Business news

Myntra does a U-turn, to relaunch its mobile site

Soon after it changed to app-only format, Myntra had noticed a sharp fall in sales.

Dec 1, 2015

More Russian oil drilling shows its resolve to OPEC

According to Eurasia Drilling Company (EDC), Russian drilling measured in metres rose 10% in the first 6 months of this year from a year ago.

Dec 1, 2015

SEBI issues regulatory norms for listing of stock exchanges

A listed stock exchange should maintain 51% of shareholding of public category.

Dec 1, 2015

Brazil: CSN retains 87.52% stake in joint venture with Asian partners

Asian partners will have a 12.48% stake.

Dec 1, 2015

Sensex closes flat in the absence of positive triggers

Initially, both the bellwether indices of the Indian equity markets opened on a positive note.

Dec 1, 2015

Isis bans Syrian banknotes, may be ready to issue its own currency

The move affects businessmen, store owners and employees who put all their savings into the high value notes.

Dec 1, 2015

Israel: Netanyahu orders suspension of EU contacts over labelling of West Bank goods

EU had said all goods coming from West Bank need to be labelled, so they're differentiated from Israeli goods.

Nov 30, 2015

Saudi Arabia consumes more Indian rice these days than Iran

Besides Saudi Arabia and Iran, other rice importers include the UAE, Iraq and Kuwait.

Nov 30, 2015

Markets end flat ahead of key data releases, RBI meeting

The RBI is expected to maintain a wait-and-see approach amid growing chances of a Fed rate hike.

Nov 30, 2015

IPO woes: Coffee Day Enterprises investors continue to suffer losses

The share, which was issued for Rs 328, closed at Rs 255.20 on the BSE on Monday.

Nov 30, 2015

Bharti Airtel to spend Rs 60,000 crore on upgrading network

Reliance Jio launch could pressurise the profit margins of other players like Bharti Airtel.

Nov 30, 2015

India's financial conditions are better over previous quarter, says CII-IBA

Financial conditions have shown a healthy improvement due to low cost of funds, strong liquidity, etc.

Nov 30, 2015

Investors turn cautious ahead of Q2 GDP numbers, markets trading flat

The Sensex was 26,138 points, up 0.04%, while the NSE was down 0.11% at 7,933.60 at 1.40 pm

Nov 30, 2015

Maruti Suzuki to invest Rs 15,000 crore for sales and services infrastructure expansion over 5 years

As dealers cannot afford land, the company plans to procure the land and lease it to the dealers.

Nov 30, 2015

IDBI Bank stock spurts 9% on reports of stake acquisition by IFC

The stock ended the day at Rs 93.45 on the BSE, up 8.16% from its Friday close.

Nov 30, 2015

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