Business news

Jet Airways, JetLite get shareholders' nod for merger

According to Jet Airways, the merger would result in greater efficiency from the merged entity.

Apr 24, 2016

Volkswagen positive of China sales, plans more investments with JV partners

Volkswagen also plans to invest â‚¬4 billion ($4.49 billion) with its joint-venture partners in China this year.

Apr 24, 2016

Reliance Jio 4G launch in India: Commercial rollout finally begins next month with free calls and data

Reliance Jio on track to launch 4G services, says RIL

Reliance Jio Infocomm, the telecom arm of Mukesh Ambani-controlled Reliance Industries Limited, gave the information in a presentation.

Apr 23, 2016

Gold, silver prices fall in India on low demand, global cues

Gold prices declined by Rs. 225 per 10 gm and silver was down Rs. 150 per kg on Saturday in Delhi bullion market.

Apr 23, 2016

Vedanta Group company Cairn India posts record loss of Rs. 10,948 crore in fourth quarter

Cairn India's loss was due to a one-time impairment charge of Rs. 11,674 crore on account of fall in crude oil prices, it said.

Apr 23, 2016

Dell SecureWorks, 2016's first tech IPO, fizzles on Wall Street

SecureWorks priced below its indicated range and opened the day even lower; it also cut the number of shares it was offering from 9 million to 8 million.

Apr 23, 2016

Reliance Defence to raise up to Rs. 1,200 crore via rights issue

Reliance Defence and Engineering, an Anil Ambani Group company, plans to utilise the proceeds to retire debt and augment resoruces.

Apr 22, 2016

Kingfisher and UB Group chairman Vijay Mallya

Mallya claimed salary, other perks as Rajya Sabha MP

Mallya, whose term as an MP ends in July 2016, claimed constituency allowance, telephone and office expenses regularly.

Apr 22, 2016

India's 2nd-biggest defaulter Winsome gives back a pittance as repayment

The gold and diamond house repaid just $150,000 out of the over-$1 billion in outstanding loan to Indian banks, says Economic Times.

Apr 22, 2016

Singapore Airlines arm Scoot to start operations in India

Scoot would operate round-trips from Chennai and Amritsar to Singapore from May 24, whereas flights to and from Jaipur would begin on Oct. 2.

Apr 22, 2016

Gold, silver outperform Sensex in 2016

Gold and silver prices have risen 17.36 percent and 21.17 percent since Jan. 1, while Sensex had declined 1 percent.

Apr 22, 2016

Wipro ADRs plunge more than 4% on Nasdaq, NYSE in response to downbeat Q4 results

In sharp contrast to Wipro, Infosys ADRs rose more than 8 percent after its upbeat Q4 results and FY2017 guidance.

Apr 22, 2016

British govt offers to buy stake in debt-ridden Tata Steel

Up to 40,000 jobs in the UK could be saved if the government's plan to to partly nationalise Tata Steel's UK business works out finally.

Apr 22, 2016

Vijay Mallya makes a new settlement offer of Rs. 6,868 crore

Mallya told the Supreme Court Rs. 1,591 crore could be deposited upfront by selling off shares in United Spirits and Airbus.

Apr 22, 2016

Microsoft revenue, profit misses estimates

Two of Microsoft's three major businesses showed lower operating profits led by intelligent cloud division.

Apr 22, 2016

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