Business news

ICICI Bank Q4 net profit plunges due to Rs. 6,926 crore provisioning

ICICI Bank's provisioning for bad loans includes exceptional provisioning of Rs. 3,600 crore, pulling its standalone net profit to Rs. 701.89 crore.

Apr 29, 2016

Air India expects to cut down losses by half to Rs. 2,636 crore for FY16

The state carrier, currently surviving on a Rs. 30, 231-crore bailout package, reported losses of Rs. 5,859.91 crore in 2014-15.

Apr 29, 2016

Walmart may sell food in India through online and offline stores

The world's largest retailer's plans come after the government announced it would be allowing 100% FDI in retail.

Apr 29, 2016

JSW Energy-JSPL's Chhattisgarh power plant deal put on back-burner

Differences emerging between JSPL and JSW Energy is the main reason behind the deal being delayed, the Economic Times reports.

Apr 29, 2016

Facebook in class of its own as ad revenue soars

Facebook's shares, which touched a record high of $120.79 on Thursday, closed up 7.2 percent at $116.73.

Apr 29, 2016

IMF reaches staff level agreement for $1.5 billion, three-year Sri Lanka loan

IMF Mission Chief said the formal approval of the EFF was "expected to catalyze an additional $650 million in other multilateral and bilateral loans.

Apr 29, 2016

Oil prices dip on looming OPEC production rise

U.S. West Texas Intermediate (WTI) crude futures were down 19 cents at 45.46 a barrel.

Apr 29, 2016

Comcast acquires DreamWorks Animation for $3.8 billion

With this acquisition, Comcast will emerge as a rival to Walt Disney in the money-making business of family entertainment.

Apr 28, 2016

TTK Prestige enters home cleaning segment

The market size is about Rs. 2,500 crore and it is growing in the range of 15 to 20 percent year-on-year, the company said on Thursday.

Apr 28, 2016

IndiGo to add 14 new flights from May

IndiGo, the largest Indian airline by market share, made the announcement days after low-cost carrier SpiceJet launched new flights.

Apr 28, 2016

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Business news

ICICI Bank Q4 net profit plunges due to Rs. 6,926 crore provisioning

Air India expects to cut down losses by half to Rs. 2,636 crore for FY16

Walmart may sell food in India through online and offline stores

JSW Energy-JSPL's Chhattisgarh power plant deal put on back-burner

Facebook in class of its own as ad revenue soars

IMF reaches staff level agreement for $1.5 billion, three-year Sri Lanka loan

Oil prices dip on looming OPEC production rise

Comcast acquires DreamWorks Animation for $3.8 billion

TTK Prestige enters home cleaning segment

IndiGo to add 14 new flights from May

3 reasons why BHS, Austin Reed and other UK retailers are struggling

Government seeking Vijay Mallya's deportation

Chinese fund to invest Rs. 2,000 crore in India's highway construction

Airbus net profit falls 23% in March quarter

P&G shifting away from 'unprofitable' businesses in India