Business news

Market cap of TCS, Infosys, RIL, ONGC, ITC up by Rs 37,000 crore

A rally in stock markets during the week ended March 18 saw the market capitalisation of select Sensex stocks rise sharply.

Mar 20, 2016

SEBI asks mutual funds to disclose commission, remuneration and compensation

The Securities Exchange Board of India's circular stipulates disclosure of emolument details from April, commission in October and consolidated statement twice a year.

Mar 19, 2016

Govt to strengthen gold monetisation scheme, rich Hindu temples to contribute

This scheme managed to collect 3 tonnes of gold against the targeted 20,000 tonnes lying idle without traded or monetised.

Mar 19, 2016

China's Alibaba may go solo in India's e-marketplace: Report

Alibaba could come as a standalone e-marketplace or partner with another company and could also consider organic growth as an option, the Business Standard reported.

Mar 19, 2016

Crude prices fall from 2016 highs as U.S. oil rig count rises

Brent crude LCOc1 finished down 34 cents, or 0.8 percent, at $41.20 a barrel, having risen $1 earlier to a 2016 high of $42.54.

Mar 19, 2016

Six months into 'Dieselgate' scandal, gloom deepens in Volkswagen's hometown

People in Wolfsburg are also worried about VW's failure to agree with U.S. authorities on how to fix rigged U.S. cars.

Mar 19, 2016

Sovereign gold bond scheme fetched govt just Rs 1,400 cr against Rs 15,000 cr targeted

These schemes were launched to discourage citizens from hoarding physical gold.

Mar 18, 2016

Bombay Stock Exchange BSE indian stock markets equitas holdings small bank

TCS, GAIL lift Sensex to 2-month high; Nifty closes above 7,600

Benchmark indices Sensex and Nifty closed with gains of over one percent each Friday.

Mar 18, 2016

Shares of Eros International Media flare up on BSE

Eros International, distributor of hit Hindi film "Bajirao Mastani," was trading with gains of almost 12 percent.

Mar 18, 2016

TransCanada to buy Columbia Pipeline Group for $10.2 billion

TransCanada will offer $25.50 per share in cash for each Columbia Pipeline share, an 8.5 percent premium to the stock's Thursday close.

Mar 18, 2016

JPMorgan increases stock buyback program by up to $1.88 billion

The bank has got a non-objection from the board of governors of the Federal Reserve System to increase the amount for the share repurchase.

Mar 18, 2016

Blackstone nears deal to buy HP Enterprise stake in India's Mphasis: Reuters sources

HPE owns roughly 60.5 percent stake in MphasiS, and the U.S.-based parent had been looking to exit from the Indian venture to shore up its capital.

Mar 18, 2016

IFC issues $30 million in 15-year Masala bonds

Proceeds of the bonds will be used to advance private sector development in India.

Mar 17, 2016

'Kapoor and Sons': Will Fox Star Studios make money at the box office?

"Kapoor and Sons" has been produced by Karan Johar's Dharma Productions and stars Alia Bhatt, Sidharth Malhotra and Fawad Khan.

Mar 17, 2016

Nike unveils HyperAdapt 1.0 self-lacing shoe

Sportswear firm Nike launched a series of new products including self-lacing shoes, transparent air-filled soles and soccer cleats made from a polymer that prevents mud from sticking to the sole at a glitzy event in New York on 16 March.

Mar 17, 2016

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