Business news

Yes Bank plans raising $1 billion through QIP

The lender bank has hired Goldman Sachs to raise the amount.

Jun 21, 2016

Wal-Mart to sell China online unit to JD.com for a 5% stake

Under the deal, JD.com will issue about 145 million new class A shares to Wal-Mart, worth about $1.5 billion at JD.com's current valuation.

Jun 21, 2016

Govt allows PPF subscribers to prematurely close accounts after 5 years

Expenditure on higher education, medical treatment will qualify as reasons strong enough for complete withdrawal of the deposit amount.

Jun 20, 2016

AgustaWestland chopper scam: ED raids involved firms, freezes assets worth Rs. 86 crore

The raids in New Delhi, Mumbai and Hyderabad were part of the agency's probe into Rs. 3,600 crore AgustaWestland VVIP chopper deal.

Jun 20, 2016

Preventive drug against breast cancer is holy grail for women with BRCA1 gene

An existing drug may target precancerous cells in breast tissues, helping women at high risk of cancer.

Jun 20, 2016

Bombay Stock Exchange BSE indian stock markets equitas holdings small bank

SpiceJet, Jet Airways, Interglobe shares rally on liberalised FDI norms for civil aviation sector

Shares of InterGlobe, SpiceJet, Jet Airways Reliance Defence jumped six to seven percent after the government eased FDI norms for defence and aviation sectors.

Jun 20, 2016

Eros International to launch remakes of 'Hero No. 1,' 'Biwi No. 1'

Eros International and Vashu Bhagnani's Puja Entertainment & Films signed a deal to launch remakes of Salman Khan, Govinda films.

Jun 20, 2016

Amazon ties up with Vodafone to boost its online market

Amazon's partnership with Vodafone and its Udaan project for smaller towns is aimed at people who are not yet shopping online.

Jun 20, 2016

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RBI Governor Raghuram Rajan's problems with Modi Govt started in March 2015

The Modi government's response to RBI chief Raghuram Rajan's demands were not going down well for quite some time.

Jun 20, 2016

Markets shrug off Rexit, Brexit fears; Sensex reverses early morning losses

Rexit has not affected Sensex, which opened with a loss of about 130 points on Monday but recovered later.

Jun 20, 2016

Essar Oil plans to have 4,300 petrol pumps across India by December 2017

Essar Oil plans to have an initial investment of Rs. 2,500 crore by the pump owners.

Jun 20, 2016

State Bank of India among firms that invested in cluster bomb-making companies: Report

Cluster bombs are banned under the Convention on Cluster Munitions signed in 2008 by more than 100 countries.

Jun 19, 2016

SpiceJet to offer 'taxi pick-up' option when booking flight tickets

The airline said the initiative would help in raking in more revenues with more number of travellers.

Jun 19, 2016

Iran inks deal to buy 100 Boeing aircraft for $17 billion

However, there was no definitive timeline for the contract because the deal still required U.S. treasury's permission.

Jun 19, 2016

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Sensex likely to take a hit on Monday, courtesy Rexit

Market sentiments could take a hit on Monday in response to RBI chief Raghuram Rajan ruling out seeking a second term.

Jun 18, 2016

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