Business news

LIC earns Rs. 11,000 crore profit in FY16 on equity investments

State-run insurer LIC invested Rs. 65,000 crore during financial year 2015-16.

Apr 7, 2016

Bombay Stock Exchange BSE indian stock markets equitas holdings small bank

Sensex, Nifty fall on profit booking, expected weak corporate earnings

Benchmark indices Sensex and Nifty fell almost one percent Thursday.

Apr 7, 2016

Future Retail sells 40% stake in supply chain entity for Rs. 580 crore

Singapore-headquartered SSG Capital will acquire the stake in Future Supply Chain Solutions.

Apr 7, 2016

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Diabetes cases reach 422 million as poorer countries see steep rises

The number of adults with diabetes has quadrupled worldwide in under four decades to 422 million, and the condition is fast becoming a major problem in poorer countries, a World Health Organization study released on 6 April showed

Apr 7, 2016

GVK family fail to pay Rs 1,662 crore for coal mines in Australia

The Reddy family had acquired the Hancock coal mines for $1.2 billion in 2011, Business Standard reports.

Apr 7, 2016

N.R. Narayana Murthy, Chairman Emeritus of Infosys

Nasscom rejects Murthy's 'immigration agents' comment on Indian IT firms

NR Narayana Murthy's comment does not reflect what the Indian IT industry is doing for companies in the US, Nasscom president said.

Apr 7, 2016

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Stocks and shares ISA: 10 best companies to invest in for 2015/16

From Astrazenica to Royal Mail, here is where you should be investing your savings this tax year.

Apr 7, 2016

Tata Steel to start sale process of UK business April 11, to give 'reasonable' time period

Sajid Javid, Britain's business secretary, held a meeting with Tata Group Chairman Cyrus Mistry in Mumbai Wednesday.

Apr 7, 2016

SunEdison setback may delay Modi's 'ultra mega' solar drive in India

It's doubtful any rival will pick up the project at the aggressive power pricing promised by SunEdison.

Apr 7, 2016

Samsung Electronics profit beats expectations as hopes rise for smartphone recovery

Samsung said in a regulatory filing its January-March operating profit was likely 6.6 trillion won ($5.72 billion).

Apr 7, 2016

Future Group acquires furniture retailer FabFurnish

Future Group will use FabFurnish's online platform to take its Home Town retail stores online.

Apr 6, 2016

SC asks Mallya to disclose assets, prove his bona fide

The lenders' consortium has requested his presence in person to negotiate a new repayment package.

Apr 6, 2016

Tata Group set to expand business in Vietnam, Myanmar

Tata Steel: UK Govt meets Indian-origin businessman for sale talks

UK Business Minister Sajid Javid met Liberty House Group's Sanjeev Gupta to determine his interest in buying steel business.

Apr 6, 2016

Airlines in Asia could get a lift from Alaska-Virgin merger

Foreign airlines could market Alaska Air's U.S. flights to their customers in Asia and take a commission for those sales.

Apr 6, 2016

Amazon chief Bezos defends corporate culture in letter to shareholders

Amazon was the subject of a months-long investigation by the Times, which depicted the company as having a bruising corporate culture.

Apr 6, 2016

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Delhi govt to give Rs 1 crore to slain BSF soldier Narendra Singh's family

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