Business news

Blackstone, Bain Capital, KKR, others keen to buy 48% stake in Mu Sigma

Blackstone Group, Canada Ontario Teacher's Pension plan, Bain Capital are competing to acquire stake in the firm.

Aug 22, 2016

Oil falls as August price rally seen overblown, China fuel exports jump

Oil prices fell on Monday as analysts doubted upcoming producer talks would rein in oversupply adding that August's more than 20-percent crude rally looks overblown.

Aug 22, 2016

GoAir plans fleet expansion, to hire 500 crew members

The budget carrier plans to increase its fleet size to 26 and begin international operations next year.

Aug 21, 2016

Godrej Group on the lookout for acquisitions in developing economies

Godrej chairman Adi Godrej said this was the right time to invest since globally businesses were down.

Aug 21, 2016

State Bank of India says merger will add $120 billion to assets

Agencies quoted State Bank of India as saying that the merger with five associate banks and BMB will also drive SBI's global stature.

Aug 20, 2016

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7th Pay Commission effect? Coal India workers demand Rs.18,000 minimum monthly salary, to join September 2 strike

The September 2 strike is, among other things, for minimum monthly salary of Rs.18,000, similar to the 7th pay commission proposal for government employees.

Aug 20, 2016

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Markets week ahead: Aviation stocks likely to spurt over bullish July air traffic data

Jet Airways, SpiceJet and Indigo-parent Interglobe Aviation shares could rise over July domestic air traffic data.

Aug 20, 2016

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Titan, PC Jeweller set to gain from pay commission-induced salary hike, good monsoon, longer wedding season

ICICI Securities says Titan and PC Jeweller shares are likely to rally aided by higher gold sales over good monsoon, longer wedding season.

Aug 20, 2016

Kotak Mahindra sells entire stake in La Opala RG

In a block deal, Kotak Mahindra sold its complete stake of 1.43 million shares in La Opala RG.

Aug 19, 2016

A closer look at Azim Premji on his 50th year as Wipro's leader

Wipro's founder Azim Premji completes 50 years as the company's leader and guided the firm through its transition into IT sector.

Aug 19, 2016

Infosys shares fall 4% in 4 trading sessions; almost hit 52-week low

Shares of IT software services exporter Infosys started declining after informing that client RBS dropped plans to list W&G.

Aug 19, 2016

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Cranes Software International promoters Asif Khader, Mukkaram Jan in trouble; lender to auction properties

In a public notice, Bank of India said that it will auction properties of promoters of Cranes Software as part of loan recovery.

Aug 19, 2016

BSNL inks deal with Microsoft India for end-to-end telecom, IT solutions

The BSNL-Microsoft deal would offer telecom & IT solutions to big businesses.

Aug 19, 2016

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RBL Bank IPO: Here is what brokerages are saying about the Rs. 1,200 crore public issue

The initial public offering (IPO) of RBL Bank opens on Friday (Aug. 19) and closes next Tuesday (Aug. 23).

Aug 19, 2016

Internet of Things to kill 94,000 jobs by 2021, says report

Internet of things will cause more job losses by the year 2021, in addition to job cuts estimated due to automation, says a management consulting firm report.

Aug 19, 2016

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