Business news

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

Oil prices rise on renewed output freeze talks, but fundamentals remain weak

Analysts said that the price rise came on the back of renewed calls by some OPEC members to freeze production.

Aug 8, 2016

Narendra Modi Modi government modi completes two years in office

PM launches 4,000 MW super thermal power project in Telengana

The initial investment of the project is valued at Rs.10,600 crore.

Aug 7, 2016

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Income Tax department raids offices of Muthoot Capital Services

The searches were carried out for alleged tax evasion.

Aug 7, 2016

RBI policy meet on Aug. 9 to guide stock markets next week

Indian stock markets would be driven largely by the RBI's stance on rate cut at the policy meet scheduled to be held on Aug. 9.

Aug 6, 2016

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