Business news

Amazon Prime: 6 benefits to Indian buyers

A look at the 6 benefits from the newly launched Amazon Prime subscription service launched in India on Tuesday.

Jul 26, 2016

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Maruti Suzuki net profit rises 23% in Q1 on higher sales of Vitara Brezza, Baleno

Maruti Suzuki India Ltd. reported 23 percent rise in net profit for June 2016 quarter, aided by higher volume sales of new models.

Jul 26, 2016

Flipkart-owned Myntra acquires Jabong for $70 million in all cash deal

Flipkart pipped rivals Snapdeal, Alibaba and Aditya Birla group's Abof.com to buy Jabong.

Jul 26, 2016

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Bajaj Finance June quarter net profit up 54%; company announces stock split, 1:1 bonus

Bajaj Finance reported 54 percent rise in Q1 net profit; company board announces stock split, 1:1 bonus.

Jul 26, 2016

Telecom panel fixes minimum 3% spectrum usage charge

The Cabinet will consider the Telecom Commission's proposal next week.

Jul 26, 2016

ICICI, Axis: First Indian banks to join Swift's global payments initiative

ICICI and Axis joins more than 70 banks across the globe to be part of Swift's cross-border payments enhancement initiative.

Jul 25, 2016

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PNB Housing Finance IPO: India's fifth-largest home loan firm eyes expansion

PNB Housing Finance, which is coming out with an initial public offering (IPO) of shares, wants to expand footprint to smaller cities.

Jul 25, 2016

SC sends notice to Mallya on false asset disclosure, seeks reply on contempt of court plea

Mallya has not complied fully with the court's orders and hid some details about his assets, says the Attorney General of India.

Jul 25, 2016

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Coal stocks sufficient to operate thermal plants for 23 days

Coal stocks stood at 31.39 million tonnes as of July 19, enough to operate power plants for 23 days, says government data.

Jul 25, 2016

Nandan Nilekani invests in eCommerce venture for the first time

10i Commerce is the first eCommerce start-up to raise funding from Infosys co-founder Nanadan Nilekani.

Jul 25, 2016

India mulling proposal to create one oil giant by merging state-run firms

If the idea materializes, the new entity could make several global oil giants appear as small fry and also compete with other larger conglomerates.

Jul 25, 2016

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Gold shares rise on BSE after industry appeals to Modi govt for import duty cut

Shares of Titan, PC Jeweller and Gitanjali Gems rose on Monday after GJF members sought 50 percent cut in import duty on gold.

Jul 25, 2016

Zoomcar raises $25 million from Ford Motor; equity funding rises two-fold

Zoomcar has raised $25 million from Ford Motor, and the latest funding has taken its total equity funding to $46.5 million.

Jul 25, 2016

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SBI, ICICI Bank, Maruti Suzuki lead Sensex rally on BSE; HPCL, IOC, BPCL gain on merger buzz

The Sensex was up by more than 200 points during mid-session rally led by SBI, ICICI Bank, Maruti Suzuki, HPCL, BPCL and IOC.

Jul 25, 2016

Verizon set to acquire Yahoo in a $4.8 billion deal

Verizon Communications will announce its plans to buy Yahoo's core assets before the U.S. markets open on Monday morning.

Jul 25, 2016

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