Business news

Asia shares bounce on bright earnings, yen bruised

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.4 percent in early trade.

May 11, 2016

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Gold buying this Akshay Tritiya slowed due to high prices

An annual Hindu and Jain festival saw 35 percent lower demand compared to last year.

May 10, 2016

Government to sell 15% stake in MMTC and STC

The government has asked bankers to help sell 15 percent stake sale in the two companies.

May 10, 2016

7 bidders shortlisted for Tata Steel's UK business

Sajjan Jindal-owned JSW Steel and Liberty House are reportedly among the seven shortlisted bidders, Mint reported.

May 10, 2016

Germany's JAB to take Krispy Kreme private for $1.35 billion

JAB, making its second U.S. acquisition in just over two months has ambitions to build a global coffee powerhouse to rival market leader Nestle SA.

May 10, 2016

Sensex gains 460 points on better-than-expected corporate earnings

The S&P BSE Sensex and the NSE Nifty surged on better corporate earnings and passage of insolvency legislation.

May 9, 2016

UAE-based Indian firms line up $3.6 billion for investment in Uttar Pradesh

In the forthcoming weeks, the UP government will declare the names of the five investors.

May 9, 2016

Zomato CEO Deepinder Goyal responds to HSBC slashing app's valuation

Besides Deepinder Goyal, Info Edge, the largest shareholder in food ordering app Zomato, also disagreed with HSBC's valuation.

May 9, 2016

MCFL shares fall on suspicion of 'irregularities and mismanagement' in investment

Mangalore Chemicals & Fertilizers Ltd., (MCFL), co-promoted by Vijay Mallya's UB Group, is now facing wider probe by Indian agencies.

May 9, 2016

China trade may sway Fed's rate decision

A run of Chinese data is expected to show activity moderated in April after a strong showing in March.

May 9, 2016

Oil up 2% as wildfires threaten Canada supply, Saudi moves eyed

Brent crude futures rose 85 cents, or 1.9 percent, to $46.22 a barrel, after peaking at $46.48.

May 9, 2016

IndiGo says not passing all benefits of lower fuel prices to passengers

The acknowledgement resulted from the concerns of rising airfares despite slump in oil prices.

May 8, 2016

Titan to acquire majority stake in CaratLane

CaratLane is involved in designing, manufacturing, trading and retailing of gems and jewellery, said Tata Group firm Titan.

May 7, 2016

Vedanta to set up steel plant in Jharkhand

The 1 million tonne per annum capacity integrated steel plant will entail an initial investment of Rs. 1,700 crore, Vedanta said.

May 7, 2016

Govt to protect identities of taxpayers revealing undisclosed income

A compliance window will be opened from June to September to facilitate disclosures under the Income Tax Disclosure Scheme.

May 7, 2016

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