Business news

All app-based cab services in Delhi to ply by metre and on fare fixed by government

The Delhi High Court had directed the Arvind Kejriwal-led AAP government to formulate this policy.

Aug 10, 2016

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Bullish July car sales data fails to drive share prices of Maruti, Tata Motors, Mahindra

July car sales data released by Siam showed 9.62 percent increase, but that did not lift Maruti, Tata Motors, Mahindra share prices.

Aug 10, 2016

Oil dips on oversupply; calls for producer meeting met with scepticism

International Brent crude futures were at $44.93 per barrel, down 5 cents.

Aug 10, 2016

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Hero Motocorp reappoints Pawan Munjal as CMD for five years

Pawan Munjal's current term ends on Sept. 30, 2016; it has been extended by five years by Hero Motocorp.

Aug 9, 2016

SpiceJet launches Independence Day sale; offers discounted airfares at Rs. 299

The three-day-sale is valid from Tuesday until Friday (Aug. 11).

Aug 9, 2016

IDFC Bank launches its first branch in Northeast region

The bank also set up an ATM facilities in rural locations of Meghalaya.

Aug 9, 2016

RBI monetary policy statement impact: Sensex down but bank stocks gain after Rajan leaves repo rate unchanged

Stock markets did not react much to RBI chief Rajan's decision to leave repo rate unchanged. But bank stocks gained marginally.

Aug 9, 2016

Idea Cellular Q1 net profits decline by 74.5 percent; revenues up 79 percent

Idea Cellular posted a 74.5 percent decline in net profit due to spectrum spending for the April-June 2016 quarter.

Aug 8, 2016

Airbus under scanner in UK over charges of 'fraud, bribery and corruption'

France-based aerospace company Airbus said it was cooperating with the on-going probe by the U.K.

Aug 8, 2016

Phone Bills To Go Up By 10-15 Percent In Coming Months; Carriers Owe Government Crores In Spectrum Purchase

Naspers-backed Pay U to acquire fintech firm Citrus Pay in all-cash deal

The Nasper-Citrus deal is expected to close by the end of August or September this year.

Aug 8, 2016

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Wipro, Infosys to witness rising operating costs as SEZ tax exemption nears expiry

The SEZ contract of Infosys, Wipro and HCL Technologies will expire during the next five years in Karnataka.

Aug 8, 2016

Sony Pictures all set to buy Zee's Ten Sports: Report

The value of the deal is estimated to be around Rs. 2,000 crore.

Aug 8, 2016

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Delhi High Court to hear SpiceJet dispute with KAL and Kalanithi Maran over share warrants today

The dispute between SpiceJet and its former owners â€” KAL Airways and Kalanithi Maran â€” pertains to non-issuance of share warrants.

Aug 8, 2016

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HPCL, BPCL, IOC shares gain on BSE after brokerage estimates further upside on upbeat earnings

In a note, Nomura Global Markets Research said state-run HPCL, BPCL, IOC are in for better times ahead, lifting their share prices on BSE.

Aug 8, 2016

Essar Oil plans to invest Rs. 1,200 crore to upgrade refinery, boost margin

The company invested Rs. 400 crore during a 28-day shutdown of its Vadinar oil refinery in Gujarat last year.

Aug 8, 2016

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