Business news

Yahoo results edge past estimates in good sign for sale of business

Yahoo shares rose nearly 1 percent to $36.66 in light volume in extended trading on Tuesday.

Apr 20, 2016

HDFC to list up to 10% stake in life insurance JV

The Indian lender owned 61.63 percent of the joint venture, HDFC Life, as of the end of March.

Apr 20, 2016

RBL Bank opens dedicated branch in Bengaluru for start-ups

The branch will offer start-ups a range of banking services and help in tax and legal compliance through partners, RBL Bank said.

Apr 19, 2016

Sequoia Capital denies link with Aircel-Maxis case, says ED searches were for investments in Vasan Healthcare

Sequoia Capital allegedly misused India's foreign direct investment policy, CNN News 18 reported.

Apr 19, 2016

gold bars, gold prices, trump policies, strong us dollar, gold demand, gold consumption

Gold imports plummet 80% in March due to strike by jewellers

Shipments of gold into India plunged for a second straight month in March to $972.96 million after an 85 percent surge in January.

Apr 19, 2016

Greybull Capital now looks to buy Tata Steel's specialty arm in UK

The private equity firm has already inked a deal to buy the Long Products division of Tata Steel U.K.

Apr 19, 2016

Crude prices dip as global glut outweighs Kuwait oil strike

Kuwait's oil output has dropped to 1.1 million barrels per day (bpd) from 2.8 million bpd due to the worker strike.

Apr 19, 2016

TCS Q4 net profit rises 64.4%, revenues up 17.5%; treats $940 million fine as 'contingent liability'

Mumbai-based TCS reported net profit of Rs. 6,341 crore and revenues of Rs. 28,449 crore for the March 2016 quarter.

Apr 18, 2016

Vijay Mallya issued non-bailable warrant by a Mumbai court

The Enforcement Directorate had sought action against his repeated nonappearance in a money laundering case.

Apr 18, 2016

Infosys leads Sensex rally; Nifty closes above 7,900

Bengaluru-based Infosys spurted more than 8 percent on Monday in response to its upbeat fourth quarter results declared on Friday.

Apr 18, 2016

SEBI mulling rules to clamp down on rating agencies

The proposed SEBI measures would need credit rating agencies to publicly disclose the criteria they adopt to rate securities.

Apr 18, 2016

IPL chairman Rajeev Shukla being probed by ED: Report

Indian Premier League chairman Rajeev Shukla is believed to be under investigation for alleged money-laundering, the Statesman reported.

Apr 18, 2016

India's wholesale prices fall for 17th straight month in March

Wholesale fuel prices dropped 8.30 percent from a year ago in March.

Apr 18, 2016

Airports Authority of India expects all-time high revenues of Rs. 10,000 crore for FY16

An estimated eight percent growth in the revenues figure has been due to a jump in passenger traffic and aircraft movement.

Apr 18, 2016

Japan quake rattles markets as factories shut; survivors queue for food

Factories for major manufacturers including Toyota, Sony and Honda were closed, causing supply chain disruptions around the country.

Apr 18, 2016

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