Business news

Investors cheer Argentina's swift offer to holdouts

Argentina on Friday proposed a $6.5 billion payment to settle a legal battle.

Feb 7, 2016

Jet Airways Q3 net profit soars on lower fuel costs, higher passenger traffic

The company's net profit was Rs 467.11 crore, as against Rs 63.11 crore in the corresponding quarter last fiscal.

Feb 6, 2016

Eicher Motors Q4 net profit rises on higher sales of Royal Enfield, better margins

The company sold 125,690 units of Royal Enfield in Q4, 2015, 52 percent more than 82,215 units sold in Q4, 2014.

Feb 6, 2016

Gold prices soar to 9-month high on strong buying

Gold prices have gained more than 10 percent since the beginning of the year.

Feb 6, 2016

Inflow into equity MFs touched 20-month low in January

The negative sentiment that prevailed in January had hit retail investors hard.

Feb 6, 2016

Budget 2016: MPs want income tax exemption limit for individuals to be raised to Rs 4 lakh

The suggestion was made at the first meeting of the consultative committee attached to the union finance ministry on Friday.

Feb 6, 2016

Govt to create $1.25 billion fund to finance renewable energy projects

A Mint report said the fund will assist in ramping up clean energy generation to 175GW by 2022.

Feb 6, 2016

Vijaya Bank Q3 net profit rises sharply on higher net interest income

The state-run bank's net interest income rose 33 percent, enabling it to post 41 percent increase in net profit.

Feb 6, 2016

Budget 2016 to make provisions for OROP, pay panel recommendations: Arun Jaitley

The finance minister expressed confidence that the government would be able to meet the fiscal deficit target in the current financial year.

Feb 6, 2016

Indian Railways' income to grow by 50% over 5 years, says Suresh Prabhu

Prabhu said India's growth prospects "makes it all the more compelling to invest in railway."

Feb 6, 2016

India's foreign exchange reserves rise $1.58 billion to $349.15 billion

The increase was mainly due to an increase in foreign exchange assets.

Feb 5, 2016

Kya Kool Hain Hum 3 stars Tusshar Kapoor, Mandana Karimi, Aftab Shivdasani

Balaji Telefilms reports Rs 6.62 crore profit in Q3; to raise Rs 150 crore in private placement

The company will use the proceeds of the issue in expanding its B2C digital content business.

Feb 5, 2016

Snapdeal to cut ties with Aamir Khan as brand ambassador: Report

The contract was extendable by a year, but the company decided against it, the Economic Times reported.

Feb 5, 2016

Bank, pharma stocks lead rally as Sensex jumps 278 points

Lupin gained 9.82 percent, while Canara Bank closed 6.93 percent higher on the NSE.

Feb 5, 2016

Adani Power likely to set up $2.2 billion plant in Jharkhand: Report

Adani Power plans to double its power generation capacity in India to 20,000 MW by the end of this decade.

Feb 5, 2016

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