Business news

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Stocks in focus: ICICI Bank, Axis Bank, Wipro, ITC, RIL; muhurat trading on October 30

Wipro, Axis Bank, Airtel, RIL, Essar and ICICI Bank witnessed major developments; muhurat trading is on October 30.

Oct 23, 2016

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Essar repays loans to ICICI Bank, Axis Bank, Standard Chartered Bank

While, ICICI Bank and Axis Bank together got about $450 million, Standard Chartered Bank was paid $2.1 billion.

Oct 23, 2016

Timeline of decades of industry deals preceding AT&T's acquisition of Time Warner

A condensed history of the race to reach as many users — and advertisers — with as much content as possible involved many transformations before.

Oct 23, 2016

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GMR Group's Delhi International Airport raises $522 million in debt

The money raised by DIAL will be utilised to refinance current rupee debt, according to GMR Group.

Oct 23, 2016

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British American Tobacco in $47 billion bid to create world's largest tobacco company

BAT is offering $56.50 per share to Reynolds's investors, enabling it to increase its stake from the current 42.2 percent to 100 percent.

Oct 23, 2016

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AT&T acquires Time Warner for $85 billion; Jeff Bewkes calls it 'natural fit'

AT&T will acquire Time Warner in a stock-and-cash transaction valued at $107.50 per share.

Oct 23, 2016

Evening wrap: Jayalalithaa 'progressing well', Rs 2,000 note soon, Baahubali 2 first look out and more

Read about TRAI fine on Airtel, Vodafone and Idea, and possible solution to the Bermuda Triangle mystery.

Oct 22, 2016

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SpiceJet shares spurt 229% since Ajay Singh took over in January 2015

Low-cost carrier SpiceJet posts PLF of over 90 per cent for 17th month in September, even as share price gains sharply.

Oct 22, 2016

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Sovereign Gold Bond Scheme: RBI offers 'Diwali' discount, cuts interest in sixth tranche

The price per gram of gold is Rs 2,957 after discount while the interest rate has been reduced to 2.50 percent from 2.75 percent.

Oct 22, 2016

Bharti Airtel, Vodafone, Idea Cellular face Rs 3,050 crore penalty over Reliance Jio interconnection row

Telecom regulator TRAI recommends fine on the operators for denying Reliance Jio enough interconnection points.

Oct 22, 2016

PC pioneer IBM claims Macs are way better than Windows-run machines

IBM claims that it saves $535 per Apple Mac machine over four years.

Oct 22, 2016

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PNB Housing IPO: Details of Rs 3,000 crore public issue that opens on Tuesday

The price band for the initial public offering (IPO) of PNB Housing Finance is Rs 750-775 per Rs 10 equity share.

Oct 22, 2016

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Wipro ADRs fall 1.41% on NYSE over weak Q2 results, Q3 guidance

The Q3 guidance is flat at $1,1916-1,955 million, while Q2 net profit fell 7.6% YoY to Rs 2,070 crore, leading to ADR losing on NYSE.

Oct 22, 2016

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Wipro reports 7.6% fall in Q2 net profit, misses IT revenue guidance; Q3 outlook at $1,916-1,955 million

Net profit came in at Rs 2,070 crore; total revenues increased 10.5 percent; Q3 IT revenue guidance is muted, says Wipro.

Oct 21, 2016

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Reliance Jio to gain less than 2% revenue market share in 2017: Fitch

Vodafone India, Idea Cellular and Rcom/Aircel will gain market share but Reliance Jio will largely be a disruptor, says Fitch.

Oct 21, 2016

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Business news

Stocks in focus: ICICI Bank, Axis Bank, Wipro, ITC, RIL; muhurat trading on October 30

Essar repays loans to ICICI Bank, Axis Bank, Standard Chartered Bank

Timeline of decades of industry deals preceding AT&T's acquisition of Time Warner

GMR Group's Delhi International Airport raises $522 million in debt

British American Tobacco in $47 billion bid to create world's largest tobacco company

AT&T acquires Time Warner for $85 billion; Jeff Bewkes calls it 'natural fit'

Evening wrap: Jayalalithaa 'progressing well', Rs 2,000 note soon, Baahubali 2 first look out and more

SpiceJet shares spurt 229% since Ajay Singh took over in January 2015

Sovereign Gold Bond Scheme: RBI offers 'Diwali' discount, cuts interest in sixth tranche

Bharti Airtel, Vodafone, Idea Cellular face Rs 3,050 crore penalty over Reliance Jio interconnection row

PC pioneer IBM claims Macs are way better than Windows-run machines

PNB Housing IPO: Details of Rs 3,000 crore public issue that opens on Tuesday

Wipro ADRs fall 1.41% on NYSE over weak Q2 results, Q3 guidance

Wipro reports 7.6% fall in Q2 net profit, misses IT revenue guidance; Q3 outlook at $1,916-1,955 million

Reliance Jio to gain less than 2% revenue market share in 2017: Fitch

After offering to quit, Rajasthan Sports Minister now takes U-turn

Harrison Ford-starrer "Indiana Jones 5" to release on June 30 next year

"Always wanted to be porn star": Shah Rukh Khan [Throwback]