Business news

Forbes's 100 richest Indians: Mukesh Ambani leads the pack; check top 10 list

Reliance Industries chairman Mukesh Ambani has topped the list with a net worth of $22.7 billion.

Sep 23, 2016

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GNA Axles to list on September 26

Punjab-based firm GNA Axles approached the primary market to raise about Rs 130 crore via initial public offering (IPO).

Sep 23, 2016

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BAE Systems, Qinetiq, Thales: Which companies will benefit from increased UK defence spending?

The UK government has pledged to boost defence spending by nearly Â£5bn by 2020/21.

Sep 23, 2016

Jet Airways to enhance connectivity to US; shares rise

Jet Airways will offer seamless connectivity to North America and Europe over Paris from October 30.

Sep 23, 2016

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Tech Mahindra to report higher revenues in next two years: IDFC Securities

In a note, brokerage IDFC Securities says new deals and enterprise business would drive revenue growth for Tech Mahindra.

Sep 23, 2016

Marriott International acquires Starwood Hotels for $13 billion

The acquisition makes Marriott International world's largest hotel company, comprising 5,700 properties across 110 countries.

Sep 23, 2016

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Avendus Capital hires Ambit's Andrew Holland, fund managers

Fund managers, research analysts and marketing head Bhautik Ambani also move to Avendus Capital along with Andrew Holland.

Sep 23, 2016

L&T Technology Services lists at 7% premium

L&T Technology Services shares were issued at Rs. 860 per share in the recently-concluded initial public offering.

Sep 23, 2016

Vodafone filed a petition against TRAI for letting Jio extend its free services

Vodafone Group invests Rs 47,000 crore into Indian arm

The fund infusion will be utilised to reduce the telecom firm's debt and strengthen its spectrum portfolio.

Sep 23, 2016

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L&T Technology Services shares to list on 23 September on BSE

The company fixed the issue price at Rs 860 per share, at the higher end of the price band.

Sep 22, 2016

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HDFC Bank shares hit new 52-week high on stock upgrade by CLSA

In a note, brokerage CLSA says digital and CASA initiatives will drive growth for private sector lender HDFC Bank.

Sep 22, 2016

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Wipro to buy China-based Zhongshan Ma Er Daily Products

The acquisition of Zhongshan Ma will help penetrate South China's personal care market, says Wipro.

Sep 22, 2016

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Bulls cheer US Fed's decision to keep interest rates unchanged; Sensex, Nifty rally

The US Federal Reserve's decision to leave interest rates unchanged has triggered a bull rally on Indian stock markets.

Sep 22, 2016

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Fifth tranche of gold bond scheme nets Rs 820 crore

The fifth tranche of sovereign gold bond scheme has received 2 lakh applications for 2.37 tonnes of gold, says government.

Sep 22, 2016

Tata Motors, Castrol shares rise after partnership deal

Under the new partnership deal, Castrol will supply lubricants to Tata Motors' passenger vehicles.

Sep 22, 2016

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