Business news

Corporate VC funding in Indian start-ups jumps 5-fold in June quarter

Internet, mobile and healthcare were the top three sectors for start-up funding activities in April-June quarter across the world, says a CB Insights report.

Aug 10, 2016

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BSE standalone income, net profit fall in June quarter; Asia's oldest stock exchange gears up for IPO

The BSE's standalone net profit for Q1 stood at Rs. 45.49 crore, down from Rs. 70.47 crore in the corresponding quarter last year.

Aug 10, 2016

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RBL Bank IPO: Price band, issue period, bid lot, QIB, retail portion finalised

The Rs. 1,200 crore public issue (IPO) of private lender RBL Bank opens four days after Independence Day.

Aug 10, 2016

Silicon Valley chip-maker Intel acquires AI start-up for $350 million

Califormia-based Intel Corporation enters the artificial intelligence (AI) foray with its first AI start-up acquisition.

Aug 10, 2016

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Markets heading towards 'gut wrenching drop', says Marc Faber

In a TV interview, investor Marc Faber says the fall in stock prices would "rival the greatest crashes" in the history of stock markets.

Aug 10, 2016

All app-based cab services in Delhi to ply by metre and on fare fixed by government

The Delhi High Court had directed the Arvind Kejriwal-led AAP government to formulate this policy.

Aug 10, 2016

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Bullish July car sales data fails to drive share prices of Maruti, Tata Motors, Mahindra

July car sales data released by Siam showed 9.62 percent increase, but that did not lift Maruti, Tata Motors, Mahindra share prices.

Aug 10, 2016

Oil dips on oversupply; calls for producer meeting met with scepticism

International Brent crude futures were at $44.93 per barrel, down 5 cents.

Aug 10, 2016

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Hero Motocorp reappoints Pawan Munjal as CMD for five years

Pawan Munjal's current term ends on Sept. 30, 2016; it has been extended by five years by Hero Motocorp.

Aug 9, 2016

SpiceJet launches Independence Day sale; offers discounted airfares at Rs. 299

The three-day-sale is valid from Tuesday until Friday (Aug. 11).

Aug 9, 2016

IDFC Bank launches its first branch in Northeast region

The bank also set up an ATM facilities in rural locations of Meghalaya.

Aug 9, 2016

RBI monetary policy statement impact: Sensex down but bank stocks gain after Rajan leaves repo rate unchanged

Stock markets did not react much to RBI chief Rajan's decision to leave repo rate unchanged. But bank stocks gained marginally.

Aug 9, 2016

Idea Cellular Q1 net profits decline by 74.5 percent; revenues up 79 percent

Idea Cellular posted a 74.5 percent decline in net profit due to spectrum spending for the April-June 2016 quarter.

Aug 8, 2016

Airbus under scanner in UK over charges of 'fraud, bribery and corruption'

France-based aerospace company Airbus said it was cooperating with the on-going probe by the U.K.

Aug 8, 2016

Phone Bills To Go Up By 10-15 Percent In Coming Months; Carriers Owe Government Crores In Spectrum Purchase

Naspers-backed Pay U to acquire fintech firm Citrus Pay in all-cash deal

The Nasper-Citrus deal is expected to close by the end of August or September this year.

Aug 8, 2016

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