Business news

L&T Infotech gets regulator's nod to issue Rs 2,000 crore IPO

The company will issue 1,75,00,000 equity shares with face value of Re 1 each through the offer.

Jan 5, 2016

Goldman Sachs invests $66 million for minority stake in Indian hotel firm Samhi

A gradual recovery in Asia's third-largest economy is boosting demand for hotel rooms.

Jan 5, 2016

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China halts stock trading after 7% slump activates circuit breaker

Chinese stock trading was halted on the first day of trading in 2016 after the CSI 300 Index plunged more than 7 percent.

Jan 4, 2016

Wipro shuffles leadership, elevates Abidali Neemuchwala and TK Kurien

Group president and COO Abidali Z Neemuchwala is the new CEO and TK Kurien has been elevated to the position of executive vice-chairman.

Jan 4, 2016

SC ban on diesel cars: Mercedez, Toyota, Mahindra's plea seeking changes to be heard on 5 January

The 16 December order banned sale and registration of diesel cars with engine capacity of 2000 cc or above in Delhi.

Jan 4, 2016

Renault India registers 160% growth in December car sales

In CY 2015, it sold 53,847 cars, 20% more than CY 2014 sales of 44,849 units.

Jan 4, 2016

Trading halted on Shanghai and Shenzhen stock markets following 7% crash

The "circuit breaker" system leads to termination if the Hushen 300 Index falls by more than 7%.

Jan 4, 2016

Sensex, Nifty end with huge losses following Chinese stock market crash

IRB Infra gained about 4.8% on news that the company has won a Rs 10,000 crore National Highway project.

Jan 4, 2016

IndiGo to run flights to Doha this year

However, the exact date of launch is yet to be finalised by the airline.

Jan 2, 2016

Over 450 stocks on BSE did not find sellers on 1 January

One out of six traded stocks on the exchange had hit upper circuit on Friday.

Jan 2, 2016

Maruti Suzuki domestic car sales decline during October to December, exports also fall

From 1,21,063 units in October 2015, sales dropped to 1,11,333 units in December 2015.

Jan 2, 2016

Delhi's odd-even rule: Hero Electric to give free e-bike ride for commuters

The company has partnered with Bikemate for the people to book the ride with ease.

Jan 2, 2016

December auto sales: Ashok Leyland posts 31% growth, Tata Motors CV sales up 6%

Ashok Leyland had suffered production disruption for two days due to Chennai floods last December.

Jan 2, 2016

Volkswagen India rolls out 1,23,456 vehicles in 2015 from Pune plant

The plant produced 10% additional units compared to the 1,12,012 units in 2014.

Jan 2, 2016

Rally in aviation stocks entering 'danger zone': Analyst

While SpiceJet shares went up a whopping over 300% last year, Jet Airways shares rose 82%.

Jan 2, 2016

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