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RBI initiates 'prompt corrective action' against IDBI Bank

The development follows April 13, 2017 revision of the prompt corrective action (PCA) guidelines by RBI.

May 10, 2017

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Closing your car loan? Don't make these mistakes

It's not just payment of the last EMI, make sure you complete the formalities to bring a closure to your car loan.

May 10, 2017

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Quick updates on Indian markets: HUDCO IPO, mid-cap shares, buzzing stocks, Sensex reclaims 30,000 mark, Hero Motocorp Q4 results

Tracking Asian stock markets, BSE Sensex gains 240 points to cross the 30,000 again, benchmark indices rally led by select stocks like HUL, Mahindra, Airtel.

May 10, 2017

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Wipro, Infosys react to reports of layoffs; Capgemini responds to rumours about laying off 9,000 employees

In separate statements, IT software exporters Wipro and Infosys respond to reports of layoffs affecting many employees, after Capgemini also reacted to similar news.

May 10, 2017

Interglobe Aviation Q4 net profit falls 25%; IndiGo parent to buy 50 ATR aircraft

Interglobe Aviation, which owns budget carrier IndiGo, announced its Q4 and FY2017 results on Tuesday and declared dividend of Rs 34 per share.

May 9, 2017

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Godrej Consumer Products declares 1:1 bonus, Rs 12 as fourth interim dividend; Q4 net profit surges

Adi Godrej-led Godrej Consumer Products announces upbeat Q4 results, 1:1 bonus shares and Rs 12 as fourth interim dividend; his daughter Nisaba is the new chief.

May 9, 2017

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Nisaba Godrej succeeds father Adi Godrej as head of Godrej Consumer Products

At 39, Nisaba Godrej will be the youngest women to head a large organisation like Godrej Consumer Products; Adi Godrej will be chairman emeritus.

May 9, 2017

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ChrysCapital-backed Eris Lifesciences, India Energy Exchange set to come out with IPO

Eris Lifesciences recently got Sebi approval for its IPO; India Energy Exchange is also planning one; S Chand, Avenue Supermarts and BSE are the three prominent firms that got listed this year.

May 9, 2017

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Oil rebounds, as OPEC talks up cutting supply into 2018

Oil prices have been under pressure of late, amid investor concerns the global supply glut is not receding as fast as expected.

May 9, 2017

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Capgemini, Cognizant layoff buzz fails to dampen share prices of Infosys, Wipro, TCS, Tech Mahindra

Layoff reports are strong in Capgemini, Cognizant Technology Solutions (CTS) and Wipro, yet shares of Infosys, Tech Mahindra, TCS, HCL Tech are not impacted.

May 9, 2017

French IT company Capgemini reacts to reports of large-scale layoffs

In response to media reports that it is laying off about 9,000 employees, Capgemini issues a formal statement on Tuesday evening.

May 9, 2017

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S Chand lists at 5% premium to issue price but falls later

Education book publisher S Chand and Company (SCCL) lists at Rs 707 a gain of 5.5 percent to its issue price of Rs 670 per share.

May 9, 2017

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ACC, Ambuja Cements gain on merger buzz

In June 2016, Ambuja Cements had bought Holcim India's 24 percent stake in ACC; LafargeHolcim owns 63.6 percent in Ambuja Cements; now the two companies are mulling merger.

May 8, 2017

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Vijaya Bank, CESC, Ceat, ACC, ICICI Bank, Indiabulls Real Estate, hit new 52-week high

Stocks that hit new 52-week high on Monday include ACC, Eicher Motors, Escorts, ICICI Bank, Vijaya Bank, Sobha and Ceat.

May 8, 2017

Mutual funds hit a new high in April; investments in equity schemes more than double

Assets under management (AUMs) of India's 42 mutual funds rose to Rs 19.26 lakh crore as of April 30 from Rs 17.55 lakh crore a month earlier.

May 8, 2017

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Business news

RBI initiates 'prompt corrective action' against IDBI Bank

Closing your car loan? Don't make these mistakes

Quick updates on Indian markets: HUDCO IPO, mid-cap shares, buzzing stocks, Sensex reclaims 30,000 mark, Hero Motocorp Q4 results

Wipro, Infosys react to reports of layoffs; Capgemini responds to rumours about laying off 9,000 employees

Interglobe Aviation Q4 net profit falls 25%; IndiGo parent to buy 50 ATR aircraft

Godrej Consumer Products declares 1:1 bonus, Rs 12 as fourth interim dividend; Q4 net profit surges

Nisaba Godrej succeeds father Adi Godrej as head of Godrej Consumer Products

ChrysCapital-backed Eris Lifesciences, India Energy Exchange set to come out with IPO

Oil rebounds, as OPEC talks up cutting supply into 2018

Capgemini, Cognizant layoff buzz fails to dampen share prices of Infosys, Wipro, TCS, Tech Mahindra

French IT company Capgemini reacts to reports of large-scale layoffs

S Chand lists at 5% premium to issue price but falls later

ACC, Ambuja Cements gain on merger buzz

Vijaya Bank, CESC, Ceat, ACC, ICICI Bank, Indiabulls Real Estate, hit new 52-week high

Mutual funds hit a new high in April; investments in equity schemes more than double

Nine days of Navratri: What is the festival all about and the significance of the celebrations

Telangana man kills wife playing Bathukamma

Covid-19 Update: India reports 4,129 new Covid cases, recovery rate stands at 98.72%