Business news

OPEC, non-OPEC agree first global oil pact since 2001

Last week, OPEC agreed to slash output by 1.2 million barrels per day from January 1.

Dec 11, 2016

Germany's Delivery Hero to buy Foodpanda

With this acquisition, food takeaway company Delivery Hero would consolidate its position in the European food-delivery marketplace.

Dec 11, 2016

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RBI asks banks to deploy maximum new Rs 500 notes in ATMs

The central bank wants to ensure wider and equitable distribution of these currencies, which is only possible if maximum amount is given through ATMs.

Dec 10, 2016

Forbes List of Most Powerful Women in the World

IMF chief Christine Lagarde on trial in France over tycoon case

Lagarde is under fire for failing to challenge a payout award in favour of business tycoon Bernard Tapie during her tenure as French finance minister.

Dec 10, 2016

Donald Trump, Berlin attacks, Russian envoy, Turkey

Won't allow H-1B visa workers to replace Americans: Donald Trump

Any regulatory change in regard to H-1B visa will negatively impact Indian IT companies the most.

Dec 10, 2016

SBI Life sells 3.9% stake to Tamasek, KKR for Rs 1,800 cr

This transaction paves the way for the life insurer to go for public listing in the next financial year.

Dec 10, 2016

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Rupert Murdoch's Fox bids $14 billion for taking over UK's Sky

Murdoch's firm has offered to buy 61 percent stake in Sky, which has witnessed fall in its valuation due to a cheaper pound post Brexit vote.

Dec 10, 2016

Demonetisation effect: Banks to take a Rs1,000 crore hit on fee income after transaction fee waiver on debit cards

Banks are likely to lose around Rs 1,000 crore due to fees waiver on card transactions till December end of this year.

Dec 9, 2016

JSPL sees average realisation improving in second half thanks to rising price of steel

Uptick in demand coupled with price improvement will help the company to record higher margins per tonne of steel.

Dec 9, 2016

Associate banks of SBI to unveil voluntary retirement schemes soon

To expedite the process of merger with SBI, the associate banks of the country's largest lender are likely to come out with VRS in the near future.

Dec 9, 2016

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Paytm CEO Vijay Shekhar Sharma sells 1% stake to raise Rs 325 crore

The money would be utilised to fund Paytm's upcoming payments bank.

Dec 9, 2016

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Stock exchanges seek secretarial audit of Tata Group firms

Both BSE and NSE have written to some Tata Group firms for this kind of audit to check regulatory compliance.

Dec 9, 2016

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Sheela Foam makes stellar debut in exchanges, shares surge 41%

The company, which owns popular mattress brand Sleepwell, competes with Kurl-on and Duroflex in the domestic market.

Dec 9, 2016

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RBI issued currency notes worth Rs 4.27 lakh crore following demonetisation

The central bank also said that defunct notes worth Rs 11.85 lakh crore have been returned to the banking system.

Dec 9, 2016

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Equity indices at one month closing high; SBI major gainer

Public sector banking stocks witnessed renewed buying from investors followed by IT on Friday.

Dec 9, 2016

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