Business news

SBI, Flipkart partner for loans without credit cards

On its 61st anniversary, the bank launched a series of digital offerings like SBI Mingle and SBI Digital Village.

Jul 1, 2016

Tata after Brexit: To leave or to stay in Britain

Tatas bonhomie with the British government, which runs back to the colonial days, may stand to gain with Brexit, says Nikkei review.

Jul 1, 2016

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Jet fuel prices spike 25% in five months; aviation stocks fall, shares of IOC, BPCL, HPCL gain

The latest hike of 5.5 percent in jet fuel prices effective from Thursday midnight saw aviation stocks fall and oil marketing companies gain.

Jul 1, 2016

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Quess Corp IPO: Public issue oversubscribed 144 times, shares likely to list at a premium on BSE

The Rs 400 crore IPO of Quess Corp has been oversubscribed 144 times; the offer closed on Friday (July 1).

Jul 1, 2016

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Gold prices rise 5% in June on safe-haven demand; Sensex gains 1.25%

Gold prices saw huge volatility in June due to Brexit fears, while Sensex rebounded during the later days of the month.

Jul 1, 2016

Trafigura, Vitol, Saudi Aramco vie for a stake in $6.5 billion Essar Oil

Singapore-based commodities trader, Trafigura, is negotiating a stake sale between 15 to 30 percent in Essar Oil.

Jul 1, 2016

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Two wheeler sales: How Royal Enfield, TVS Motor performed in June

Royal Enfield motorcycle sales rose 36 percent in June, while TVS Motor sales increased 7 percent.

Jul 1, 2016

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Intellect Design Arena set to gain from higher IT spend by global banks: Analyst

Intellect Design Arena is expected from the IT spend by global banks, says HDFC Securities.

Jul 1, 2016

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Mahanagar Gas shares list at a huge premium, JP Asso plunges on SDR setback

Mahanagar Gas Limited (MGL) shares listed at about 30 premium on the BSE. JP Associates is likely to be taken over by lenders.

Jul 1, 2016

Cars domestic car sales sale of cars in India

Domestic car sales: How Maruti Suzuki, Hyundai, Renault, Toyota Kirloskar, Mahindra, Honda performed in June

Maruti Suzuki, Toyota Kirloskar Motors (TKM), Renault, Hyundai, Honda and Mahindra have reported monthly car sales data for June 2016.

Jul 1, 2016

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Jet Airways aims to raise $180 million via debt: Report

The carrier is currently in talks with lender banks to raise the amount, Reuters reported.

Jul 1, 2016

Oracle ordered to pay HP $3 billion in Itanium case

Oracle said it would appeal the verdict.

Jul 1, 2016

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Central Bank of India to raise Rs. 3000 crore from equity sale

The Bank could seek for a follow on public offer, rights issue or private placement of shares in India or abroad.

Jun 30, 2016

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Domestic car sales in June: Maruti Suzuki, Tata Motors, Mahindra, Ashok Leyland shares to remain in focus on Friday

Maruti Suzuki, Hyundai, Ford, Renault, Honda, Mahindra, Tata Motors, Ashok Leyland and Eicher Motors will be announcing June volume sales data on Friday.

Jun 30, 2016

Indian Money in Swiss banks sees a 20-year low

The fall was nearly two-thirds of the Rs. 23,000 crore stashed in December of 2006, says a report.

Jun 30, 2016

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