Business news

Interglobe Aviation Q4 net profit falls 25%; IndiGo parent to buy 50 ATR aircraft

Interglobe Aviation, which owns budget carrier IndiGo, announced its Q4 and FY2017 results on Tuesday and declared dividend of Rs 34 per share.

May 9, 2017

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Godrej Consumer Products declares 1:1 bonus, Rs 12 as fourth interim dividend; Q4 net profit surges

Adi Godrej-led Godrej Consumer Products announces upbeat Q4 results, 1:1 bonus shares and Rs 12 as fourth interim dividend; his daughter Nisaba is the new chief.

May 9, 2017

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Nisaba Godrej succeeds father Adi Godrej as head of Godrej Consumer Products

At 39, Nisaba Godrej will be the youngest women to head a large organisation like Godrej Consumer Products; Adi Godrej will be chairman emeritus.

May 9, 2017

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ChrysCapital-backed Eris Lifesciences, India Energy Exchange set to come out with IPO

Eris Lifesciences recently got Sebi approval for its IPO; India Energy Exchange is also planning one; S Chand, Avenue Supermarts and BSE are the three prominent firms that got listed this year.

May 9, 2017

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Oil rebounds, as OPEC talks up cutting supply into 2018

Oil prices have been under pressure of late, amid investor concerns the global supply glut is not receding as fast as expected.

May 9, 2017

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Capgemini, Cognizant layoff buzz fails to dampen share prices of Infosys, Wipro, TCS, Tech Mahindra

Layoff reports are strong in Capgemini, Cognizant Technology Solutions (CTS) and Wipro, yet shares of Infosys, Tech Mahindra, TCS, HCL Tech are not impacted.

May 9, 2017

French IT company Capgemini reacts to reports of large-scale layoffs

In response to media reports that it is laying off about 9,000 employees, Capgemini issues a formal statement on Tuesday evening.

May 9, 2017

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S Chand lists at 5% premium to issue price but falls later

Education book publisher S Chand and Company (SCCL) lists at Rs 707 a gain of 5.5 percent to its issue price of Rs 670 per share.

May 9, 2017

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ACC, Ambuja Cements gain on merger buzz

In June 2016, Ambuja Cements had bought Holcim India's 24 percent stake in ACC; LafargeHolcim owns 63.6 percent in Ambuja Cements; now the two companies are mulling merger.

May 8, 2017

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Vijaya Bank, CESC, Ceat, ACC, ICICI Bank, Indiabulls Real Estate, hit new 52-week high

Stocks that hit new 52-week high on Monday include ACC, Eicher Motors, Escorts, ICICI Bank, Vijaya Bank, Sobha and Ceat.

May 8, 2017

Mutual funds hit a new high in April; investments in equity schemes more than double

Assets under management (AUMs) of India's 42 mutual funds rose to Rs 19.26 lakh crore as of April 30 from Rs 17.55 lakh crore a month earlier.

May 8, 2017

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State Bank of India cuts interest rates on home loans to 'lowest' in industry

For loans up to Rs 30 lakh, the revised interest will be 8.35 percent, down from 8.60 percent; bank also cuts interest rates on term deposits (FDs).

May 8, 2017

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HUDCO IPO: Public issue gets good response on Day 1; here's what brokerages have to say

The Rs 1,200-crore IPO of state-owned HUDCO opens today (May 8) and closes on Thursday (May 11).

May 8, 2017

Cognizant going the Infosys way? CTS may lay-off 6,000 Indian employees to hire in the US

Cognizant hiring employees in the US might be a way to appease the Trump administration, which has been vocal about its displeasure over US firms outsourcing jobs to other countries.

May 8, 2017

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ICICI Bank leads Sensex rally, hits new 52-week high; Tata Motors gains after company's upbeat export forecast

ICICI Bank has rallied 12 percent since declaration of Q4 results; Tata Motors expects CV exports to rise 15 percent this year.

May 8, 2017

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