Business news

Real estate stocks rally on REIT buzz, Unitech biggest gainer

News of REIT norms likely to be relaxed lifted shares of Unitech, HDIL, Oberoi Realty and Sobha.

Jun 17, 2016

GMR denies selling stake in Hyderabad Airport: Report

The stake sale of the Hyderabad airport is reportedly valued between Rs. 5,000 and 5,500 crore.

Jun 17, 2016

Disney faces PR crisis, risk of legal action after gator attack

An alligator snatched and killed a toddler at the Walt Disney World resort in Orlando, Florida, on Tuesday.

Jun 17, 2016

Gold prices near 2-year high on safe haven demand as Brexit looms

A dovish Fed and looming Brexit could point to a bullish market for gold in the near term, analysts said.

Jun 16, 2016

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Vistara, AirAsia India seek quick fleet growth as aviation rules eased, sources say

Vistara and AirAsia India aim to boost their fleet sizes to 20 planes within a year.

Jun 16, 2016

Cabinet clears bill to speed up bad loan recovery, facilitate ease of doing business

The bill seeks to hasten the process of bad loan recovery when stressed assets in banks are estimated at Rs. 8 lakh crore.

Jun 16, 2016

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India exports more gems and jewellery, imports less gold

Export of gems and jewellery rose 24 percent in May, while gold imports fell for the fourth straight month.

Jun 16, 2016

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Sensex loses 200 points on policy announcements by US Fed, Bank of Japan and Brexit fears

Apart from Brexit, US Fed's projection of a gloomy global economy also contributed to the fall in Sensex.

Jun 16, 2016

Media mogul Redstone says he 'no longer trusts' Viacom CEO

The comments from Redstone are the latest in a spat with Viacom which will likely affect the direction of the company after Redstone dies or becomes incapacitated.

Jun 16, 2016

Tesco shares: Leave on the shelf or worth a purchase?

Tesco has sold off more assets as the supermarket giant has continued to struggle in recent years.

Jun 15, 2016

LIC to invest in national infrastructure fund

The National Investment and Infrastructure Fund will be owned by the government and other partners in a 49:51 ratio.

Jun 15, 2016

State Bank of India to expand acceptance of American Express cards

The agreement covers both offline as well as online payment modes.

Jun 15, 2016

Ramadan brings more cheer to Pakistan, country's stock market index upgraded by MSCI

Pakistan's benchmark index KSE 100 rose 3 percent on Wednesday to hit a record high after inclusion in the MSCI's emerging market index.

Jun 15, 2016

New civil aviation policy: Shares of SpiceJet, Jet, InterGlobe spurt after Govt relaxes 5/20 rule

The 5 in the 5/20 rule has been done away with, while regional airfares will now be capped at Rs. 2,500 for one-hour flights.

Jun 15, 2016

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ChrysCapital, GIC together to acquire SBI's stake in NSE

The deal is said to be valued at Rs. 900 crore, Mint reported.

Jun 15, 2016

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