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Mutual fund managers went on a selling spree in IT, pharma stocks in January 2017; 2 companies do not figure in the list

Some of the stocks MF managers sold include TCS, HCL Technologies, Cyient, Mindtree, Tec Mahindra, Torrent, Sanofi and Dr Lal Pathlabs.

Feb 15, 2017

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Tata Motors shares fall 10% over disappointing Q3 results; weakness to persist for 3-4 quarters

Net profit of Tata Motors for Q3 plunged 96 percent YoY to Rs 112 crore, causing its share price to drop sharply.

Feb 15, 2017

Peugeot owner PSA to buy Opel, Vauxhall brands from General Motors

If the deal gets through, PSA will emerge as second largest European carmaker while GM will do away with its loss-making businesses.

Feb 14, 2017

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DSP Blackrock suspends fresh transactions in Micro Cap Fund

DSP Blackrock Micro Cap Fund, an open-ended, diversified equity scheme, will not accept fresh inflows from February 20, 2017.

Feb 14, 2017

Has Reliance Jio 4G data offer been extended till December 31, 2017, or is it a hoax?

A message asking Reliance Jio users to upgrade 4G data and call services to continue the offer till 2017 end is doing the rounds.

Feb 14, 2017

Play

Rolls-Royce posts biggest loss after bribery charges and Brexit

The engine-maker has been affected by the drop in the pound against the dollar since Brexit, and the £671m charges it has to pay after an investigation into corruption in the company.

Feb 14, 2017

Toshiba shares plunge on Nikkei amid fears of huge loss, uncertain future; chairman quits

Toshiba surprises markets by postponing its quarterly results amid reports that it may issue a warning to shareholders that its future is in jeopardy.

Feb 14, 2017

Navi Mumbai airport: GVK wins bid to build spanking Rs 16,000-crore Mumbai airport

GVK currently operates India's first brownfield and greenfield airports as Chhatrapati Shivaji airport in Mumbai and Kempegowda airport in Bengaluru.

Feb 14, 2017

KKR buys tour operator Travelopia for $403 million

TUI Group will use the proceeds from the sale of Travelopia to further expand the growth segments of hotels and cruises.

Feb 14, 2017

Dutch brewer Heineken acquires Brasil Kirin Holding for $704 million

Heineken said it will become the second largest beer company in Brazil after acquiring Brasil Kirin, which has 9% market share in the country.

Feb 13, 2017

Reliance Defence inks pact to repair US Navy's Seventh Fleet warships

The deal with the US Navy is estimated to bring in high-potential business for Reliance Defence.

Feb 13, 2017

As Ola, Uber drivers strike over withdrawal of incentives, Jugnoo rides into cab services

Jugnoo launched cab services in Gurugram and it will soon expand the services to other cities.

Feb 13, 2017

Infosys CEO Vishal Sikka says Indian jobs to be worst impacted by automation

Speaking at an investor conference, Sikka completely played down the tussle between the Infosys board and certain founders.

Feb 13, 2017

SBI considering cyber liability insurance to protect customers from online fraud

Insurers see a rise in demand for cyber liability insurance as online threats are on the rise as digital transactions go up.

Feb 13, 2017

Oil ministry seeks details from ONGC over allegations that it overpaid Videocon for stake in Mozambique gas field

In 2013, ONGC Videsh Ltd had acquired Videocon Group's 10% stake in Offshore Area 1 for $2.48 billion.

Feb 12, 2017

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