Business news

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Bosch shares rise 5% on buyback plan

Bosch informed the BSE that it will consider a proposal to buy back shares at its board meeting on July 11.

Jun 29, 2016

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L&T Infotech IPO: Things to know about the public issue that opens on July 11

L&T Infotech, in which Larsen & Toubro holds about 95% stake, reported a net profit of Rs. 769 crore in 2014-15.

Jun 29, 2016

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Realty index outperforms Sensex, Nifty; DLF, Unitech, HDIL, Sobha rise sharply

DLF, Unitech, HDIL and Sobha shares rose 3 to 8.5 percent on Wednesday, apparently in response to pay commission news.

Jun 29, 2016

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Quess Corp IPO: Thomas Cook subsidiary allocates 5.6 million shares to anchor investors

Fifteen anchor (institutional) investors have been allocated 5.6 million shares @ Rs. 317 per share by Quess Corp.

Jun 29, 2016

IKEA recalls 36 million units of furniture in US, Canada after death of 6 children

In separate incidents, the children were killed when unsecured IKEA furniture toppled over them.

Jun 29, 2016

Axis Bank enters urban microfinance sector

Under its Axis Sahyog initiative, the bank will provide collateral free credit to low income women groups in urban areas.

Jun 28, 2016

mahindra partners San Francisco SCOOT NETWORKS TRANSPORTATION SOLUTIONS

Mahindra Partners invests in San Francisco-based scooter sharing company Scoot Networks

Scoot Networks provides electric scooters on rental basis and recently bought 500 such vehicles from Mahindra.

Jun 28, 2016

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Stressed loans at Indian banks may rise to 8.5% by March 2017, warns RBI

Under a severe stress situation, total bad loans could rise to 9.3 percent in March 2017, the RBI said in its Financial Stability Report.

Jun 28, 2016

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Siemens wins STATCOM contract from Power Grid Corporation, shares rise 3%

The Indian arm of Munich-based Siemens AG will be installing STATCOM projects worth Rs. 570 crore for Power Grid Corporation.

Jun 28, 2016

appointments imc president Deepak Premnarayen

Deepak Premnarayen is new president of Indian Merchants' Chamber

Deepak Premnarayen is the executive chairman and founder of the ICS Group.

Jun 28, 2016

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7th Pay Commission: Approval of pay panel's salary hike proposals could trigger bull run on Wednesday

If government approves 7th CPC salary hike proposals for employees and pensioners, FMCG stocks are likely to gain on Wednesday.

Jun 28, 2016

Tata Advanced Systems-Bell Helicopter to jointly bid for $2-billion naval chopper contract

TASL and Bell Helicopter will bid for the $2 billion contract against Mahindra-Airbus, the Economic Times reported.

Jun 28, 2016

Global stocks extend losses, sterling near 30-year lows in Brexit aftermath

MSCI's broadest index of Asia-Pacific shares outside Japan slumped 0.3 percent, after Wall Street marked its worst two-day drop in about 10 months.

Jun 28, 2016

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Quess Corp IPO: Things to know before investing in the Thomas Cook subsidiary from Wednesday

Quess Corp is a staffing solutions company in which largest shareholder Thomas Cook (India) owns 69.5 percent stake.

Jun 27, 2016

NSE national stock exchange ipo listing limit foreign investor investment public issue stocks shares rbl bank ipo

NSE plans share listing on Indian, overseas exchanges in 2017

By April 2017, the National Stock Exchange will also file papers seeking for an international listing.

Jun 27, 2016

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