Business news

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

Tata Motors appoints Airbus COO Guenter Butschek as its CEO & MD

Guenter Butschek will assume his new role on 15 February 2016.

Jan 18, 2016

MakeMyTrip under scanner for service tax evasion of Rs 75 crore

The DGCEI registered a case against the company and also arrested a senior executive who was later released on bail.

Jan 18, 2016

Govt hikes import tariff on gold, silver

The tariff value is up by $ 9 per 10 gm on gold and $5 per kg on silver.

Jan 18, 2016

Mindtree declares 1:1 bonus, revenues up 2.3% in Q3; Bagchi steps down in management rejig

Rostow Ravanan will replace Krishnakumar Natarajan as the new MD& CEO.

Jan 18, 2016

Wipro misses Q3 IT revenue guidance, net profit up 2% at Rs 2,234 crore

The IT revenues were impacted by Chennai floods that disrupted its operations, the company said.

Jan 18, 2016

Qualcomm forms $280 million JV in China to design and sell server chips

Under the agreement, Qualcomm will also establish a vehicle company for future investments in China.

Jan 18, 2016

Fundamentals could resurface after wrenching sell-off

From most indications the US economy is far from being in a recession, according to many market participants.

Jan 17, 2016

How IBM Watson can help developers and entrepreneurs with its services

To accelerate growth of cognitive computing, IBM has made Watson Developer Cloud available on public domain.

Jan 16, 2016

Wipro Q3 earnings in focus after upbeat Infosys results

Analysts expect the acquisition of Designit to slightly contribute to Wipro's revenues in the third quarter.

Jan 16, 2016

Budget 2016: Air India seeks Rs 4,270 crore for turnaround plan

Air India is likely to turn profitable for the first time in more than four years.

Jan 16, 2016

HUL net profit falls 22% in Q3, stock hits 52-week low

The company's net profit was Rs 971 crore, while revenues grew at a modest 2.7% to Rs 7,981 crore, y-o-y.

Jan 16, 2016

Sensex sheds 480 points on global sell-off, sluggish corporate earnings

A silver lining for the markets this week was Infosys' announcement of upbeat results for the third quarter.

Jan 16, 2016

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