Business news

Vijay Mallya's Kingfisher House auction fails for the third time

The consortium of banks found no takers since no buyer came forward to bid for the property.

Dec 19, 2016

SAIL expects higher sales on rising output, plans to double exports in 2017

The steel major has almost completed capacity expansions and expects a quantum jump in production as well as in sales going ahead.

Dec 19, 2016

Laurus Labs IPO: Shares list at 14.5% premium over issue price on NSE

The Hyderabad-based pharma company's Rs 1,332 crore IPO was oversubscribed 4.54 times with sound retail participation.

Dec 19, 2016

Budget 2017: Railways plans new Mumbai-Goa superfast train; separate agency to recommend fares

Railways will also provide Rs 40,000 crore for city projects to develop and strengthen the network and ensure speedy transit.

Dec 19, 2016

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Indian markets slip in morning trade amid selling by investors, funds

BSE Sensex is currently trading lower by 100 points to 26,390, while the Nifty 50 is 27 points down to 8,112.

Dec 19, 2016

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NSE new CEO: National Stock Exchange may hire an outsider for top job after Chitra Ramkrishna's sudden exit

The NSE may look for an external candidate as it has no one from the current talent pool to potentially replace Ramkrishna.

Dec 19, 2016

Oil prices rise in anticipation of tighter 2017 market

Traders said the higher prices in front-month crude futures were due to expectations of a tighter market.

Dec 19, 2016

SpaceX seeks to launch over 4000 satellites

Is SpaceX CEO Elon Musk serious about starting a new company to reduce traffic by digging tunnels?

The Tesla Motors CEO, frustrated by sitting in traffic, said he is ACTUALLY going to form A Boring Company to dig tunnels and reduce traffic.

Dec 18, 2016

Budget 2017 will focus on encouraging public, private spending: Arun Jaitley

Jaitley said spending boost is required to satisfy India's aspiration to increase GDP growth and become a developed economy.

Dec 18, 2016

British Airways strike: Cabin crew to strike on Christmas and Boxing Day over low pay

The Unite union has said that thousands of British Airways cabin crew members will go on strike because of "poverty pay and broken promises."

Dec 17, 2016

US Federal Reserve needs more than 3 rate hikes next year: Jeffrey Lacker

As per this key member of the US Federal Reserve, more hikes would be required to contain any spike in inflation.

Dec 17, 2016

Canara Bank to finalise consultants for stake sale in Can Fin Homes, Canbank Factors

State-run lender Canara Bank holds 13.45 percent stake in Can Fih Homes, a listed home loan company.

Dec 17, 2016

Zee Learn scraps proposed merger deal with Tree House

The pre-school chain Tree House has abruptly closed down hundreds of play group centres leaving parents and students in lurch.

Dec 17, 2016

Nusli Wadia's Bombay Dyeing poised for a better future: Dynamic Levels

Textile manufacturer Bombay Dyeing is controlled by Nusli Wadia, who is in the eye of a storm for his battle with Ratan Tata.

Dec 17, 2016

Indian IPO market gives blockbuster performance in 2016

Twenty-six companies have raised over Rs 26,000 crore so far this year on the back of bullish market sentiments.

Dec 17, 2016

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