Business news

ICICI Bank to add 1,000 ATMs, 400 bank branches across India in FY17

The bank aims to boost retail operations after it reported a 76% fall in net profit in the most recent quarter on higher provisioning.

Jul 3, 2016

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Ford India exports rise sharply in June while others report decline or muted growth

Ford India car exports rose three-fold in June, while Maruti Suzuki, Hyundai, Toyota Kirloskar, Honda and Tata Motors reported mixed results.

Jul 2, 2016

Arun Jaitley's personal wealth declined by Rs. 6 crore in FY16

The decline in wealth was mainly on account of reduction in his bank balance, cash in hand and the number of vehicles owned.

Jul 2, 2016

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SBI sells 5% stake in NSE for Rs. 911 crore

SBI continues to hold close to another 10 percent stake in NSE and will divest it on realising value or targeted price.

Jul 2, 2016

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Birla Sun Life, SBI MF buy over 1.5 million shares of Shriram City Union Finance on BSE

Two mutual funds â€” SBI and Birla Sun Life â€” bought 1 million shares of Shriram City Union Finance at Rs. 1,630 per share.

Jul 2, 2016

After market spasm, Wall Street looks past Brexit

The result of the June 23 referendum has created a bounty of uncertainty about the future of the United Kingdom, Europe and the global economy.

Jul 2, 2016

Apple fires back at Spotify over music streaming claims

The two companies have gone head to head in the battle for music streaming customers since Apple Music was launched in more than 100 countries last year.

Jul 2, 2016

SBI, Flipkart partner for loans without credit cards

On its 61st anniversary, the bank launched a series of digital offerings like SBI Mingle and SBI Digital Village.

Jul 1, 2016

Tata after Brexit: To leave or to stay in Britain

Tatas bonhomie with the British government, which runs back to the colonial days, may stand to gain with Brexit, says Nikkei review.

Jul 1, 2016

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Jet fuel prices spike 25% in five months; aviation stocks fall, shares of IOC, BPCL, HPCL gain

The latest hike of 5.5 percent in jet fuel prices effective from Thursday midnight saw aviation stocks fall and oil marketing companies gain.

Jul 1, 2016

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Quess Corp IPO: Public issue oversubscribed 144 times, shares likely to list at a premium on BSE

The Rs 400 crore IPO of Quess Corp has been oversubscribed 144 times; the offer closed on Friday (July 1).

Jul 1, 2016

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Gold prices rise 5% in June on safe-haven demand; Sensex gains 1.25%

Gold prices saw huge volatility in June due to Brexit fears, while Sensex rebounded during the later days of the month.

Jul 1, 2016

Trafigura, Vitol, Saudi Aramco vie for a stake in $6.5 billion Essar Oil

Singapore-based commodities trader, Trafigura, is negotiating a stake sale between 15 to 30 percent in Essar Oil.

Jul 1, 2016

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Two wheeler sales: How Royal Enfield, TVS Motor performed in June

Royal Enfield motorcycle sales rose 36 percent in June, while TVS Motor sales increased 7 percent.

Jul 1, 2016

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Intellect Design Arena set to gain from higher IT spend by global banks: Analyst

Intellect Design Arena is expected from the IT spend by global banks, says HDFC Securities.

Jul 1, 2016

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