Business news

Nalco to buy back stake worth $450 million from government: Report

Nalco's stock price stood at Rs. 46.35 per share, valuing the company at Rs. 11.9 lakh crore.

May 2, 2016

Vijay Mallya resigns from Rajya Sabha

The Parliamentary Ethics Committee was scheduled to meet Tuesday and was likely to expel the MP from the upper house.

May 2, 2016

Renault India domestic car sales zoom in April

Domestic car sales rose 211 percent to 12,426 vehicles over 4,001 cars sold in April 2015, Renault India said in a statement on Monday.

May 2, 2016

Convergys in advanced talks to buy BPO firm Minacs: Report

If the deal materialises, it could be worth $500 million acquisition, the Mint reported.

May 2, 2016

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Wipro, Saudi Aramco, Princess Nourah University launch Saudi Arabia's first all-women business park

The all-women business park is expected to create 21,000 jobs for Saudi women over 10 years.

May 2, 2016

Bajaj Auto, Royal Enfield motorcycle sales rise in April

Bajaj Auto reported 25 percent volume growth, while Royal Enfield motorcycle sales rose 42 percent in April.

May 2, 2016

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Maruti Suzuki, Hyundai, Mahindra domestic car sales rise in April

However, exports by Maruti Suzuki dropped 13.7 percent, while Hyundai witnessed a 6.5 percent fall in exports in April.

May 2, 2016

Liberty House confirms bidding for Tata Steel's UK business

Indian-origin businessman Sanjeev Gupta-owned Liberty House was one of the first companies to show interest in buying Tata Steel's UK business.

May 2, 2016

Tata Power may acquire Welspun's wind solar assets

The Tata Power-Welspun deal is valued at Rs. 9,627 crore, the Economic Times reports.

May 2, 2016

India's Lupin to scale up brand, specialty business in US

Lupin said it is looking to launch new products, acquire brands and specialty companies in the United States.

May 2, 2016

Cement companies expecting revival in demand in current financial year

Cement companies expect infra projects to drive demand growth to 6-8 percent in 2016-17, Mint reports.

May 2, 2016

Japan April manufacturing PMI hits lowest since January 2013 after Kumamoto earthquake

The Markit/Nikkei Japan Manufacturing Purchasing Managers Index (PMI) fell to a seasonally adjusted 48.2 in April.

May 2, 2016

Oil prices fall on rising OPEC crude production

Brent futures LCOc1 were trading at $47.05 per barrel at 0028 GMT on Monday, down 32 cents from their last settlement.

May 2, 2016

Amul expects turnover of Rs. 50,000 crore in 4 years

Amul's turnover has risen nearly threefold to Rs. 23,000 crore in the last three years.

May 1, 2016

TCS, HDFC Bank, ONGC add Rs. 34,256 crore to market cap last week

TCS, which added Rs. 22,236 crore to its market capitalisation, was the biggest gainer of the week.

May 1, 2016

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