Business news

Former Tata executives dismiss Cyrus Mistry's claims

While FC Kohli said there never was any plan to sell TCS, B Muthuraman called Mistry's comments about Corus acquisition speculative.

Nov 24, 2016

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Demonetisation: State Bank of India slashes bulk deposit rate by up to 190 basis points

The new rates will be effective from November 24, according to the State Bank of India website.

Nov 24, 2016

Asia stocks slip on spectre of higher US rates, dollar "a freight train"

The dollar bull run continued as US bond yields hovered near-multi year highs.

Nov 24, 2016

Oil prices static on uncertainty over planned production cut

Traders said market activity was low due to the US holiday, and there was a reluctance to take on big price directional bets.

Nov 24, 2016

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India's spices exports fall 11.42% in volume, jump 12% in value for 2015-16

The government said it is addressing concerns of the trade in other ways but ruled out the formation of additional boards to promote the export of spices.

Nov 23, 2016

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Pharma, realty, metal stocks lead stock market rally; Lupin top Sensex gainer

Value buying lifts BSE Sensex and NSE Nifty on Wednesday; Lupin leads index rally.

Nov 23, 2016

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This bank pays handsome bonus shares, liberal dividend and now seeks to appoint new CEO

Low shareholder base enables this Indian bank to pay unbelievable bonus shares and dividend to shareholders.

Nov 23, 2016

Infosys invests in Stellaris Venture Partners

The IT services firm will pump in Rs 31.6 crore in this early-stage venture fund, making it company's second such investment.

Nov 23, 2016

Airtel Payments Bank offers hefty interest rate on savings bank deposits

It became the first payment bank to launch operations Wednesday post issuance of licences by RBI in August, 2015.

Nov 23, 2016

Zee Entertainment acquires TV business of Reliance Capital

Proceeds from the sale will help Reliance Capital reduce its debt by Rs 1,900 crore.

Nov 23, 2016

39 Indian drug companies blacklisted by Vietnam

A similar ban imposed by Vietnam imposed on 45 Indian companies in 2014 caused a significant dip in export of Indian pharmaceutical products to Vietnamese market.

Nov 23, 2016