Business news

Oil futures hold near six-month highs as supply concerns dominate

Crude futures have rallied for most of the past two weeks from a combination of Nigerian, Venezuelan and other outages.

May 17, 2016

Aramco awards Hasbah gas expansion contract to L&T and Emas AMC

Work on the expansion scheme includes building platforms and pipelines, with the field's supply feeding the Fadhili gas plant.

May 17, 2016

RBS initiates closure of branches, to shut India banking business by year-end

The bank will shut down all its 10 retail branches in the country in a phased manner.

May 16, 2016

Bank of Baroda shares plummet 10% on BSE, Sensex rebounds to gain 164 points

State-run lender Bank of Baroda had declared a huge loss of Rs. 3,230 crore for the March 2016 quarter last Friday after market hours.

May 16, 2016

Madura Fashion & Lifestyle keen to run Forever 21 stores in India

The division of Aditya Birla Fashion and Retail is in race to get the retail sales rights of Forever 21, the Times of India reported.

May 16, 2016

Phillips Carbon Black shares fall despite upbeat March quarter results

Phillips Carbon Black is a RP-Sanjiv Group firm and makes raw materials for automative tyres.

May 16, 2016

African carrier Ethiopian Airlines plans expansion in India

The African carrier plans to expand its India operations by adding more flights and upgrading aircraft.

May 16, 2016

Japan leads Asia to modest gains; dollar steady

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent.

May 16, 2016

Norway's wealth fund to sue Volkswagen over emissions scandal

The legal action would take place in Germany, the company told Reuters.

May 16, 2016

Oil prices rise on Nigeria, Venezuela disruptions

Analysts said that falling supplies from producers such as Nigeria, the Americas and China had pushed up prices.

May 16, 2016

Steel Imports MIP Steel imports from China

SAIL to shell out Rs. 6,000 crore as capital expenditure this fiscal

The amount will be spent on modernisation and expansion plans, as well as towards research and development.

May 15, 2016

Banks seize Mallya's Kingfisher Villa in Goa

The seizure that followed much legal wrangling would lead to the valuation of the premises soon, followed by an auction.

May 14, 2016

Mumbai-based Piramal Enterprises to acquire four Pfizer brands for Rs. 110 crore

Piramal Enterprises said the deal will strengthen its Over the Counter products portfolio.

May 14, 2016

Warren Buffett, Quicken Loans founder in Yahoo bid: Sources

The interest of Buffett and Gilbert is a boost for the Sunnyvale, California-based company.

May 14, 2016

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

Gold imports plunged 60% in April, gems and jewellery exports up 17%

Gold imports dropped to $1.2 billion last month from $3.1 billion last April, while gems and jewellery exports rose to $3.4 billion.

May 13, 2016

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