Business news

Sensex crosses 25,000, Nifty above 7,700 on renewed hopes of rate cut

Hopes of a rate cut by the Reserve Bank of India increased after the government slashed small savings interest rates last Friday.

Mar 21, 2016

Investors vie for IDBI Bank's stake: Report

The IFC and CDC Group have been at the forefront of inspecting the bank's assets and liabilities and carry out due-diligence.

Mar 21, 2016

Lafarge India appoints investment bankers to initiate sale of cement units

Bids to buy Lafarge India's 11 million tonnes production capacity are expected from next week, the Business Standard reported.

Mar 21, 2016

Godrej Properties construction real estate

Godrej Properties sets up fund management unit, raises $ 275 million

Godrej Fund Management has raised the money from a group of investors led by Dutch pension fund asset manager APG Asset Management N.V.

Mar 21, 2016

Finnish firm Salcomp to set up 2 factories in India

Investment to the tune of Rs 130-150 crore would be required for the two factories, The Economic Times said.

Mar 21, 2016

Vijay Mallya, Chairman of Kingfisher Airlines

Mallya to consider employee dues, chart a new debt repayment offer

Mallya reportedly wants to stand up to his business leader credential, settle both Kingfisher Airlines loans and employee payments.

Mar 21, 2016

Alibaba plans to set up tech development centre in India by 2016-end

The talks between Alibaba, the Indian government and other partners are in "early stages."

Mar 21, 2016

Crude oil falls for second day as US rig count rises

U.S. energy firms last week added one oil rig after 12 weeks of cuts, according to data by industry firm Baker Hughes.

Mar 21, 2016

ZTE expands Blade series with Blade A910 and Blade V7 Max

US to offer China's ZTE 'temporary relief' on export curbs: Official

The department had said the license applications generally would be denied.

Mar 21, 2016

SWIFT to advise banks on security as Bangladesh hack details emerge

SWIFT staff will also begin calling banks to highlight the importance of reviewing security measures after the attack in Bangladesh.

Mar 21, 2016

Tata Motors: Strike at Sanand plant enters 27th day; 350 workers detained

The workers are demanding the reinstatement of 28 suspended co-workers, who, Tata Motors said, were suspended for "serious misconduct."

Mar 20, 2016

Market cap of TCS, Infosys, RIL, ONGC, ITC up by Rs 37,000 crore

A rally in stock markets during the week ended March 18 saw the market capitalisation of select Sensex stocks rise sharply.

Mar 20, 2016

SEBI asks mutual funds to disclose commission, remuneration and compensation

The Securities Exchange Board of India's circular stipulates disclosure of emolument details from April, commission in October and consolidated statement twice a year.

Mar 19, 2016

Govt to strengthen gold monetisation scheme, rich Hindu temples to contribute

This scheme managed to collect 3 tonnes of gold against the targeted 20,000 tonnes lying idle without traded or monetised.

Mar 19, 2016

China's Alibaba may go solo in India's e-marketplace: Report

Alibaba could come as a standalone e-marketplace or partner with another company and could also consider organic growth as an option, the Business Standard reported.

Mar 19, 2016

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