Business news

Starbucks, Tata Group ink global initiatives; expand collaboration

The initiatives include sourcing Indian coffee for the US market, and offering Starbucks coffee on Vistara flights.

Jun 27, 2016

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Markets shrug off Deutsche Bank's Brexit-induced Sensex downgrade, end on a flat note

The Sensex seem to be ignoring a 2,000-point downgrade by Deutsche Bank in the context of Brexit.

Jun 27, 2016

Bajaj Finserv rises 8% on report of stake buyout in insurance ventures from Allianz

The deal to buy out Allianz's stake in the two insurance joint ventures could cost Bajaj Finserv Rs. 10,000 crore, says a Mint report.

Jun 27, 2016

Reliance Power locked in compensation claims after pulling out of Tilaiya power project

Reliance Power hopes to close the termination of Tilaiya power project by recovering Rs. 714 crore as bank guarantee and compensation.

Jun 26, 2016

Asian Paints to set up manufacturing units in AP, Karnataka

The investment of setting up of the two units is estimated to be about Rs. 4,000 crore.

Jun 26, 2016

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Foreign investors likely to extend sell-off on Monday, drag Sensex, Nifty

However, a surprise Sensex rally is also a possibility if investors shrug off Brexit on Monday, just as they ignored Rexit.

Jun 26, 2016

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Indiabulls Housing Finance to raise Rs. 300 crore via debt

Non-convertible debentures with face value of Rs. 1 lakh each aggregating Rs. 300 crore will be issued on private placement basis.

Jun 25, 2016

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Infosys, Wipro shares fall more sharply on Nasdaq than on BSE

The drop in American depositary shares of Infosys and Wipro was higher than the fall on the BSE; DJIA, S&P lost heavily.

Jun 25, 2016

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Gold prices in India dip to over 2-year low: Report

As Brexit drove up gold prices in India to a record level, jewelers and gold stockists succeeded in bringing it down on Saturday.

Jun 25, 2016

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Wipro Ventures makes its first VC investment with TLV Partners deal

Wipro follows Infosys to invest in a venture capital firm to tap more start-ups focusing on disruptive technologies.

Jun 25, 2016

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Tata Steel, Tata Motors, Maruti Suzuki among worst-hit due to Britain leaving EU: Analyst

Tata Steel UK has a high exposure in Europe, a stronger yen is bad for Maruti Suzuki and JLR sales could face problems.

Jun 25, 2016

Citigroup resolves 'technical issue' that left accounts frozen

Customers had taken to social media to complain about the outage, which affected several U.S. states, including New York, Pennsylvania and California, according to Bloomberg.

Jun 25, 2016

Brexit: Firms expect spending on IT to take a hit in short term

Infosys, Wipro and Zensar expect fluctuation in pound sterling would affect labour mobility contraints and cut in IT spending post Brexit.

Jun 24, 2016

Tata Steel's future in limbo as Britain exits EU

The shares of Tata Steel fell 6.61 percent to Rs. 311.70 on Friday on the Bombay Stock Exchange.

Jun 24, 2016

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Indian stock markets' overreaction to Brexit unwarranted, says advisory firm

With its low share in India's exports and foreign direct investment, Europe does not matter much to India, said advisory firm Equinomics.

Jun 24, 2016

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