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SpiceJet maintains gains; regional air connectivity scheme 'UDAN' launched by PM Modi

Budget carrier SpiceJet is one of the five carriers that will be flying services under UDAN (Ude Desh Ka Aam Nagrik), a a regional connectivity scheme.

Apr 27, 2017

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Axis Bank Q4 net profit falls 43% over spike in provisioning for bad loans

Private sector lender Axis Bank reported a sharp fall in net profit for March quarter (Q4) and FY2017 due to higher provisioning for bad loans.

Apr 26, 2017

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Foreign investors turn net sellers despite Sensex closing above 30,000

On Wednesday, April 26, foreign institutional investors (FIIs) were net sellers of Indian equities worth Rs 493 crore.

Apr 26, 2017

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Wipro chairman Azim Premji, other promoters poised to get 178 crore bonus shares

Wipro chairman Azim H Premji holds 9.34 crore shares while other family members and body corporates hold the rest.

Apr 26, 2017

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ICICI Prudential Life Insurance shares plunge over FY2017 results

Shares of ICICI Prudential Life Insurance are down 4.32 percent a day after the largest private insurer reported modest rise in net profit for FY2017.

Apr 26, 2017

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Talent solutions company Pontoon opens Bengaluru office

Pontoon currently has 50 employees and this is set to grow to about 200 in the next 18 to 24 months.

Apr 26, 2017

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ITC, Asian Paints, M&M, HDFC Bank, GAIL keep Sensex above 30,000; Allcargo Logistics gains 10% on bulk deal

BSE Sensex and NSE Nifty opened at record highs and are sustaining the momentum led by ITC, Asian Paints and HDFC Bank; Allcargo Logistics gains 10% on block deal.

Apr 26, 2017

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Wipro declares 1:1 bonus issue, hints at share buyback; Q4 IT revenues rise 3.9% YoY; guidance for Q1 comes at $1,915-$1,955 million

Surprising many, Wipro declares bonus shares in the ratio of 1:1, skips final dividend and plans share buyback in July; Q4 IT revenues rise 3.9% YoY and 2.7% QoQ.

Apr 25, 2017

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HSBC wins mandate on $100 billion Saudi Aramco IPO

Europe's biggest bank joins peers including JPMorgan Chase & Co and Morgan Stanley on the deal.

Apr 25, 2017

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TCS, Tata Steel, Tata Motors shed Rs 30,000 crore in market cap since April 6

Of the 17 listed Tata Group entities, TCS, Tata Motors and Tata Steel are the biggest in terms of market capitalisation.

Apr 25, 2017

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Infosys opens delivery centre in Croatia

The Croatian facility is the latest location across 16 regions in Europe that Infosys has opened as part of its commitment to client servicing and local job creation.

Apr 25, 2017

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Amul brand owner Gujarat Cooperative Milk Marketing Federation's sales rise 18% for FY2017

Gujarat Cooperative Milk Marketing Federation (GCMMF) is India's largest dairy cooperative and sells milk and related products under Amul brand.

Apr 25, 2017

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Biocon gains 10%; board to consider bonus issue on Thursday

Directors of Kiran Mazumdar Shaw-led Biocon are meeting on Thursday to consider bonus issue, after a gap of nine years.

Apr 25, 2017

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Reliance lifts Jio investment above $30 billion after record year

Mukesh Ambani-controlled Reliance Industries announced record profit for the 2016-17 financial year, and said the additional investment is required for its fibre network as it expands Jio's 4G reach.

Apr 25, 2017

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Reliance Industries reports upbeat results for March quarter

Mukesh Ambani-controlled Reliance Industries reports 12 percent rise in consolidated net profit and 44 percent growth in revenues for March (Q4) quarter.

Apr 24, 2017

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