary Helion launches early stage fund, eyes $100 million, Teamlease acquires Freshersworld.com

Rahul Chandra, currently MD of Helion Venture Partners, said Unitary Helion will invest in fintech, digital marketplaces and value chain innovation in core sectors.

May 30, 2017

SEBI proposes tighter rules for offshore derivatives

SEBI's plan would be the latest stringent action against controversial products created by banks to track Indian derivatives, shares and debt products and then sold to overseas investors.

May 30, 2017

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Larsen & Toubro reports 30% rise in Q4 net profit, declares 1:2 bonus

Mumbai-based engineering and construction company Larsen & Toubro says its order book stood at Rs 261,341 crore.

May 29, 2017

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Jet Airways, SpiceJet stocks end lower ahead of Q4 results

Budget carrier SpiceJet will be declaring results on June 3 and Jet Airways, on Tuesday (May 30); share price of the two carriers end with minor losses.

May 29, 2017

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