Business news

OPEC predicts oil market to balance by end of 2016

Signs of reduction in oil glut was apparent with price settling just below $50 a barrel from the lowly $25 it had reached prior to February.

Jun 13, 2016

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Gold prices rise for 5th straight day, close at three-week high

A firm trend in global markets coupled with strong buying in India ensured gold prices remained high in the country.

Jun 13, 2016

Tata Power inks deal to buy Welspun Renewables for Rs. 9,249 crore

The acquisition will boost Tata Power's clean energy production to 2300 MW.

Jun 13, 2016

Dr. Reddy's Laboratories buys 8 drugs from Israel's Teva Pharma for $350 million

The acquisition of these generic drugs is subject to Teva Pharm's acquisition of US-based Allergan Plc.

Jun 13, 2016

AirAsia India announces promotional offer; tickets start at Rs. 899

The limited-period scheme offer is valid from June 13 to 19, AirAsia India said.

Jun 13, 2016

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Fortis Healthcare shares crash on Rs. 500 crore penalty; Sensex narrows loss to close 239 points down

A Fortis Healthcare subsidiary has been asked to pay Rs. 503 crore by the Delhi government for alleged land allotment violation.

Jun 13, 2016

Tata Group to mentor 300 women staff for top leadership positions

The group aims to have more women at top leadership positions in line with the company's vision of gender-diversity.

Jun 12, 2016

India Post to roll out 650 payments bank branches next year

The branches will be launched with initial investments of Rs. 800 crore and a workforce of over 3.5 lakh people.

Jun 12, 2016

TAG Heuer pushing brand in Chinese market, says CEO

Jean-Claude Biver said TAG's sales grew 20 percent during the first five months in 2016.

Jun 12, 2016

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Panel to recommend a RBI chief; Govt to apply discretion

The appointment of the Reserve Bank of India governor will follow a panel's recommendation, though government can apply its discretion.

Jun 11, 2016

Gawker Media files for bankruptcy after Hulk Hogan sex tape lawsuit

Ziff Davis has expressed an interest in Gawker Media after it recently filed for bankruptcy in the wake of the Hulk Hogan lawsuit

Jun 11, 2016

Gawker Media files for bankruptcy, to go up for sale

Gawker Media LLC put itself up for sale on Friday after a $140 million court judgment against it in a lawsuit brought by Hulk Hogan over a sex tape.

Jun 11, 2016

IKEA to buy more local cotton, expand stores in India

The company said purchase of cotton for its textile requirements is poised to grow in India in the coming years.

Jun 10, 2016

Euro 2016: England vs Russia preview

Everything you need to know about the Euro 2016 match between England and Russia.

Jun 10, 2016

Hindalco shares rise 3% on bullish prospects for aluminium companies

Aditya Birla Group company Hindalco is the largest producer of aluminium in India and also has interests in copper.

Jun 10, 2016

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