Business news

Paytm lets you buy milk and vegetables using your debit/credit cards

Paytm delays launch of its payments bank business

Sharma said Paytm has "underestimated a lot of things" in commencing payments bank services.

Feb 13, 2016

Weak IIP, inflation data to weigh in on Indian stock markets next week

While retail inflation was at a 17-month high in January, IIP contracted for a second straight month in December 2015.

Feb 13, 2016

Oracle to invest $400 million in India, says global CEO Safra Catz

The company will set up a campus in Bengaluru, India.

Feb 13, 2016

Anil Agarwal to set up $10 billion LCD panel plant in Maharashtra

Agarwal said the company would try to make India a major export hub for display units.

Feb 13, 2016

Railway Budget to focus on raising investments: Suresh Prabhu

The minister also said the government would continue with initiatives taken in the last Budget for the development of Railways.

Feb 13, 2016

Apollo Hospitals Enterprise net profit up 14.9%

The AHEL portfolio includes over 9,000 beds across 65 Hospitals, 2,263 Pharmacies, 130 Primary Care and Diagnostic Clinics, 100 Telemedicine units across 10 countries.

Feb 13, 2016

IDBI Bank posts record loss of Rs 2,184 crore for December quarter

The bank had earned a net profit of Rs 102 crore in the Oct-Dec quarter in 2014.

Feb 13, 2016

U.S., UK likely to charge multiple banks in Libor rigging: WSJ

U.S. and British regulators are leading a seven-year investigation into the manipulation of Libor, or the London interbank offered rate.

Feb 13, 2016

Risk aversion buying pushes gold prices to near Rs 30,000 per 10 gm

Gold prices have gone up sharply during this week amid a tailwind generated by stock markets and a depreciation in rupee.

Feb 12, 2016

Gold ETFs gain as equities reel under global sell-off; gold prices hit new high

Net asset values of gold ETFs are rising in tandem with the rise in the price of the yellow metal.

Feb 12, 2016

Sun Pharma Q3 profit surges 28% despite lower US sales

The pharma major said that the quarterly sales were impacted due to competitive pressure and temporary supply constraints.

Feb 12, 2016

Mahindra's net profit drops 14% to Rs 808 crore during December quarter

The company sold around 58,600 utility vehicles and 59,883 tractor units in the domestic market during Q3.

Feb 12, 2016

India car sales hit roadbump in January: SIAM

January marked the first time in 14 months that car sales declined in India -- one of the world's fastest-growing automobile markets.

Feb 12, 2016

Carlsberg says it is now profitable, and India's second-largest beer company

The company focused on strong beer brands for the Indian market which accounted for 80 percent of the total sales volume.

Feb 12, 2016

Apple plans to set up its first India development centre in Hyderabad: Report

A Business Standard report said the company will take up 250,000 square feet of office space in the Waverock IT towers in Gachibowli.

Feb 12, 2016

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