Business news

Top Swiss companies to invest in Andhra Pradesh

Zurich-based Flisom proposed an initial investment of $200 million, while Gherzi offered to set up a Rs 2,000-crore textile park.

Jan 20, 2016

Sensex tumbles 400 points on falling oil prices

Reliance Industries' strong results for the December quarter failed to lift its stocks.

Jan 20, 2016

Global unemployment rate to slip lower next year, ILO says

The ILO also said the total number of unemployed people will top 200 million for the first time in 2017.

Jan 20, 2016

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Mark Carney: Now is not yet the time to raise interest rates

Bank of England Governor Mark Carney said on 19 January that he did not have a set timetable for raising British interest rates and wanted to see faster growth and stronger underlying inflation first. Carney said global and domestic growth had proved weaker than he had expected in the middle of the year, when he predicted that a decision on when to raise interest rates would have come into sharper relief by early 2016.

Jan 19, 2016

Will Kya Kool Hain Hum 3, Airlift, Mastizaade do a Bajirao Mastani at the box office?

"Airlift" and "Kya Kool Hain Hum 3" will be released on 22 January, while "Mastizaade" will hit screens on 29 January.

Jan 19, 2016

Reliance Industries reports 39% rise in Q3 net profit

The turnover was Rs.73,341 crore, down 23.9% from Rs.96,330 crore, YoY.

Jan 19, 2016

Indian Railways plans to cut costs without hiking fares: Report

The railways witnessed freight traffic staying 7% below the target set for the April-December period last year.

Jan 19, 2016

IPOs lined up despite market mayhem

Volatile market conditions are not a big worry for reasonably priced IPOs by good quality companies, said experts.

Jan 19, 2016

Tata Motors may bag Rs 350 crore order for military trucks

The new order would be in addition to the previous order for 1, 239 trucks at a cost of Rs 940 crore.

Jan 19, 2016

ITC's YiPPee! close to emerging as Rs 1,000- crore brand following Maggi controversy

After the Maggi ban, ITC had come out with a timely advertising campaign centered on quality and safety.

Jan 19, 2016

Supreme Court restrains Centre from selling residual stake in Hindustan Zinc

The apex court questioned the decision to sell stake in a company that deals with strategic minerals.

Jan 19, 2016

Tata Motors, Adani Ports, Axis Bank, L&T lead rally on Indian stock markets

The Sensex ended at 24,479.84, a gain of 291.47 points, or 1.21%. The Nifty was up 84.10 points, or 1.14%, at 7,435.10.

Jan 19, 2016

Fabindia sales cross Rs 1,000 crore mark, becomes India's largest retail apparel brand

During the fiscal year 2014-15, the textile company witnessed a 12% rise in sales worth Rs 1,148 crore.

Jan 19, 2016

Paytm to commence payments bank services this summer

The company will have its banking headquarters in Noida (NCR).

Jan 19, 2016

Reliance Jio, Reliance Communications ink deal to share and trade spectrum

Mukesh Ambani's Reliance Jio will buy 800 MHz spectrum from Anil Ambani's RCom in 9 circles and share in 17 circles.

Jan 18, 2016

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