Business news

Asia stocks near one-year highs; yen slips on BOJ easying bets

Japan's Nikkei gained 1.1 percent, leading the region.

Jul 27, 2016

Oil dips to remain near three-month lows as headwinds persist

International Brent crude oil futures LCOc1 were trading at $44.81 at 0148 GMT.

Jul 27, 2016

Ambuja Cement registers 77% rise in net profit for Q2, shares rise

The company recorded net profit of Rs. 399.51 crore for the quarter ending June 30, 2016.

Jul 27, 2016

Twitter revenue growth stalls, struggles to boost users

The microblogging service operator's shares fell 11 percent in extended trading to $16.40.

Jul 27, 2016

Amazon Prime: 6 benefits to Indian buyers

A look at the 6 benefits from the newly launched Amazon Prime subscription service launched in India on Tuesday.

Jul 26, 2016

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Maruti Suzuki net profit rises 23% in Q1 on higher sales of Vitara Brezza, Baleno

Maruti Suzuki India Ltd. reported 23 percent rise in net profit for June 2016 quarter, aided by higher volume sales of new models.

Jul 26, 2016

Flipkart-owned Myntra acquires Jabong for $70 million in all cash deal

Flipkart pipped rivals Snapdeal, Alibaba and Aditya Birla group's Abof.com to buy Jabong.

Jul 26, 2016

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Bajaj Finance June quarter net profit up 54%; company announces stock split, 1:1 bonus

Bajaj Finance reported 54 percent rise in Q1 net profit; company board announces stock split, 1:1 bonus.

Jul 26, 2016

Telecom panel fixes minimum 3% spectrum usage charge

The Cabinet will consider the Telecom Commission's proposal next week.

Jul 26, 2016

ICICI, Axis: First Indian banks to join Swift's global payments initiative

ICICI and Axis joins more than 70 banks across the globe to be part of Swift's cross-border payments enhancement initiative.

Jul 25, 2016

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PNB Housing Finance IPO: India's fifth-largest home loan firm eyes expansion

PNB Housing Finance, which is coming out with an initial public offering (IPO) of shares, wants to expand footprint to smaller cities.

Jul 25, 2016

SC sends notice to Mallya on false asset disclosure, seeks reply on contempt of court plea

Mallya has not complied fully with the court's orders and hid some details about his assets, says the Attorney General of India.

Jul 25, 2016

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Coal stocks sufficient to operate thermal plants for 23 days

Coal stocks stood at 31.39 million tonnes as of July 19, enough to operate power plants for 23 days, says government data.

Jul 25, 2016

Nandan Nilekani invests in eCommerce venture for the first time

10i Commerce is the first eCommerce start-up to raise funding from Infosys co-founder Nanadan Nilekani.

Jul 25, 2016

India mulling proposal to create one oil giant by merging state-run firms

If the idea materializes, the new entity could make several global oil giants appear as small fry and also compete with other larger conglomerates.

Jul 25, 2016

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