Business news

Shoppers Stop posts loss, low revenue growth in June quarter

K Raheja Group retail chain Shoppers Stop announced its first quarter (Q1) results on Friday.

Jul 29, 2016

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Royal Enfield maker Eicher Motors reports sharp rise in Q1 net profit, sales

Royal Enfield maker Eicher Motors posted 59 percent rise in net profit for the quarter ended June 2016; sales grew 42 percent.

Jul 29, 2016

Godrej Consumer's Q1 net profit doubles to Rs. 244 crore on cost cutting, commodity tailwinds

Sequentially, however, the company's sales were affected by slow growth in consumer goods sector worldwide.

Jul 29, 2016

Microsoft will axe 4,700 jobs worldwide in next 12 months

The job cuts would mainly target the company's smart phone hardware business and global sales unit.

Jul 29, 2016

Flipkart layoff estimates range from 300 to 700; company downplays issue

E-commerce firm Flipkart is reportedly laying off many employees, but the company says "under performers" are asked to leave.

Jul 29, 2016

Alphabet posts strong revenue on video market, stock surges

The results put to rest lingering concerns about how the rise of mobile might impact Google.

Jul 29, 2016

India to block Tata's $1.17 billion settlement payment to Docomo: Report

Tata Sons has agreed to pay NTT Docomo $1.17 billion arbitration award for bungling up its investment in Tata Teleservices.

Jul 28, 2016

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Jet Airways, Indigo, GoAir slash ticket prices by up to 30% to ride out lean season

Trying to capitalise on the lean air travel season of August and September, India's airlines have cut prices by up to 30 percent for the months

Jul 28, 2016

China's Fosun to acquire India's Gland Pharma for $1.3 Billion

The transaction could be India's largest inbound acquisition in 2016 and China's first in India's pharmaceutical sector.

Jul 28, 2016

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Punjab National Bank's Q1 net profit falls 58%, asset quality worsens

However, higher growth in its other income category and lower expenditure on tax arrested a much steeper fall predicted by analysts.

Jul 28, 2016

Boeing's jumbo jet era could end soon [Video]

The production of Boeing 747 has fallen due to reduced orders and increased pressure on its costing.

Jul 28, 2016

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Green bonds to hit a new high of $75 billion this year, says Moody's

Green bonds worth $42.4 billion were issued last year.

Jul 28, 2016

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7th Pay Commission hopefuls Asian Paints, Berger, Kansai Nerolac gain sharply on BSE; logistics shares rise on GST buzz

Asian Paints's upbeat results lifted Kansai Nerolac and Berger Paints shares; these firms are expected from pay commission recommendations.

Jul 28, 2016

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Government raises FDI limit in stock, commodity exchanges to 15%

The rise in investment cap applies to stock exchanges, depositories and commodity derivative exchanges.

Jul 28, 2016

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Lloyds Banking Group to cut 3,000 jobs, shut down 200 branches

The latest job cut and branch shut down announcement was made by the Lloyds Banking Group while declaring the H1 results.

Jul 28, 2016

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