Business news

Biocon gets first Generic Formulation approval for cholestrol drug in EU

Biocon's EU approval for Rosuvastatin calcium tablets opens up $1.2 billion market.

Feb 15, 2016

AirAsia India CEO not quitting, says Tony Fernandes

Earlier, it was reported that Mittu Chandilya was planning on leaving the airline after his contract with AirAsia India ended in March 2016.

Feb 15, 2016

HSBC keeps headquarters in London, rejects move to Hong Kong

The decision comes at the end of a tumultuous week for European banks, whose shares have tumbled on fears of a global economic slowdown.

Feb 15, 2016

Modi urged to make reality match 'Make in India' hype

Even as the "Make in India" hype scales new heights, some marketing experts have cautioned against creating unrealistic expectations.

Feb 15, 2016

Lingerie makers report decline in net profit in December quarter

Lovable Lingerie's revenues grew 13% but Maxwell Industries saw sales plunge 23%.

Feb 13, 2016

IIM Bangalore sees fall in campus hiring by e-commerce firms: Report

An IIM official told The Financial Express that students were cautioned over accepting offers from consumer Internet firms.

Feb 13, 2016

Paytm lets you buy milk and vegetables using your debit/credit cards

Paytm delays launch of its payments bank business

Sharma said Paytm has "underestimated a lot of things" in commencing payments bank services.

Feb 13, 2016

Weak IIP, inflation data to weigh in on Indian stock markets next week

While retail inflation was at a 17-month high in January, IIP contracted for a second straight month in December 2015.

Feb 13, 2016

Oracle to invest $400 million in India, says global CEO Safra Catz

The company will set up a campus in Bengaluru, India.

Feb 13, 2016

Anil Agarwal to set up $10 billion LCD panel plant in Maharashtra

Agarwal said the company would try to make India a major export hub for display units.

Feb 13, 2016

Railway Budget to focus on raising investments: Suresh Prabhu

The minister also said the government would continue with initiatives taken in the last Budget for the development of Railways.

Feb 13, 2016

Apollo Hospitals Enterprise net profit up 14.9%

The AHEL portfolio includes over 9,000 beds across 65 Hospitals, 2,263 Pharmacies, 130 Primary Care and Diagnostic Clinics, 100 Telemedicine units across 10 countries.

Feb 13, 2016

IDBI Bank posts record loss of Rs 2,184 crore for December quarter

The bank had earned a net profit of Rs 102 crore in the Oct-Dec quarter in 2014.

Feb 13, 2016

U.S., UK likely to charge multiple banks in Libor rigging: WSJ

U.S. and British regulators are leading a seven-year investigation into the manipulation of Libor, or the London interbank offered rate.

Feb 13, 2016

Risk aversion buying pushes gold prices to near Rs 30,000 per 10 gm

Gold prices have gone up sharply during this week amid a tailwind generated by stock markets and a depreciation in rupee.

Feb 12, 2016

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