Business news

Good response to Indigo IPO offer; subscribed by 80.5% on Day 1

Very weak pick up seen in the non-institutional investors segment.

Oct 27, 2015

Tesla CEO Elon Musk hints at opening Gigafactory in India

Modi government aims to generate 100 GigaWatt of solar power in the country by 2022.

Oct 27, 2015

Sensex extends losses ahead of Fed meeting

Lupin shares plunged by over 5% after the company reported a 35% drop in net profit.

Oct 27, 2015

Attacks on India's beef industry hit buffalo meat industry and trade

India is the world's biggest buffalo meat exporter; April-September shipments fell 13.2 percent.

Oct 27, 2015

Diwali Sale: SpiceJet offers over 3 lakh seats for fares starting at Rs 749

Booking tickets through its mobile app will fetch 3% additional discount.

Oct 27, 2015

Eros tries to reassure investors after shares slump

Eros enjoyed a hit this year with "Bajrangi Bhaijaan" that has earned Rs. 3.15 billion ($48.50 million) so far.

Oct 27, 2015

JP Morgan set to launch rival to Apple Pay

The move would allow consumers to stop pulling out credit cards out of their wallets and start paying using their smart phones.

Oct 27, 2015

DoD wants govt to halve disinvestment target to Rs 30,000 crore: Report

So far this year, the government has raised Rs 12,600 crore by selling its stake in four PSUs.

Oct 27, 2015

Crude oil prices fall further on oversupply concerns

Oil prices could get support from short covering if investors think the Fed will take a dovish view.

Oct 27, 2015

AP govt cuts tax on cheap liquor to raise income by Rs 2000 crores

The state will increase its income by Rs 2,000-3,000 crore this year.

Oct 26, 2015

Play

China: Revotek releases worlds first 3D blood vessel bio-printer

The Chinese company Revotek released the worlds first 3D blood vessel bio-printer on Sunday (25 October). With two nozzles working alternatively, the bio-printer can finish a 10cm blood vessel within two minutes.

Oct 26, 2015

United Phosphorous Ltd Q2 net profit rises by 59%

The company posted a net profit of Rs.320.91 crore for the quarter ended 30 September.

Oct 26, 2015

Sensex ends 108 points lower on profit-booking

An interest rate cut by Chinese authorities failed to boost market sentiments.

Oct 26, 2015

BSNL, MTNL in talks with private players for spectrum sharing: Report

Sharing spectrum with the two government-owned telcos is expected to assist private operators to address rising call drop issues.

Oct 26, 2015

Investments in oil poised to decline further, says IEA director

Global oil demand growth will drop from 1.8 mb/d in 2015 to 1.2 mb/d in 2016.

Oct 26, 2015

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