Business news

SBI, Thomas Cook India launch holiday savings accounts to woo travellers

The bank's online customers can pre-select a holiday from Thomas Cook and save for it through a recurring deposit with the bank.

Feb 4, 2016

Air India Express expects net profit of Rs 200 crore in FY16

In order to improve its profitability, the company plans to convert rupee loans into dollar loans.

Feb 4, 2016

Lafarge puts entire India cement business on the block

The latest announcement from Lafarge comes after its attempt to sell part of the business to Birla Corp failed.

Feb 4, 2016

Aviation stocks crash on rebound in crude oil prices

Fuel costs account for around 40%-50% of the operating costs of aviation companies.

Feb 4, 2016

Bajaj Auto Q3 net profit up 4.7%; revenues fall marginally

The dip in revenues was mainly on account of a fall in exports, while other income boosted net profit.

Feb 4, 2016

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Why Shell and BP could benefit from oil industrys renaissance

Shell and BP to benefit from oil renaissance?

Feb 4, 2016

RBS abandons sale of its India banking operations

The bank may now opt for selling individual parts of the business as it gradually shuts down its local operations.

Feb 4, 2016

Budget session starts from Feb. 23, Union Budget on Feb. 29

The Railway Budget will be presented on 25 February, followed by Economic Survey on Feb. 26.

Feb 4, 2016

Nasscom cuts software services growth estimate for next fiscal

Growth concerns in the US and high volatility in Chinese markets are likely to pose significant risks for the IT industry going forward.

Feb 4, 2016

TCS labelled as world's 'most powerful brand' in IT services

It reportedly earned AA+ rating on a variety of measures such as familiarity, loyalty, job satisfaction and corporate reputation.

Feb 4, 2016

RMZ waiting for clarity on dividend distribution tax before IPO

A senior executive of the Bengaluru-based developer said they may look at Singapore for listing if it does not work for India.

Feb 4, 2016

Blackstone, Apollo join Tech Mahindra in race to buy Mphasis: Report

There is "no certainty" that the talks would result in a deal, sources said.

Feb 4, 2016

China's Alibaba in talks to buy stake in Flipkart: Report

The deal could make Alibaba one of the top investors in the Indian e-commerce space, alongside Japan's SoftBank Group.

Feb 4, 2016

Toshiba plans $3.2B investment in new Japan chip facility

Toshiba may deepen full-year loss forecast as restructuring costs mount

The Nikkei reported that Toshiba will downgrade its net loss projection to over 600 billion yen.

Feb 4, 2016

Yahoo plans to cut 15% jobs, shut down several units

The company would announce its plans after the declaration of Q4 results on Tuesday.

Feb 2, 2016

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