Business news

State Bank of India slashes lending rates by 0.15%

The new marginal cost of funds based lending rate (MCLR) will be effective from November 1.

Oct 31, 2016

Oil falls as non-OPEC yet to pledge concrete output steps

Russia expects to increase its oil output by 0.7 percent next year and a further 0.9 percent in 2018.

Oct 31, 2016

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Varun Beverages IPO gets thumbs down from retail investors

Overall, the Rs 1,000-crore IPO of the largest bottling franchisee of PepsiCo was oversubscribed 1.86 times, but the retail portion was undersubscribed.

Oct 30, 2016

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Sensex, Nifty end with losses in muhurat trading; RBL Bank, ICICI Prudential, SpiceJet, Ashok Leyland gain

Muhurat trading ends with Sensex and Nifty closing in the red; RBL Bank, NH, Ashok Leyland, SpiceJet, Advanced Enzyme buck trend.

Oct 30, 2016

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Tata Group's Indian Hotels to move Supreme Court in Taj Mansingh Hotel case

Delhi's civic body NDMC wants to auction Taj Mansingh Hotel after end of lease but IHCL wants to prevent it.

Oct 30, 2016

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Wipro to provide energy management services to Speciality Restaurants

The project involves deployment of Wipro's Managed Restaurant Energy Services (MRES) programme at Speciality Restaurants.

Oct 30, 2016

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Tata Group human resources head N S Rajan quits: Report

N S Rajan had joined Tata Sons in May 2013 and was reporting to Cyrus Mistry, ousted as chairman this Monday.

Oct 29, 2016

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ONGC joins IOC, HPCL, BPCL to declare bonus issue

ONGC will issue bonus shares in the ratio of 1:2 to existing shareholders, besides 90 percent interim dividend.

Oct 29, 2016

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GMR Airports, GEK Terna of Greece submit joint bid for developing new airport at Crete Island

The GMR Group-GEK Terna project involves design, construction, financing and operations of the airport for 35 years.

Oct 29, 2016

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Foreign investors on selling spree in India

For the week ended October 29, FIIs were net sellers of Indian equities worth Rs 3,655 crore.

Oct 29, 2016

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Taj Mahal Hotel in Delhi likely to be auctioned after Tata Group company loses case

The Delhi High Court dismisses a plea by Taj Mahal Hotel owner Indian Hotels Company not to auction the property.

Oct 29, 2016

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Dhanteras 2016: Gold fails to shine due to weak demand, high prices

Gold lost Rs 110 on Dhanteras as weak global cues kept demand low despite token buying by jewellers and customers.

Oct 28, 2016

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Sensex gains 8%, Nifty up 10.3% since Samvat 2072

The BSE Sensex and NSE Nifty post modest gains since 2072, based on Friday closing levels.

Oct 28, 2016

Platinum, diamond preferred over gold this festival season: Assocham

Demand for diamond jewellery is estimated to have grown by 30-35 percent year-on-year this season.

Oct 28, 2016

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PNB Housing Finance IPO: Public issue oversubscribed; listing will be keenly watched

Overall, the Rs 3,000 crore IPO of PNB Housing Finance was oversubscribed 30 times; retail investors gave a lukewarm response.

Oct 28, 2016

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