Business news

June 2016 results preview: How HDFC Bank, Axis Bank and ICICI Bank are likely to have performed

HDFC Bank, Axis Bank, ICICI Bank likely to report mixed results in June quarter, says Motilal Oswal Securities.

Jul 12, 2016

Quess Corp lists at a hefty premium to issue price on BSE; Sensex retains rally

Quess Corp IPO was oversubscribed about 144 times. The issue price was Rs. 317 per share

Jul 12, 2016

Flyers from India can now buy duty-free goods up to Rs. 25,000

The move comes after request by travellers to increase the limit on purchase of goods at airports.

Jul 11, 2016

Court allows Sahara to sell properties up to 90 percent of their circle rate

Sahara Group chief Subrata Roy granted extension of parole till August 3, conditional on Rs. 300 crore deposit.

Jul 11, 2016

Edelweiss gets nod from IRDA to set up insurance company in India

Edelweiss General Insurance will be a wholly owned subsidiary of Edelweiss Financial Services Ltd.

Jul 11, 2016

L&T Technology Services IPO: Subsidiary next in line after L&T Infotech, confirms A M Naik

L&T Technology Services will go for an IPO in due course, says Larsen & Toubro chief A M Naik.

Jul 11, 2016

Corporate corruption thriving in emerging markets: Report

Emerging market multinationals continue to fall short of the corporate transparency standards, as noted by a Transparency International study.

Jul 11, 2016

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Infosys, TCS and Wipro shares gain after IT industry frets over US H-1B visa reform bill

Shares of top IT companies recorded gains, bucking the potential impact US H-1B, V-1 visa reform bill could have on the IT industry.

Jul 11, 2016

Nirma to buy Lafarge India's cement plants from LafargeHolcim for $1.4 billion

Lafarge India's assets comprise three cement plants and two grinding stations with a total capacity of 11 million tonnes per annum.

Jul 11, 2016

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Sensex hits new 10-month closing high; Adani Ports, Tata Motors, ICICI Bank top gainers

The S&P BSE Sensex closed at a new 10-month high on Monday on global cues. The rally was led by Adani Ports, Tata Motors, ICICI Bank.

Jul 11, 2016

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AirAsia announces 20% discount on fares; offer to cover 120 destinations in 24 countries

The AirAsia and AirAsia X offer is valid for travel from July 18 to November 24, 2016.

Jul 11, 2016

AirAsia plans JV in China, listing on Hong Kong Stock Exchange

AirAsia wants to expand its fleet to meet growing demand in North Asia, Reuters reported.

Jul 11, 2016

Oil near two-month low on economic woes; drillers adjust to lower prices

International Brent crude oil futures were trading at $46.38 per barrel at 0243 GMT.

Jul 11, 2016

Fresh troubles emerge for Vijay Mallya

United Spirits Ltd said inquiry against Mallya reveals fund diversion to the tune of Rs. 1,225 crore.

Jul 10, 2016

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Jet Airways to deploy Boeing 777 on Dubai, Singapore, Amsterdam routes to enhance international business

International operations reportedly account for more than half of the airline's revenues, Business Standard reported.

Jul 10, 2016

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