Business news

Asian markets outside Japan trade lower on 21 November

Global Markets: Asian shares, US stock futures dented by growth worries

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 per cent, drifting away from a recent seven-week top.

Jan 22, 2019

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Kotak Mahindra Bank Q3 net rises 23%, marks fastest pace in 6 quarters

Kotak Mahindra Bank's ledgers were helped by higher interest income as well as write-back of provisions.

Jan 21, 2019

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CCD aficionados await a better brew after Siddhartha's MindTree pullout

A restructuring could help coffee chain focus on core business and expand to new geographies boosting share price discovery.

Jan 21, 2019

L&T's Rs 9,000 crore mega share buyback plan hits Sebi compliance hurdle

L&T sought the regulatory nod for the share buyback in compliance with the required debt-equity ratio on the basis of its standalone financial statements.

Jan 20, 2019

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Budget expectations, Q3 results to guide Indian equities

The NSE Midcap Index has closed at a five-week low and is beginning to witness broad-based selling. Nifty on the other hand has been able to eke out gains based on a select few bluechip stocks.

Jan 20, 2019

China set to post slowest growth in 28 years in 2018, more stimulus seen

China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown.

Jan 20, 2019

Michelin boss a possible successor to Ghosn at Renault, hints France finance minister

Michelin Chief Executive Jean-Dominique Senard could be a good choice to head carmaker Renault , French finance minister Bruno Le Maire said in a newspaper interview published on Sunday.

Jan 20, 2019

Will Modi govt's e-commerce policy help Reliance beat Amazon and Flipkart?

Reliance Industries will use its two subsidiaries, Reliance Retail and Jio to help the smaller retailers/merchants sell their products to rural and small towns of India

Jan 19, 2019

Tesla cuts over 3,000 jobs amid 'extremely difficult challenge,' Musk aims for cheaper Model 3

The job cut is said to be step taken by Tesla in a bid to increase the production of Model 3 and bring down its cost. The cheapest version of the Model 3 currently sells for about $45,000 and Tesla plans to bring down the figure to $35,000.

Jan 19, 2019

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Wipro third quarter net profit rises 30%, beating estimates

On a further positive note, the Bengaluru-headquartered software giant forecast higher sequential revenue in the next quarter.

Jan 18, 2019

Goyal family, Etihad at odds over Jet rescue plan

Goyal wants at least a 25% stake in reconstituted Jet equity; Goyal and Etihad seek Sebi exemption from takeover code violation

Jan 18, 2019

Sensex weekly gain at 378 pts; Reliance up 4.5% on day, Sun Pharma down 9%

Sun Pharma was the top loser, cracking 8.58 percent, on reports of fresh allegations by a whistleblower against the company.

Jan 18, 2019

Sun Pharma shares tank 12% as whistleblower sends fresh complaint to Sebi

The fresh whistleblower complaint pertains to the investments made by Sun Pharma co-promoter Sudhir Valia.

Jan 18, 2019

SBI-led consortium eyes debt-equity deal as Jet Airways rescue talks enter final stage

Jet shares turn volatile over Etihad offer reports while proposals include dilution of Goyal's equity and seats for lenders on the company's board.

Jan 17, 2019

Mindtree tempers earnings commentary even as profits jump 35%

IT company Mindtree's revenues rise 29.7 per cent amid suggesting the firm has diversified its client base that will help improve the earnings in the final quarter.

Jan 17, 2019