Business news

Phone Bills To Go Up By 10-15 Percent In Coming Months; Carriers Owe Government Crores In Spectrum Purchase

Naspers-backed Pay U to acquire fintech firm Citrus Pay in all-cash deal

The Nasper-Citrus deal is expected to close by the end of August or September this year.

Aug 8, 2016

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Wipro, Infosys to witness rising operating costs as SEZ tax exemption nears expiry

The SEZ contract of Infosys, Wipro and HCL Technologies will expire during the next five years in Karnataka.

Aug 8, 2016

Sony Pictures all set to buy Zee's Ten Sports: Report

The value of the deal is estimated to be around Rs. 2,000 crore.

Aug 8, 2016

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Delhi High Court to hear SpiceJet dispute with KAL and Kalanithi Maran over share warrants today

The dispute between SpiceJet and its former owners â€” KAL Airways and Kalanithi Maran â€” pertains to non-issuance of share warrants.

Aug 8, 2016

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HPCL, BPCL, IOC shares gain on BSE after brokerage estimates further upside on upbeat earnings

In a note, Nomura Global Markets Research said state-run HPCL, BPCL, IOC are in for better times ahead, lifting their share prices on BSE.

Aug 8, 2016

Essar Oil plans to invest Rs. 1,200 crore to upgrade refinery, boost margin

The company invested Rs. 400 crore during a 28-day shutdown of its Vadinar oil refinery in Gujarat last year.

Aug 8, 2016

Oil prices rise on renewed output freeze talks, but fundamentals remain weak

Analysts said that the price rise came on the back of renewed calls by some OPEC members to freeze production.

Aug 8, 2016

Narendra Modi Modi government modi completes two years in office

PM launches 4,000 MW super thermal power project in Telengana

The initial investment of the project is valued at Rs.10,600 crore.

Aug 7, 2016

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Income Tax department raids offices of Muthoot Capital Services

The searches were carried out for alleged tax evasion.

Aug 7, 2016

RBI policy meet on Aug. 9 to guide stock markets next week

Indian stock markets would be driven largely by the RBI's stance on rate cut at the policy meet scheduled to be held on Aug. 9.

Aug 6, 2016

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PVR, Inox Leisure shares flare up on hopes of GST to be lower than entertainment tax

A GST rate of about 18 percent is expected to improve profit margins of PVR, Inox Leisure, say analysts.

Aug 6, 2016

Reliance Jio sets up 5 lakh 4G outlets; rivals Airtel, Vodafone, Idea woo customers with new offers

Telecom companies Airtel, Vodafone and Idea Cellular feel the heat as Reliance gears up for 4G launch.

Aug 6, 2016

Vedanta Resources aims to close merger with Cairn India in early 2017

Mining and energy group Vedanta Resources seeks to boost its financial strength through its merger with Cairn India.

Aug 6, 2016

What India's formal adoption of inflation target means?

The RBI-monitored inflation targeting aims to keep retail price index at check below 4 percent till 2021.

Aug 5, 2016

Lockheed Martin will shift F-16 fighter jet manufacturing unit to India if it gets assured orders

The challenge before Lockheed is to use its competitive production advantage into winning this deal, says an aerospace expert.

Aug 5, 2016

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