Business news

Raymond to lay off 10,000 people to give way to automation; shares rise

The Mumbai-headquartered firm has a workforce of 30,000 staff across 16 manufacturing plants in India.

Sep 16, 2016

Deutsche Bank says US seeks $14 billion settlement in mortgage case

The bank's US-listed shares have fallen eight per cent in after-hours trading.

Sep 16, 2016

Reliance Communication-Aircel plan to raise $1 billion for new venture

The funds thus raised will be used for expansion plans and for buying mobile spectrum.

Sep 16, 2016

Infosys, Sun Pharma shares saw active buying by mutual funds in August

Mutual funds bought 42 lakh Infosys shares despite the firm losing RBS project; Sun Pharma also saw brisk buying.

Sep 16, 2016

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Nirma raises Rs. 4,000 crore debt to fund Lafarge deal

The India assets sale to Nirma is part of LafargeHolcim's larger divestment programme for the year.

Sep 16, 2016

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Revenue guidance could be lowered again this fiscal, says Infosys; shares rise

Infosys CEO Vishal Sikka cited the RBS project to hint at lowering guidance.

Sep 16, 2016

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AirAsia India inducts 8th aircraft, on course to have 20 by 2017-18

AirAsia India needs a fleet size of at least 20 aircraft to fly international, according to new government norms.

Sep 15, 2016

Air India: 1 in every 3 pilots fails psychology test during interview

Of the 413 pilots interviewed since December 2015, about 130 pilots have failed the psychometric test.

Sep 15, 2016

Google comes to your rescue for booking a cab

Uber to channelise part of China funds for India operations

The taxi-hailing firm is planning to increase its workforce in Bengaluru from 15 to 50 employees by December this year.

Sep 15, 2016

Supreme Court asks Parsvnath Developers to deposit Rs. 12 crore for delaying possession of flats

Almost 70 home buyers have not been given possession of their flats in a project called Exotica in Ghaziabad.

Sep 15, 2016

India Inc to spend Rs. 20,000 crore on advertising this festive season

Sluggishness in e-commerce spending would likely be offset by phone makers, automobiles and FMCG companies and Reliance Jio.

Sep 15, 2016

GNA Axles IPO: Issue oversubscribed 1.36 times; here is what brokerages are saying

Punjab-based manufacturer of rear axle shafts, GNA Axles Ltd., plans to raise up to Rs. 130 crore via the IPO.

Sep 15, 2016

Infosys opens delivery centres in Croatia, Russia

The two delivery facilities would operate as centres for engineering skills in turbo machinery, aerospace and automotive.

Sep 15, 2016

Asian stocks waver as policy uncertainty, weaker oil sap confidence

While a Federal Reserve rate hike at next week's meeting have faded, investors are bracing for a tightening before year-end.

Sep 15, 2016

5th Avenue-like Apple Stores coming to India

iPhone optimism blasts Apple stock to 2016 high

After sinking to a two-year low in July, shares of the world's most valuable listed company have since rebounded 25 percent.

Sep 15, 2016

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