Business news

Govt approves Rs. 5.6 lakh crore mega spectrum sale

The auctioning is the largest ever in the country, which is also the world's second largest telecommunication market.

Jun 22, 2016

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Brexit: India's market regulators, stock exchanges prop up surveillance to curtail excessive volatility

While the RBI said it maintained a "close vigil" on the referendum's outcome, stock exchanges tightened their vigilance mechanism to curtail any excessive volatility in the markets.

Jun 22, 2016

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Sensex falls ahead of Brexit vote

Tata Motors fell 2.5 percent on Brexit fears.

Jun 22, 2016

EU referendum: Brompton bike makers on how a Brexit vote would affect their business

IBTimes went behind the scenes of the folding bike manufacturer to hear their views on a potential Brexit.

Jun 22, 2016

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Vistara plans to commence international services by June 2018

Phee Teik Yeoh, CEO of Vistara, gave the tentative deadline in two separate interviews.

Jun 22, 2016

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Receding Brexit sentiments push gold prices to a two-week low: Report

Wednesday's fall in gold prices was the biggest in nearly a month, after the yellow metal had touched a two-year high last week.

Jun 22, 2016

SoftBank appoints telecom operations head Ken Miyauchi in place of Nikesh Arora

Nikesh Arora quit SoftBank as president and COO on Tuesday but will continue for a month in an advisory role.

Jun 22, 2016

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Rain in Brazil brings cheer to Indian coffee market; global prices at 13-month high

Coffee prices have risen globally in the wake of rain in world's largest producer, Brazil, boosting shares of Indian coffee firms.

Jun 22, 2016

India's 26 state-run banks to create 6 large lenders after merger

The move will set the stage for the government's ambitious plan of consolidating India's 26 public sector banks to six big lenders.

Jun 22, 2016

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SoftBank's Nikesh Arora and RBI's Raghuram Rajan have similar impact on stock markets

Shares of SoftBank Group rose on Wednesday, a day after Arora quit, just as the Sensex gained on Rajan's decision to exit RBI.

Jun 22, 2016

Bidders line up for McDonald's Hong Kong, China sale

Sources familiar with the sale told Reuters that the deal is worth $3 billion.

Jun 22, 2016

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India cigarette maker ITC's CEO Deveshwar to step down next year

ITC's board had "strongly urged" Deveshwar to continue as CEO, but he wanted the company to have a younger leader.

Jun 22, 2016

Vijay Mallya resigns as chairman of Bayer CropScience

Over the last four months, Mallya resigned from the boards of Sanofi India, United Spirits and was expelled from India's Rajya Sabha.

Jun 21, 2016

SoftBank's Nikesh Arora resigns a day after clean chit over conflict of interest charges

An in-house probe cleared Arora after a group of investor alleged his investments and him being an adviser at a private equity firm were at conflict.

Jun 21, 2016

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Brexit fears, not Rexit, spoil the party at Indian stock markets

After gaining 240 points on Monday despite Rexit, the Sensex lost 55 points on Tuesday on Brexit fears and profit-booking.

Jun 21, 2016

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