Business news

Earnings, US Fed meeting, F&O expiry to dictate markets' next move

Markets will also remain cautious going in the F&O expiry week with the US Fed scheduled to meet on 26 January.

Jan 23, 2016

BSE mulling IPO plans, again

The BSE has been making efforts since 2012 to get listed and recently invited investment banks to restart discussions on the IPO.

Jan 23, 2016

IT companies face 'big threat' from automation: Infosys CEO Vishal Sikka

However, Sikka added that the impact of automation on hiring may not be in absolute numbers.

Jan 23, 2016

JSW in talks to buy Lafarge's India business, confirms Sajjan Jindal

The deal could be crucial in enhancing JSW's cement production capacity.

Jan 23, 2016

Amazon, Walmart to infuse over Rs 2,000 crore in Indian operations

Amazon's investment will be its biggest so far in India.

Jan 23, 2016

Cairn India's Q3 profit tanks 99% on cheaper oil prices

Despite renegotiation with vendors and efforts to cut costs, Cairn's realisations at its Rajasthan fields fell sharply to $34.5 a barrel.

Jan 23, 2016

Hindi social networking site ShabdaNagari raises $200,000 in funding

ShabdaNagari will remain a non-subscription portal, according to its website, which claims to have 12,000 users.

Jan 23, 2016

Moody's slashes 2016 oil price forecast by $10 to $33 per barrel

Iranian oil will "offset or exceed" nearly 500,000 bpd fall in the US production in 2016, the global rating agency said.

Jan 23, 2016

Viacom cuts Redstone pay due to reduced responsibilities; CEO pay rises

Sumner Redstone, the 92-year-old's Executive Chairman's mental competency has been questioned.

Jan 23, 2016

Chinese Wanda Group to set up $10 billion industrial park in India

The company said the first phase of development of the industrial project, spread across 13 sq km, would begin this year.

Jan 22, 2016

ITC Q3 net profit remains flat, revenues up 3%

The company's Q3 FY2016 net profit was Rs 2,652 crore, up 0.67% from Rs 2,635 crore in Q3 FY2015.

Jan 22, 2016

SpiceJet Q3 reports highest quarterly net profit at Rs 238.40 crore on lower fuel costs

The company had reported a loss of Rs 275 crore in the corresponding quarter last fiscal.

Jan 22, 2016

PF deposits may fetch 9% interest this fiscal

However, the proposal to pay 9% interest needs to be approved by the Central Board of Trustees (CBT) before the Finance Ministry notifies it.

Jan 22, 2016

Interglobe shares plunge on weak Q2 numbers of IndiGo revealed while declaring Q3 results

The results for the seasonally-weak Q2 were disclosed along with Q3 results on Thursday.

Jan 22, 2016

Biocon posts 13% rise in profits to Rs 103 crore for December quarter

It also earned licensing income of Rs 32 crore from monetising its biosimilars portfolio in emerging markets.

Jan 22, 2016

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