Business news

Oil rebounds from two-month lows, outlook seen volatile

Traders said that the outlook looked volatile as a refined product glut and slowing economic growth weighed on markets while the risk of supply disruptions could tighten supplies.

Jul 8, 2016

Reliance Jio's bonds receive bids worth Rs. 3,700 crore

The company said it will use the proceeds to extend state-of-the-art digital services across the country.

Jul 7, 2016

Lionel Messi proving to be a costly bet for Tata Motors

The company for the first time in its decades-long history had put up a celebrity as its brand ambassador

Jul 7, 2016

Global IT spending growth to remain lackluster in 2016, says Gartner

With the U.K.'s exit from the EU, an erosion in business confidence and price increases will impact worldwide IT spending, the research firm warned.

Jul 7, 2016

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Lupin shares gain on US food and drug regulator closing Goa plant inspection

The US FDA issued a letter stating the inspection of Lupin's Goa plant that commenced in July 2015 has been closed.

Jul 7, 2016

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Gold prices poised for a bull rally aided by global uncertainties, safe-haven demand

Global uncertainties, such as Britain leaving the EU, are creating the right conditions for a bull run in gold, says a CNBC report.

Jul 7, 2016

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Punjab National Bank, ITD Cementation, JKumar Infraprojects rise sharply on BSE

Shares of state-run and loss-making Punjab National Bank rose on Thursday on the BSE on PNB Housing Finance's IPO plans.

Jul 7, 2016

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Gold prices hit 28-month high, yellow metal retains image of favourite Eid gift in UAE

On Wednesday, gold prices hit a 28-month high at Rs. 31,050 per 10 gm on brisk buying by investors and global cues.

Jul 6, 2016

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Infosys Q1 FY2017: Revenues seen rising 12% in June quarter

Infosys June quarter results (revenues and profit) will be keenly watched by investors and analysts in the context of Brexit.

Jul 6, 2016

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Bulls likely to ignore Jayant Sinha's exit from finance ministry when markets open on Thursday

Stock markets may ignore Jayant Sinha's exit from the finance ministry, just as they ignored Rexit.

Jul 6, 2016

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PNB Housing Finance IPO: Things to know about the Rs. 2,500 crore public issue

Punjab National Bank holds 51 percent stake in PNB Housing Finance, which is coming out with an IPO soon.

Jul 6, 2016

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

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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

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