Business news

PNB shares rally 13.3% since RBI okays foreign investment into state-run bank

PNB shares are surging on account of its housing subsidiary filing an IPO and a seven-year old restriction on receiving foreign funds being struck off.

Jul 15, 2016

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Sovereign Gold Bond Scheme: Things to know about the fourth issue that opens on July 18

The fourth tranche (issue) of the Sovereign Gold Bond Scheme will open on July 18, the RBI said on Thursday.

Jul 15, 2016

ICICI Prudential Life plans for Rs. 5,000 crore IPO: Report

ICICI Prudential's public listing alongside Vodafone's $2.5 billion IPO will be India's big-ticket offers scheduled before the 2016 end.

Jul 15, 2016

Tata Advanced Systems, Bell Helicopter sign chopper deal

The two firms would jointly develop commercial and government rotary wing markets in India under the light utility segment.

Jul 15, 2016

IT companies Q4 results India Inc call center corporate earnings

TCS beats Infosys on q-o-q net profit, revenues, attrition for Q1 FY17

Infosys and TCS record quarterly and yearly rise in revenue though net profit declines over the previous quarter.

Jul 15, 2016

Steel Imports MIP Steel imports from China

Essar Steel Algoma sale suffers setback; American PE fund KPS Capital Partners opts out of bidding consortium

The consortium agreement has been terminated, but the lenders will continue to bid independently.

Jul 15, 2016

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Infosys, TCS, Wipro shares drop sharply on Q1 FY2017 results

Infosys, TCS, Wipro shares were trading with losses after Infosys lowered its FY2017 revenue guidance while declaring Q1 results.

Jul 15, 2016

Infosys Q1 2017: Here is what Vishal Sikka, Pravin Rao, M.D. Ranganath said after June quarter results

Infosys lowers its revenue guidance for FY2017 after declaring June quarter results while CEO Vishal Sikka talks about challenges.

Jul 15, 2016

Infosys Q1 2017: Shares plunge almost 10% on disappointing June quarter results, downward guidance

Shares of Infosys dropped sharply after it declared its June 2016 quarter results on Friday.

Jul 15, 2016

Microsoft wins landmark appeal over seizure of foreign emails

Microsoft had been challenging a warrant seeking emails stored on a server in Dublin, Ireland, in a narcotics case.

Jul 15, 2016

ONGC Videsh to raise $1.1 billion to fund stake purchase in Russian Vankor oilfield

ONGC has restricted its guarantee amount to 109 percent of the principal amount of the bonds outstanding.

Jul 14, 2016

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RBI panel to assess opportunities, risks from new-age fintech services

The panel will review the scope of technological platforms, their disrupting innovations, market penetration and consumer experiences on adopting these fintech.

Jul 14, 2016