Business news

Official: PSA Group buys Opel and Vauxhall brands from General Motors for €1.3 billion

With the addition of Opel and Vauxhall brands, PSA Group will become the second-largest automotive company in Europe.

Mar 6, 2017

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Uttar Pradesh election results 2017: 3 possible outcomes, 4 likely implications and the dark horse

The stakes are high for the BJP, which enlisted PM Narendra Modi and other senior leaders for campaigning, and the SP-Congress, in Uttar Pradesh.

Mar 6, 2017

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Sensex closes above 29,000 on hopes of BJP win in Uttar Pradesh; Reliance shares hit new 9-year high

The BSE Sensex gains 216 points and NSE Nifty closes 66 points higher at 8,963; Reliance Industries Ltd.(RIL) shares scale nine-year high.

Mar 6, 2017

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If exit polls predict victory for BJP in Uttar Pradesh elections, stock markets could rally next week

Exit poll results for assembly elections 2017 and re-convened budget session could determine market mood from Monday.

Mar 4, 2017

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Music Broadcast IPO: All you need to know about Radio City's public issue

The FM radio business is thriving in India and Music Broadcast, which runs Radio City, is tapping the primary market with its IPO.

Mar 4, 2017

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Snap share price: Be prepared for 'disappointment,' warns analyst

Out of the 20 tech companies that went public in the US in the last decade, nine are trading below IPO price, says an analyst; Snap incurred $500 million loss in 2016.

Mar 4, 2017

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Snap gains further on NYSE; top 3 IPOs that crossed expectations on listing

Snap ended 10.66 percent higher at $27.09 on Friday, after listing at 44 percent premium to $17 issue price. Here is a look at some of the top tech IPOs and how they fared on the day of listing.

Mar 4, 2017

Snap more valuable than Twitter, CBS Corp and American Airlines after stellar listing

Snap owns mobile app Snapchat, co-founded by Evan Spiegel and Bobby Murphy; the share closed 44 percent higher to the issue price of $17.

Mar 3, 2017

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Kerala Budget 2017 leaked: First time in the history of state assembly? Citizens react

Kerala finance minister T M Thomas Isaac, reacting to the allegations of the budget leak, said the papers in circulation on social media were the highlights of the budget prepared for the media.

Mar 3, 2017

Mahindra may tie up with Ford India for using Chennai plant for passenger vehicles

Ford India's Chennai plant, which can produce around 2 lakh units annually, is currently being underutilised.

Mar 3, 2017

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Reliance Industries hits new 52-week high; CLSA upgrades stock to Rs 1,500

Shares of Mukesh Ambani-controlled Reliance Industries Ltd.(RIL) have been rising sharply ever since Reliance Jio rolled out its new 4G plans.

Mar 3, 2017

Kerala Budget 2017 Highlights: FM Thomas Isaac's 8th budget ends in anti-climax

Kerala finance minister T.M. Thomas Isaac presents the 68th state budget in the Assembly.

Mar 3, 2017

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Pepsi, Coca-Cola get relief from Madras High Court over water usage in Tamil Nadu

The Madras High Court dismisses a ban imposed on supplying water to Pepsi and Coca-Cola units in Tamil Nadu.

Mar 2, 2017

The decline and fall of Uber: How the iconic cab-hailing service is coming undone

Uber has been going through a rough patch for the past six months and things appear to be getting worse for the American cab-hailing company with each passing month.

Mar 2, 2017

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Sensex eyes all-time high after Dow Jones Industrial Average hit record high

On Thursday, Indian benchmark indices Sensex and Nifty gained sharply in response to the DJIA making history by crossing the 21,000-mark.

Mar 2, 2017

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