Business news

We expected this: Ukips Suzanne Evans defiance amid potential election wipeout

Ukip are facing a wipeout in local elections across England and Wales with voters backing the Conservative Party in droves at the ballot box. Despite this potential humiliation, deputy chairman of the party Suzanne Evans claims Ukip is not finished, saying they were expecting poor results

May 5, 2017

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SpiceJet shares hit record high; Jet Airways, Interglobe also gain on fall in crude oil prices

Global crude oil prices fell by as much as a further 3 percent on Friday, translating into gains for SpiceJet, Jet Airways and Indigo-owner Interglobe Aviation.

May 5, 2017

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JLR car sales fall in April due to poor show by Land Rover; Tata Motors share prices drop on BSE

A drop in volume sales for JLR in April this year triggers fall in Tata Motors share prices; Sensex down over 200 points

May 5, 2017

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Facebook net income spurts 76% for March quarter; monthly users up by 80 million

Mark Zuckerberg-led Facebook posted net profit of $3.06 billion for Q1 on the back of a 51 percent increase in advertisement revenues.

May 4, 2017

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Gold demand rises 15% in India for March quarter, falls 18% globally: World Gold Council

For the January to March quarter this year, gold demand in India was 123.5 tonnes, according to the World Gold Council (WGC).

May 4, 2017

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ICICI Bank shares hit 52-week high on robust Q4 results, trigger rally in other bank stocks; Sensex above 30,000

In addition to ICICI Bank hitting new 52-week high after Q4 results, many bank stocks scaled new highs on Thursday.

May 4, 2017

ICICI Bank reports 189% rise in Q4 net profit; declares 1:10 bonus

While standalone net profit rose to Rs 2,025 crore ($312 million) from Rs 702 crore, YoY, bad loans as a percentage of total advances also shot up.

May 3, 2017

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Seattle pips San Francisco as best city for tech employees, reveals study

A survey by career solutions firm Paysa throws up interesting insights on cities with cost of living and earning potential for tech employees.

May 3, 2017

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Hudco IPO to open on May 8, close on May 11

A fully-owned public sector company, Hudco, is offering 20 crore shares by way of offer of sale at a price band of Rs 56-60 per share.

May 3, 2017

Fortigo Network raises $10 million, 4tigo network, fortigo network investors, nandan nilekani invests in fortigo network

Fortigo Network (4TiGO) raises $10 million from Nandan Nilekani, Accel Partners

In the Series A round, Fortigo Network raised $10 million from Infosys co-founder and former UIDAI Chairman Nandan Nilekani, and Accel Partners.

May 3, 2017

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MakeMyTrip to raise $330 million via share sale to drive growth

Nasdaq-listed MakeMyTrip, the Indian online travel company, will sell shares at $36 apiece to Ctrip.com, MIH Internet SEA and other investors.

May 3, 2017

Play

David Davis says UK will not be paying £100bn Brexit divorce bill

Brexit Secretary David Davis has rejected claims Britain faces a soaring bill from Brussels for the EU exit on 3 May. European Commissions lead Brexit negotiator Michel Barnier later said the UK needs to honour its share of financial obligations.

May 3, 2017

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Matrimony.com posts Rs. 300 crore in revenues for FY2017; IPO likely in September quarter, says founder-CEO Murugavel Janakiraman

Murugavel Janakiraman, founder and CEO of Matrimony.com, which owns BharatMatrimony and few other matchmaking portals, speaks about the upcoming initial public offering (IPO) to International Business Times, India edition.

May 3, 2017