Business news

Brazil judge approves Samarco dam burst settlement with government

The agreement will see Samarco, BHP and Vale pay a government-estimated $5.6 billion over 15 years to cover and repair damages.

May 6, 2016

Oil stable as production outages offset impact of stronger dollar

The disruptions helped offset the impact of a stronger dollar this week.

May 6, 2016

Yes Bank gets in-principle approval to commence custodian services

The private sector lender said the new business will complement the bank's existing capital market services.

May 5, 2016

Sensex, Nifty gain on passage of Finance Bill 2016

Both the benchmark indices reversed a three-day losing streak as market sentiments were buoyed by the passing of the Finance Bill 2016.

May 5, 2016

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Eicher Motors Q4 net profit jumps 71% on robust sales of Royal Enfield motorcycles

Investments worth Rs. 1,000 crore in the current fiscal to ramp up production are on the anvil, Eicher Motors, which makes Royal Enfield, said. .

May 5, 2016

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Tata Group published 3,500 patents in two years

The patents were primarily in the area of computation and data processing, vehicle propulsion, communications and fuels and controls.

May 4, 2016

National Stock Exchange NSE gold ETFs gold prices

Gold ETFs post weekly gains; NSE, BSE to extend ETF trading hours on Akshaya Tritiya

Gold ETFs have rallied in the past seven days on rising gold prices; NSE, BSE will have extra trading hours on Akshaya Tritiya.

May 4, 2016

Lenskart raises over $60 million in fresh funding

Ratan Tata, IFC, others invest Rs. 400 crore in Lenskart

The online eyewear retailer is expanding its offline network to ensure delivery, service and return of products ordered online.

May 4, 2016

Supreme Court directs tobacco companies to immediately follow Govt health warning rules

The tobacco companies are embroiled in a legal battle with the government over larger health warnings on the packages.

May 4, 2016

State Bank of India to recruit 2,200 officers, launches new career website to woo youth

The strength of officers in State Bank of India, the country's largest lender, has been declining over the years.

May 4, 2016

Health activists slam US report which puts India on priority watch list for IPR protection

The U.S. report had said India's laws don't provide adequate protection of intellectual property rights to MNCs

May 4, 2016

Jindal brothers finalise Chhattisgarh power plant acquisition deal

Sajjan Jindal-owned JSW Energy is acquiring 100 percent of JSPL's 1,000 MW power plant in Chhattisgarh, owned by brother Naveen.

May 4, 2016

Bidders emerge for Tata Steel's UK assets

Liberty House and a management buyout team called Excalibur said they had submitted an initial expression of interest.

May 4, 2016

Seven big banks settle US rate-rigging lawsuit for $324 million

Several pension funds and municipalities accused 14 banks,of conspiring to rig the "ISDAfix" benchmark for their own gain.

May 4, 2016

Sensex, Nifty extend losing streak; TVS Motor plunges 10% after Q4 results

Both the Sensex and Nifty shed about 0.80 percent tracking global cues, while TVS Motor lost on missing margin estimates.

May 3, 2016

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