Business news

Tata Global Beverages may sell its China operations

TGB's Chinese subsidiary, Zhejiang Tata Tea Extraction Company, reported a net loss of Rs. 15 crore in the previous fiscal.

Aug 25, 2016

Zoomcar raises $24 million from investors led by Ford Smart Mobility

With the latest funding, the car rental firm looks to expand its fleet to tier-2 and tier-3 cities in India.

Aug 25, 2016

indian economy, india forex reserves, rbi data, india stock markets, indian rupee vs us dollar

Maini Precision Products raises $16.5 million, shelves IPO plan

Led by Paragon Partners, it comprises fresh issue of shares and stake sale by existing investors of Maini Precision.

Aug 25, 2016

Asian Paints, Hindustan Unilever top innovative Indian firms on Forbes' list

Asian Paints, TCS, Hindustan Unilever figure among the top Indian innovative companies on Forbes' list.

Aug 25, 2016

aditya ghosh indigo salary pay hike executive aviation

InterGlobe Aviation director Aditya Ghosh's salary soars seven-fold

The president and whole-time director of Indigo's parent company took home salary of Rs. 27 crore in the last financial year.

Aug 25, 2016

rail stocks wagons engineering texmaco kalindee titagarh rail nirman indian railways prabhu track renewal expansion infra push govt A labourer pushes a handcart past a train as he crosses railway tracks on a foggy and cold winter morning in New Delhi Janu

Rail stocks rally after government announces projects worth Rs 24,000 crore

Shares of Kalindee Rail, Texmaco and Titagarh gained more than 4 percent after government announced Rs. 24,000 crore rail infra push.

Aug 25, 2016

Pfizer raises bid for AstraZeneca to $117 billion

Pfizer to buy antibiotics business from AstraZeneca

AstraZeneca is selling its small molecule antibiotics business to Pfizer in a deal likely to be valued at over $1.5 billion.

Aug 25, 2016

Air Arabia offers Indian passengers the option of EMI payment

Air Arabia is offering the EMI payment facility to credit card holders of eight Indian banks.

Aug 25, 2016

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After BPCL and HPCL, Indian Oil Corporation to consider bonus issue

In a regulatory filing to the BSE, Indian Oil Corporation said the decision will be taken at a board meeting on Aug. 29.

Aug 24, 2016

Gold smuggling affecting refiners and banks, official imports hit two-decade low

Indian gold refiners are suspending operations as a surge in smuggled bullion wipes out wafer thin margins.

Aug 24, 2016

Deadpool list details Indian start-up bubble burst in 2016

A Tracxn list names 800 dead or dying Indian start-ups, spanning e-commerce, mobile technology and others sectors.

Aug 24, 2016

gst bill tea prices tata global beverages assam tea cyrus mistry inflation consumption demand india largest exporter consumer

Your daily cup of tea could cost you more, thanks to GST

The Goods and Services Tax (GST) is likely to result in higher tea prices, says Cyrus Mistry, Chairman,Tata Global Beverages.

Aug 24, 2016

ClearTax hopes to cash in on e-filing of income tax returns, aims for 5 million users by 2018

Over a million users availed of the facility to file their income tax returns online and the numbers could go up rapidly, says ClearTax.

Aug 24, 2016

TCS shares fall after it settles Orange County litigation for $26 million

The settlement ended a three-year litigation over the failure of TCS' US affiliate to deliver a software to the county in 2010.

Aug 24, 2016

Oil prices fall as Canada oil sands fields gradually return

Oil prices fall on US crude stocks build; fears over China demand

Robust Chinese crude demand growth has been driven by independent refiners.

Aug 24, 2016

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