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Arvind Ltd sells 10% stake in brand business arm for Rs 740 crore

Divesting the stake would help the company reduce its debt to Rs 2,460 crore from Rs 3,200 crore. Oct 26, 2016
diwali picks stocks shares prices muhurat trading samvat 2073 trading special bse nse sensex nifty angel broking diwali happy 2016 puja pooja festival good tidings

Samvat 2073: Top picks by Angel Broking, Kotak, Geojit BNP Paribas this Diwali

Samvat 2073 commences on October 30 with the exchanges holding "muhurat trading" or special session, on BSE, NSE. Oct 26, 2016
Apple sales

Apple's holiday surprise: Big sales, not so big profits

Apple Inc said improved sales from China were around the corner, despite revenue falling almost 30 percent. Oct 26, 2016
airtel q2 reliance jio mobile 4g services launch gb plan share price idea cellular

Bharti Airtel admits to Reliance Jio effect on Q2 results

An Airtel executive attributes slow revenue growth to "free services by a new operator," an indirect reference to Reliance Jio. Oct 26, 2016
Cyrus Mistry Tata Group

Cyrus Mistry says his removal as Tata Group chairman was 'unprecedented'; speculations rife about more exits

In an email sent to board members, Mistry says he "was not given a chance to defend" himself. Oct 26, 2016
Axis Bank Limited

Axis Bank stock dives 7% on disappointing Q2 results

The bank reported 83 percent fall in its net profit to Rs 319 crore for the September quarter. Oct 26, 2016
Flipkart

Flipkart CFO Baweja quits as exodus at the top continues

Since the top management rejig in January this year, exits in the top echelons of Flipkart have become common Oct 26, 2016
tata sons ratan tata cyrus mistry removal reasons trusts withdrawal from crps shares investment differences with  over

New Tata directors: Jaguar Land Rover CEO Ralf Speth and TCS chief N Chandrasekaran appointed Additional Directors on Tata Sons Board

Outgoing chairman of Tata Group, Cyrus Mistry continues on the board of Tata Sons, but has been re-designated as 'non-executive director' Oct 25, 2016
Man jailed for smashing his truck into traffic because he was on his mobile

Man jailed for smashing his truck into traffic because he was on his mobile

Razvan Rusu was sentenced to eight months in prison for dangerous driving at Harrow Crown Court for using his mobile whilst driving his HGV lorry. Rusu had used his phone for 2km (1.2 miles) before the crash damaging three cars and injuring two drivers. Rusu pleaded guilty. Oct 25, 2016
tata group steel cyrus mistry ratan tata share price motors voltas rumours cases legal battle coup corporate developments

Tata Group files caveats against ousted Tata Sons chairman Cyrus Mistry

It is being seen as a move to prevent ousted Tata Sons chairman Cyrus Mistry from getting ex-parte order against his removal. Oct 25, 2016
‘Muzzled’ Boris Johnson should quit cabinet over Heathrow approval says Green leader

‘Muzzled’ Boris Johnson should quit cabinet over Heathrow approval says Green leader

Green Pary co-leader Jonathan Bartley has called for Foreign Secretary Boris Johnson to stand down after the government approved plans expand Heathrow Airport. Conservative MP for Richmond Park Zac Goldsmith is due to resign from his seat in protest of the plans for a new runway. Oct 25, 2016
Air India passenger plane, air india pilot

Air India to launch new flights to Washington, Stockholm, Tel Aviv and Africa

The airline is yet to give time schedule for when the flights will be launched. Oct 25, 2016
Gopalpur port, which was hit by two cyclones in 2013-14, has commenced normal operations in December last year.

Adani Ports Q2 net profit up 61% on healthy cargo volumes; shares gain 11% on BSE

Adani Ports reports a net profit of Rs 1,061 crore during the quarter, while revenues were up 21 percent to Rs 2,183 crore. Oct 25, 2016
tata sons ratan tata cyrus mistry removal reasons trusts withdrawal from crps shares investment differences with  over

Ratan Tata-controlled trusts prematurely withdrew investments from Tata Sons: Report

The investments (CRPS) valued at about Rs 4,000 crore belonged to Jamsetji Tata Trust and Navajbhai Ratan Tata Trust. Oct 25, 2016
HDFC Bank

HDFC Bank Q2 net profit rises 20% to Rs 3,455 crore on higher NII

The lender's asset quality remained stable during the quarter with net NPAs down 0.3 percent to Rs 1,489 crore. Oct 25, 2016
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