Business news

IDBI Bank opts Citigroup, Credit Suisse, Deutsche Bank to manage $896 million share sale

Proceeds from the sale would help the state-run lender strengthen its balance sheet and cover for bad loans.

Sep 18, 2016

Is Reliance Jio 4G speed not up to the mark anymore?

Reliance Jio effect: RIL share hits 52-week high, shareholders gain Rs 20,000 crore in 2 weeks

Reliance Industries Ltd. (RIL) shares hit a new 52-week high on Friday, buoyed by Reliance Jio's foray into mobile services.

Sep 17, 2016

Mutual funds turn net buyers of Indian equities after long selling spell

On Wednesday and Thursday, mutual funds were net buyers of Indian stocks worth Rs 401 crore.

Sep 17, 2016

ICICI Prudential Life IPO: India's largest private life insurer nets Rs 1,635 crore from anchor investors

Anchor investors of ICICI Prudential Life Insurance include GIC (of Singapore), Nomura and Morgan Stanley.

Sep 17, 2016

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South Indian Bank reaches trigger limit for foreign shareholding, says RBI

Kerala-based South Indian Bank is a private sector lender.

Sep 17, 2016

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HPCL, Dewan Housing, United Breweries shares witness block deals on NSE, BSE

Heineken International B V has 5.7 percent stake in United Breweries, while HPCL and DHFL are buzzing stocks.

Sep 17, 2016

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State Bank of India to lend more to small and medium enterprises in FY 2017

Lending to SMEs would grow 12 per cent this fiscal as against 4.4 per cent in 2015-16, according to a top SBI executive.

Sep 16, 2016

Raymond to lay off 10,000 people to give way to automation; shares rise

The Mumbai-headquartered firm has a workforce of 30,000 staff across 16 manufacturing plants in India.

Sep 16, 2016

Deutsche Bank says US seeks $14 billion settlement in mortgage case

The bank's US-listed shares have fallen eight per cent in after-hours trading.

Sep 16, 2016

Reliance Communication-Aircel plan to raise $1 billion for new venture

The funds thus raised will be used for expansion plans and for buying mobile spectrum.

Sep 16, 2016

Infosys, Sun Pharma shares saw active buying by mutual funds in August

Mutual funds bought 42 lakh Infosys shares despite the firm losing RBS project; Sun Pharma also saw brisk buying.

Sep 16, 2016

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Nirma raises Rs. 4,000 crore debt to fund Lafarge deal

The India assets sale to Nirma is part of LafargeHolcim's larger divestment programme for the year.

Sep 16, 2016

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Revenue guidance could be lowered again this fiscal, says Infosys; shares rise

Infosys CEO Vishal Sikka cited the RBS project to hint at lowering guidance.

Sep 16, 2016

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AirAsia India inducts 8th aircraft, on course to have 20 by 2017-18

AirAsia India needs a fleet size of at least 20 aircraft to fly international, according to new government norms.

Sep 15, 2016

Air India: 1 in every 3 pilots fails psychology test during interview

Of the 413 pilots interviewed since December 2015, about 130 pilots have failed the psychometric test.

Sep 15, 2016

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