Business news

Kia Motors set to finalise its first India plant in Anantapur, Andhra Pradesh

Kia Motors will produce small sedans and small SUVs in India, hoping to leverage Hyundai's supply chain network in the country.

Feb 8, 2017

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Paktor acquires dating apps DOWN, Sweet, Goodnight, and Kickoff

The acquisition of the dating apps — DOWN, Sweet, Goodnight, and Kickoff — enables global foray, says Southeast Asian dating app Paktor.

Feb 8, 2017

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CESC shares hit 52-week high over Bikaner power distribution franchise; Oudh Sugar spurts 6.5% on upbeat Q3 results

RP-Sanjiv Goenka Group company CESC won order to supply electricity to Bikaner for 20 years, shares spurts 5 percent to hit 52-week high; Oudh Sugar Mills shares gain on bullish Q3 results.

Feb 7, 2017

Karnataka High Court orders winding up of United Breweries (Holdings) Ltd

IAE International Aero Engines had sought recovery of dues by Kingfisher Airlines, promoted by United Breweries (Holdings) Ltd.

Feb 7, 2017

Can NBFCs fill the void as banks' appetite to lend deteriorates after NPA woes?

NBFCs have built substantial AUM in the personal loan and housing finance segments, which so far have been the bread and butter for retail banks.

Feb 7, 2017

Spammed! India faces maximum IP blocks as spam emails globally rise to record levels

A Cisco study finds that more than one-third of organisations that have been subject to a cyber attack lost 20% of revenue or more.

Feb 7, 2017

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PVR Q3 results and earnings call: Movie goers spent less on tickets, food due to demonetisation

Brokerage Nirmal Bang analyses the third quarter (Q3) results of multiplex owner PVR and gives its rating.

Feb 7, 2017

Apple pushed to 4th place in China; Oppo, Huawei and Vivo grab first 3 slots

Apple's share in China's smartphone market declined both for Q4 as well as for 2016 amid competition from local players Huawei, Oppo and Vivo.

Feb 7, 2017

RBI forced banks to grant loan to Kingfisher Airlines violating its own rules

Knowing well that KFA fell under the category of sub-standard assets, top RBI officials asked banks to loan more to the airline.

Feb 7, 2017

Bharti Airtel files counter complaint with CCI against Reliance Jio over predatory 4G free data offer

Bharti Airtel has now filed a counter complaint with the CCI, alleging that Reliance Jio's free 4G data is predatory in nature.

Feb 7, 2017

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Ujjivan Small Finance Bank commences banking operations

The RBI had issued licences to 10 entities, including Ujjivan Financial Services, in September 2015 to start small bank operations.

Feb 6, 2017

US court refuses to reinstate Trumps controversial travel ban executive order

Facebook, Apple, Google and Microsoft file opposition against Donald Trump's immigration ban

The tech giants have argued that the ban imposes significant burdens on the industry by not allowing firms to hire talents from countries under entry ban.

Feb 6, 2017

Sahara case: SC orders attachment of Aamby Valley

The apex court ordered Sahara to furnish a list of properties that were free from litigation and mortgage so that they can be attached for public auction.

Feb 6, 2017