Business news

Serious Fraud Office to summon Vijay Mallya over alleged fund diversion at Kingfisher: Report

SFIO is expected to summon Vijay Mallya and executives of United Breweries and United Spirits.

Sep 15, 2015

Ola raises Rs 1,500 crore in fresh round of funding led by Falcon Edge

The funding is a part of the $500 million the taxi-hailing firm is aiming to raise, according to industry source

Sep 15, 2015

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BMW CEO Harald Krueger collapses at Frankfurt International Motor Show press conference

49-year-old chief fainted at his first appearance as head of the car giant.

Sep 15, 2015

HCL's Shiv Nadar, Sanjay Kalra to Launch Rs 3,316 Crore Fund to Acquire IT Firms in US, India

A fast changing Indian IT landscape has compelled other top players set aside some funds for acquisitions to remain competitive.

Sep 14, 2015

Sensex Soars 250 Points on RBI Rate Cut Hopes

While 29 out of 30 Sensex companies ended in green, metal index was the top gainer among sectoral indices.

Sep 14, 2015

Billionaire Cyrus Poonawalla Buys Iconic Lincoln House in Mumbai for Rs 750 crore

The property was put up for sale by the US government for a massive price of Rs 850 crore in 2011.

Sep 14, 2015

Tax Department Can Now Issue Refunds in Just 7-10 days

As of 7 September, the department's Central Processing Centre (CPC), located in Bengaluru, has paid refunds to over 22 lakh tax payers.

Sep 14, 2015

US Fed September Meeting: Rate Hike of 25bps a Positive for Indian Markets, Says BofA-ML

BofA-ML says India could benefit from a rate hike, given its relatively high GDP growth rate

Sep 12, 2015

Sensex to Reach 33,954 by Sep 2017, Supported by Developmental Politics, Low Inflation: CLSA

The firm said that government initiatives like 'Make in India' are "showing early signs of success."

Sep 12, 2015

Crude Oil Prices May Fall to $20 per Barrel: Goldman Sachs

The bank has cut its 2016 estimate for Brent crude to $49.50 a barrel from $62.

Sep 12, 2015

Sensex Ends Flat Ahead of US Fed Meeting Next Week, Gold Prices Rise Marginally

Sensex opened over 200 points higher in the morning session but could not sustain the gains, as traders booked profits.

Sep 11, 2015

Satyam scam: Raju's family members barred from trading shares

The illegal gains earned by Raju's sons are pegged at around about Rs.95 crore.

Sep 11, 2015

Saudi Aramco to Set up Office in India to Increase Crude Oil Sales: Report

Aramco has already set up such offices in Korea, Japan, China and Singapore.

Sep 11, 2015

Infosys Not Increasing Salaries for Freshers, But Will Pay More Stipend

TCS and Cognizant have decided to hike salaries for freshers by 10-12% after many years.

Sep 11, 2015

Market Wrap: Sensex Sheds 97 Points on Renewed Concerns over China; Gold Weak Ahead of Fed Meeting

In the opening session, the Sensex fell more than 400 points, touching an intra-day low of 25,288 points

Sep 10, 2015

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