Business news

Flipkart valuation falls on markdown of share price by mutual fund trusts

The online seller's CEO said trusts as small investors with unclear markup values; wants people to wait till fresh round of funding.

May 27, 2016

State Bank of India q4 net profit loans advances npas rbi aqr

State Bank of India Q4 net profit plunges 66% on spike in bad loan provisioning

The 143 percent spike in provisioning for bad loans pulled State Bank of India's March quarter net profit to Rs. 1,264 crore.

May 27, 2016

IIM-A reaches out to Paytm after graduates left stranded by Flipkart

Firms such as Amazon, ShopClues have also expressed willingness to consider the resumes of students affected by Flipkart's decision.

May 27, 2016

Antibiotics, abortion pills and gastritis medicines become cheaper in India

The drug price regulator has cut the prices of 108 essential medicines over the last one month.

May 27, 2016

Asia stocks edge up after US data, dollar consolidates month's gains

Japan's Nikkei nudged up 0.4 percent, buoyed by prospects of Tokyo delaying a sales tax hike.

May 27, 2016

jet airways q4 annual results indian aviation dgca jet net profit sales atf

Jet Airways FY16 net profit soars on higher passenger volumes, low ATF prices

Net profit was Rs. 1,211.65 crore for FY2016, marking the first full year of profit after eight years for Jet Airways.

May 26, 2016

Top Gear: Should you invest in sports car makers?

With the return of BBCs Top Gear, IBTimes UK asks whether you should invest in any sports car makers

May 26, 2016

Sensex, Nifty rally on upbeat L&T earnings, Modi interview to WSJ

The Sensex gained 486 points, while the Nifty closed at 8,070 on a day that marked Modi government's two years in office.

May 26, 2016

Why Flipkart delayed joining dates of new campus hires from IIM-A, IITs

Flipkart's wavering has forced us "to rethink our strategy about this entire space," said a placement chairperson of one of the IITs.

May 26, 2016

biocon karnataka investment hlcc congress government in karnataka pepsico

Biocon, PepsiCo to set up manufacturing units in Karnataka

Both Biocon and PepsiCo will be investing about Rs. 1,650 crore in Karnataka for their new manufacturing plants.

May 26, 2016

India's Dr. Reddy's enters US' $44B OTC drugs market

Dr. Reddy's has acquired six OTC brands from a U.S. drugmaker

May 26, 2016

Brent oil pushes above $50 for first time in nearly 7 months

Brent LCOc1 had climbed 31 cents to $50.05 a barrel by 0225 GMT, its highest since November 4, 2015.

May 26, 2016

List of countries where Indians can travel without visa, get visa-on-arrival

Promoters of VRL Logistics planning to float new regional airline

Promoters will invest about Rs. 1,400 crore over three years to start the airline that would operate mainly in south India.

May 25, 2016

Oil prices push closer to $50, US crude hits highest in 7 months

U.S. crude futures had climbed 62 cents to $49.24 a barrel by 0249 GMT, after ending the previous session up 54 cents.

May 25, 2016

HP Enterprise to merge IT services unit with Computer Sciences

HPE is expected to have $33 billion in annual revenue after the spin off and will concentrate on its remaining enterprise group.

May 25, 2016

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