Business news

India mulling proposal to create one oil giant by merging state-run firms

If the idea materializes, the new entity could make several global oil giants appear as small fry and also compete with other larger conglomerates.

Jul 25, 2016

gold, prices, import duty, budget 2017, tbz, titan

Gold shares rise on BSE after industry appeals to Modi govt for import duty cut

Shares of Titan, PC Jeweller and Gitanjali Gems rose on Monday after GJF members sought 50 percent cut in import duty on gold.

Jul 25, 2016

Zoomcar raises $25 million from Ford Motor; equity funding rises two-fold

Zoomcar has raised $25 million from Ford Motor, and the latest funding has taken its total equity funding to $46.5 million.

Jul 25, 2016

Bombay Stock Exchange building BSE dalal street

SBI, ICICI Bank, Maruti Suzuki lead Sensex rally on BSE; HPCL, IOC, BPCL gain on merger buzz

The Sensex was up by more than 200 points during mid-session rally led by SBI, ICICI Bank, Maruti Suzuki, HPCL, BPCL and IOC.

Jul 25, 2016

Verizon set to acquire Yahoo in a $4.8 billion deal

Verizon Communications will announce its plans to buy Yahoo's core assets before the U.S. markets open on Monday morning.

Jul 25, 2016

2 Boeing Dreamliners to join Air India's fleet by December

Four more Dreamliners will be added to the state-owned carrier's fleet next year.

Jul 24, 2016

Roseneft to soon sign binding agreement to buy 49% stake in Essar Oil

After the deal, Rosneft will gain access to Essar Oil's Vadinar refinery in Gujarat as well as 2,400 petrol pumps across India.

Jul 24, 2016

How creditworthy are you? CIBIL to release annual credit score for free, says RBI Chief

Most Indians are unaware of such a rating and are also unmindful of any discrepancies, if existing, in their reports

Jul 23, 2016

kabali rajanikanth film tamil fans crazy mania radhika apte india inc airasia india kabali merchandise hotels five star 5 star bangalore bengaluru bse balaji eros

'Kabali' box office success lifts Eros share prices; PVR, Inox, Balaji Telefilms fail to ride Rajini wave

The box office success of "Kabali" starring Rajinikanth buoyed Eros shares, but not of PVR, Inox and Balaji Telefilms.

Jul 23, 2016

UFO Moviez India, Max India witness huge trading in bulk deals on BSE, NSE

Over 2 million shares of UFO Moviez and about 9 million shares of Max India were traded in bulk deals on Friday.

Jul 23, 2016

Arundhati Bhattacharaya, SBI chairman, SBI, SBI merger

Now you can buy train tickets through SBI mobile-wallet

State Bank of India has also tied up with Aditya Birla Fashion and Retail to help its Buddy users buy brands across 1,200 stores.

Jul 23, 2016

800 Indian exporters suspected of hoarding black money overseas

Nearly Rs. 100 crore in export earnings have been hoarded abroad by each of these exporters.

Jul 22, 2016

MasterCard is now mastercard

Payments processing company MasterCard recently unveiled its new look as "mastercard" while retaining its overlapping red and yellow circles.

Jul 22, 2016

JSW Steel plans to raise Rs. 5,032 crore from foreign investors

A board meeting will be held on July 27 to decide the further course of action.

Jul 22, 2016

kotak mahindra bank kotak mf uday kotak schemes debt equity investors lti facility

Kotak Mahindra Bank Q1 net profit rises sharply on higher NII, lower provisioning

However, the bank's asset quality worsened a bit as net NPAs increased to 1.21 percent in the quarter, up from 1.04 percent as on June 30, 2015.

Jul 22, 2016

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