Business news

Sensex gains 460 points on better-than-expected corporate earnings

The S&P BSE Sensex and the NSE Nifty surged on better corporate earnings and passage of insolvency legislation.

May 9, 2016

UAE-based Indian firms line up $3.6 billion for investment in Uttar Pradesh

In the forthcoming weeks, the UP government will declare the names of the five investors.

May 9, 2016

Zomato CEO Deepinder Goyal responds to HSBC slashing app's valuation

Besides Deepinder Goyal, Info Edge, the largest shareholder in food ordering app Zomato, also disagreed with HSBC's valuation.

May 9, 2016

MCFL shares fall on suspicion of 'irregularities and mismanagement' in investment

Mangalore Chemicals & Fertilizers Ltd., (MCFL), co-promoted by Vijay Mallya's UB Group, is now facing wider probe by Indian agencies.

May 9, 2016

China trade may sway Fed's rate decision

A run of Chinese data is expected to show activity moderated in April after a strong showing in March.

May 9, 2016

Oil up 2% as wildfires threaten Canada supply, Saudi moves eyed

Brent crude futures rose 85 cents, or 1.9 percent, to $46.22 a barrel, after peaking at $46.48.

May 9, 2016

IndiGo says not passing all benefits of lower fuel prices to passengers

The acknowledgement resulted from the concerns of rising airfares despite slump in oil prices.

May 8, 2016

Titan to acquire majority stake in CaratLane

CaratLane is involved in designing, manufacturing, trading and retailing of gems and jewellery, said Tata Group firm Titan.

May 7, 2016

Vedanta to set up steel plant in Jharkhand

The 1 million tonne per annum capacity integrated steel plant will entail an initial investment of Rs. 1,700 crore, Vedanta said.

May 7, 2016

Govt to protect identities of taxpayers revealing undisclosed income

A compliance window will be opened from June to September to facilitate disclosures under the Income Tax Disclosure Scheme.

May 7, 2016

FCC confirms approval of Charter, Time Warner Cable merger

The deals, which would create the second-largest U.S. broadband provider and third-largest video provider, now need approval from regulators in California.

May 7, 2016

gold jewellery gold prices gold purchases akshay tritiya WGC world gold council

Akshay Tritiya sales likely to remain weak due to high gold prices

Jewellers are expecting gold sales to remain subdued due to high prices this Akshay Tritiya.

May 6, 2016

State Bank of India launches mobile payment app mVisa

mVisa is a scan and pay-based option that eliminates the need to physically swipe cards at merchant outlets, says State Bank of India.

May 6, 2016

SC grants four-week parole to Sahara chief to attend his mother's funeral

Subrata Roy has been in jail for over two years on non-repayment of money to Sahara investors.

May 6, 2016

Snapdeal, Flipkart plan cost cutting measures: Report

The two companies have lost significant market share to competitor Amazon India recently.

May 6, 2016

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