Business news

Aditya Birla Fashion buys Forever 21's India business for $26 million

The acquisition would help the company create a strong foothold in the women's wear business, especially the western wear segment.

Jul 5, 2016

BookMyShow raises over Rs. 550 crore in its single largest round of financing

The company's fourth and single largest round of financing pushed its valuation to over Rs. 3000 crore.

Jul 5, 2016

Govt allows 74% foreign investment in Axis Bank

The government's approval to increase foreign investment in Axis Bank will see Rs.13,000 crore in foreign inflows.

Jul 5, 2016

mumbai metro project contract hcc russian jv

Hindustan Construction Company's joint venture wins Mumbai Metro contract

The Mumbai Metro project won by HCC-MMS joint venture entails building underground metro line and stations.

Jul 5, 2016

Flipkart delivery boy arrested on charges of duping employer

The 21-year-old would place orders for iPhones and then replace them with fake phones while returning them to the company.

Jul 5, 2016

larsen & toubro infotech ipo news public issue offer price premium L&T listing discount bse stock exchanges thursday ipo

L&T Infotech IPO: Company fixes price band as Rs. 705-710 per share; public issue opens on July 11

Larsen & Toubro holds about 95 percent stake in L&T Infotech, which is making public issue of 1.75 crore shares in an IPO.

Jul 5, 2016

JP Associates spurts 38%, UltraTech Cement hits 52-week high on finalising deal

Shares of JP Associates and UltraTech Cement jumped on the BSE on Tuesday in response to the companies finalising the cement deal.

Jul 5, 2016

SpiceJet says 'Eid Mubarak;' offers discounted fares starting at 299 dirhams

The Eid discount is available for Dubai-India travel, with the airfares starting at 299 dirhams.

Jul 5, 2016

Spectrum auction: Bharti Airtel, Vodafone India, Idea Cellular may spend Rs. 1 lakh crore

The total outgo towards the acquisition of spectrum during the current financial year would be about Rs. 37,000 crore, Crisil report stated.

Jul 5, 2016

Oil prices dip on economic concerns, demand worries

International benchmark Brent crude oil futures were trading at $49.95 per barrel at 0030 GMT, down 15 cents from their last settlement.

Jul 5, 2016

How Infosys, TCS, Wipro, Tech Mahindra are expected to perform in June quarter

Profit margins of Infosys and TCS are likely to be hit due to the salary hikes announced during the last quarter, while Wipro and Tech Mahindra are projected to lag in revenue growth.

Jul 4, 2016

Funds from IPOs hits a nine-year high in April-June quarter of FY2017

IPOs scheduled for the second half (July to Dec) of the fiscal might bring even bigger bounty than the first half (Jan to June).

Jul 4, 2016

hero motocorp sales workers wage agreement salary hike three year two wheeler june sales exports auto industry labour dispute

Hero Motocorp workers at Gurgaon unit to get salary hike

However, the hike of about Rs. 12,500 over three years, effective from August 2015, is lower than the Rs. 18,000 the workers were demanding.

Jul 4, 2016

Kingfisher and UB Group chairman Vijay Mallya

Kingfisher Airlines' financial details lost without backup

The financial data is a crucial link in the alleged fraud in transfer of funds and other nonpayment of dues by the Airlines.

Jul 4, 2016

SBI to Govt Panel: ready for a one-time settlement with Vijay Mallya

The bank was ready for a haircut with some existing bad loans and it is not insisting on payment of interest upon interest, says a report

Jul 4, 2016

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