Business news

Oil steady near multi-month lows on OPEC output record, US rig count

The dollar rose to a nine-month high against other currencies on Monday, pressuring oil prices.

Nov 14, 2016

Reliance Infra's Q2 net profit up 34% to Rs 570.5 crore

The company is targeting projects by the government across power, roads, railways, defence and ports.

Nov 13, 2016

India Inc's January-October M&A deals hit record value of $32.55 billion

The Merger & Acquisition deal value grew 48 percent in a year-on-year basis last month.

Nov 13, 2016

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AirAsia India in more trouble as Delhi High Court orders probe

The Delhi High Court directive to regulator DGCA follows allegations of the carrier ceding control to AirAsia Berhad.

Nov 12, 2016

Jet Airways posts 23.4% rise in Q2 net profit as other income spurts 76%

Full service carrier Jet Airways reports 3 percent increase in revenues and 36 percent jump in employee costs during Q2.

Nov 12, 2016

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Thermax's shrinking domestic order inflows raise concerns: IDBI Capital Markets

The overall order book as of September 30, 2016 for Thermax Group dropped to Rs 4,579 crore from Rs 5,162 crore.

Nov 12, 2016

Old Rs 500 and Rs 1,000 notes will continue to be accepted at vital places until November 14

The old notes will be accepted at crematoriums; petrol bunks operated by IOC, BP, and HP; and NHAI toll plazas until November 14.

Nov 12, 2016

Bitcoin traders flooded with calls seeking to exchange cash for virtual currency

Bitcoin traders in India are getting frequent calls after the government's crackdown on higher denomination notes.

Nov 11, 2016

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Mahindra elevates Pawan Goenka to MD; Anand Mahindra is now executive chairman

Anand Mahindra described Goenka's elevation as a "fitting recognition" of his experience and domain knowledge.

Nov 11, 2016

Russia to block LinkedIn for violating data-localisation law

Other technology giants like Facebook and Twitter have also repeatedly come under Russia's radar over data-localisation laws.

Nov 11, 2016

Karnataka high court asks Uber to limit surge pricing, comply with state norms

Uber had argued that being a technology platform provider, it cannot be regulated under India's Motor Vehicles Act rules.

Nov 11, 2016

SBI's Q2 net profit down 35% YoY to Rs 2,538 crore as stressed assets worsen

The bank reported a jump in NII, which increased 1.29 percent from the previous quarter to Rs 14,437.46 crore.

Nov 11, 2016

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Eros fails to rock on stock markets after declaring disappointing Q2 results

Distributor of Hindi film "Rock On 2", Eros posts sharp fall in net profit and revenues for Q2 on a sequential basis; shares plunge.

Nov 11, 2016

Oil prices fall on persistent fuel supply overhang

An ongoing crude and refined product supply overhang that has dogged markets for over two years is weighing on markets.

Nov 11, 2016

Sensex crashes 700 points in second biggest loss of 2016; Sun Pharma is top gainer

The top losers were M&M, Adani Ports, ICICI Bank, Hero MotoCorp and Asian Paints.

Nov 11, 2016

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