Business news

Iran asks Indian refiners to pay $6 billion dues in euros: Report

A PTI report said Iran will open or reactivate its accounts with Indian banks for the purpose.

Feb 8, 2016

Infosys using new system iCount to assess employee performance

Infosys employees will get feedback on their performance throughout the year under the new tool.

Feb 8, 2016

Paytm lets you buy milk and vegetables using your debit/credit cards

Paytm plans to hire 3,000 people for its payments bank business

The company has a starting budget of Rs 400 crore.

Feb 8, 2016

US FDA suggests ban on blood samples collection from Zika affected areas

Top private equity firms in line to buy out stakes in Bharat Biotech: Report

The company, which announced a breakthrough in developing Zika vaccine, is likely to be valued at Rs 4,070 crore.

Feb 8, 2016

Private telcos may get revenue boost of Rs 1.5 lakh crore from BharatNet by 2020

However, the operators are wary of major challenges over the right of way (RoW) to instal cables.

Feb 8, 2016

Cognizant plans to set up SEZ in Telangana

The proposed IT/ITeS special economic zone, which will be spread over 2.51 hectares, will come up in Ranga Reddy district of Telangana.

Feb 8, 2016

Volkswagen to offer generous compensation to US customers: Fund head

Volkswagen has still not decided whether vehicle owners will be offered cash, car buy-backs, repairs or replacement cars.

Feb 8, 2016

Investors cheer Argentina's swift offer to holdouts

Argentina on Friday proposed a $6.5 billion payment to settle a legal battle.

Feb 7, 2016

Jet Airways Q3 net profit soars on lower fuel costs, higher passenger traffic

The company's net profit was Rs 467.11 crore, as against Rs 63.11 crore in the corresponding quarter last fiscal.

Feb 6, 2016

Eicher Motors Q4 net profit rises on higher sales of Royal Enfield, better margins

The company sold 125,690 units of Royal Enfield in Q4, 2015, 52 percent more than 82,215 units sold in Q4, 2014.

Feb 6, 2016

Gold prices soar to 9-month high on strong buying

Gold prices have gained more than 10 percent since the beginning of the year.

Feb 6, 2016

Inflow into equity MFs touched 20-month low in January

The negative sentiment that prevailed in January had hit retail investors hard.

Feb 6, 2016

Budget 2016: MPs want income tax exemption limit for individuals to be raised to Rs 4 lakh

The suggestion was made at the first meeting of the consultative committee attached to the union finance ministry on Friday.

Feb 6, 2016

Govt to create $1.25 billion fund to finance renewable energy projects

A Mint report said the fund will assist in ramping up clean energy generation to 175GW by 2022.

Feb 6, 2016

Vijaya Bank Q3 net profit rises sharply on higher net interest income

The state-run bank's net interest income rose 33 percent, enabling it to post 41 percent increase in net profit.

Feb 6, 2016

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