Business news

L&T Technology Services lists at 7% premium

L&T Technology Services shares were issued at Rs. 860 per share in the recently-concluded initial public offering.

Sep 23, 2016

Vodafone filed a petition against TRAI for letting Jio extend its free services

Vodafone Group invests Rs 47,000 crore into Indian arm

The fund infusion will be utilised to reduce the telecom firm's debt and strengthen its spectrum portfolio.

Sep 23, 2016

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L&T Technology Services shares to list on 23 September on BSE

The company fixed the issue price at Rs 860 per share, at the higher end of the price band.

Sep 22, 2016

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HDFC Bank shares hit new 52-week high on stock upgrade by CLSA

In a note, brokerage CLSA says digital and CASA initiatives will drive growth for private sector lender HDFC Bank.

Sep 22, 2016

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Wipro to buy China-based Zhongshan Ma Er Daily Products

The acquisition of Zhongshan Ma will help penetrate South China's personal care market, says Wipro.

Sep 22, 2016

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Bulls cheer US Fed's decision to keep interest rates unchanged; Sensex, Nifty rally

The US Federal Reserve's decision to leave interest rates unchanged has triggered a bull rally on Indian stock markets.

Sep 22, 2016

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Fifth tranche of gold bond scheme nets Rs 820 crore

The fifth tranche of sovereign gold bond scheme has received 2 lakh applications for 2.37 tonnes of gold, says government.

Sep 22, 2016

Tata Motors, Castrol shares rise after partnership deal

Under the new partnership deal, Castrol will supply lubricants to Tata Motors' passenger vehicles.

Sep 22, 2016

Reliance Jio is bent on giving other network providers a run for its money

Telecom industry's price war heats up; BSNL to better Reliance Jio's offer

The firm is likely to announce zero-voice-tariff plans from January and these would be lower than the Rs 149 entry price of Jio.

Sep 22, 2016

IOC, GAIL shares gain on acquiring stake in Dhamra LNG project

Indian Oil Corp and GAIL have signed agreement to buy stake in Adani's LNG project in Odisha.

Sep 22, 2016

Oil prices fall as Canada oil sands fields gradually return

Oil climbs 1% after surprise US crude stock draw

Oil prices rose after EIA data showed U.S. crude inventories declined to the lowest level since February.

Sep 22, 2016

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Infosys, Wipro, Sonata Software gain; Sensex ends flat ahead of US Fed interest rate decision

Select IT stocks gain marginally even as Indian stock markets look for cues from the US Federal Reserve.

Sep 21, 2016

World's largest solar plant unveiled by Adani Group in Tamil Nadu

The power plant in Ramanthapuram district has been built in a span of eight months.

Sep 21, 2016

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Mahindra forms Brazilian unit to acquire tractor distributor Bramont for $8 million

Bramont is a shell company and has no operations as of now.

Sep 21, 2016

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Kwality shares gain 12% on stock upgrade

The private sector dairy company is riding a bullish wave on the stock exchanges.

Sep 21, 2016

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