Business news

Oil prices dip on surging Iran sales, but looming OPEC deal offers support

Traders said prices were dented by the latest rise in Iranian crude and condensate sales.

Oct 4, 2016

Rafale jet deal: Reliance Group, Dassault Aviation set up joint venture

The aim is to benefit from local manufacturing requirements under the recently signed Rafale fighter aircraft deal.

Oct 3, 2016

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Sensex, NSE rally on easing India-Pakistan tensions, rate-sensitive stocks gain

Benchmark indices gain ahead of the MPC meeting on interest rates; talks between NSAs of India and Pakistan boost sentiments.

Oct 3, 2016

State Bank of India opens branch in Myanmar

The branch in Myanmar capital Naypyidaw marks SBI's 54th foreign branch spanning 37 countries.

Oct 3, 2016

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RBL Bank acquires 10% stake in Utkarsh Micro Finance; shares rise

Through the strategic move, the bank hopes to extend its distribution footprint and strengthen financial inclusion initiatives.

Oct 3, 2016

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7th Pay Commission effect: Honda, Yamaha, Bajaj Auto two-wheeler sales spurt in September

Honda Motorcycle and Scooters, Bajaj Auto and India Yamaha post high domestic sales, riding on 7th CPC salary hike bonanza.

Oct 3, 2016

The headquarters of the Deutsche Bank are reflected in the polished floor, in Frankfurt, Germany, April 27, 2015.

Deutsche Bank to go ahead with planned 1,000 job cuts in Germany

Last October, its CEO had announced a plan to cut 9,000 jobs, which translates into nine percent of the global workforce.

Oct 3, 2016

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ICICI Prudential Life Insurance continues to disappoint investors

Shares of India's largest private insurer ICICI Prudential Life trade below its issue price even after 3 days of listing.

Oct 3, 2016

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Domestic car sales: How Honda, Nissan, Ford, Renault, Hyundai performed in September

Ford, Renault, Nissan, Hyundai post growth while Honda reports yet another decline in September car sales.

Oct 3, 2016

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Aviation, oil stocks jump after Jet fuel prices rise 3%

The new Aviation Turbine Fuel (ATF) prices came into effect on October 1.

Oct 3, 2016

Oil prices fall on high production despite planned OPEC output cut

OPEC's oil output is likely to reach 33.60 million bpd in September from a revised 33.53 million bpd in August.

Oct 3, 2016

Asia stocks start Q4 with gains, sterling stumbles

The index climbed 8.8 percent in the third quarter, its best performance since early 2012.

Oct 3, 2016

Tata Motors passenger vehicles set to cost more

The auto major said it could announce the hikes during the festive season to offset rising input costs.

Oct 2, 2016

Deutsche Bank executives heading to US to negotiate settlement

The potential fine, announced two weeks ago, has sent shares in Germany's biggest lender into freefall.

Oct 2, 2016

RCom names William Barney, Gurdeep Singh new co-CEOs after Sawhny's exit

Reliance Communication CEO Vinod Sawhny stepped down on September 30.

Oct 2, 2016

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