Business news

Bank stocks lead market fall; Sensex, Nifty close down 1%

Bank stocks, burdened with estimated bad loans at about $100 billion, have seen a lot of selling pressure recently.

Feb 10, 2016

Govt may allow 100% FDI in marketplace model of e-commerce: Report

Currently, 100 percent overseas capital is allowed in business-to-business (B2B) e-commerce ventures.

Feb 10, 2016

Import tariff value hiked on gold, silver

The import tariff value is now $388 per 10 gm on gold and $487 per kg on silver.

Feb 10, 2016

Tata Group eyes Myanmar, Vietnam as future markets

Growing economies, expanding middle class and tax incentives together make a strong case for the group to expand its business in Vietnam and Myanmar.

Feb 10, 2016

'Bajirao Mastani' box office success fails to lift Eros Q3 revenues, net profit; shares plunge 10%

Net profit was down 65 percent, while revenues fell 31 percent.

Feb 10, 2016

SpiceJet plans to gain from e-commerce boom

An Economic Times report said that SpiceJet would purchase 100 mini trucks and open 40 warehouses across the country.

Feb 10, 2016

Jet Airways plans better cost control and fleet usage measures

The airline is set to double its earnings per share to Rs 120 in FY17 from the current Rs 68 in FY16.

Feb 10, 2016

Railways looking to hike passenger, freight fares: Report

A Hindustan Times report said the hike in fares can come directly or indirectly, and will be "announced before or after the budget."

Feb 10, 2016

More Americans quitting jobs as labour market strengthens

Job openings, a measure of labour demand, increased 261,000 to a seasonally adjusted 5.61 million in December.

Feb 10, 2016

ESPN casts shadow over Star Wars success at Disney

Investors nervous about the future prospects for Disney sent its shares down 3.5 percent to $89.21 in after-hours trading.

Feb 10, 2016

PepperTap joins downsizing bandwagon, shuts shop in six cities

Start-ups are increasingly resorting to layoffs and partial business shutdowns amid rising costs and pressure by investors to stay profitable.

Feb 9, 2016

Gold regains Rs 28,000 level on safe-haven demand

The yellow metal's prices have risen by Rs 825 in the past eight trading sessions.

Feb 9, 2016

PNB's Q3 profit plummets 93% on bad loan provisions

PNB's gross NPAs soared to 8.47 percent of total advances in the quarter from 5.97 percent in the year-ago quarter.

Feb 9, 2016

Dr Reddy's Labs Q3 net profit hit by forex loss, Venezuela operations

The Hyderabad-based pharma major warned that its operations in Venezuela could impact the March quarter earnings as well.

Feb 9, 2016

SpiceJet to choose between Boeing and Airbus for Rs 75,000-crore deal

The airline has laid the condition of early deliveries as the selling point of the deal.

Feb 9, 2016

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