Business news

LG Display Q1 net profit down almost 100 percent YoY, seen as a sign of challenging market conditions

LG Display's quarterly earnings this year are the lowest in the last four years.

Apr 27, 2016

Nandan Nilekani invests undisclosed amount in railway app RailYatri.in

RailYatri apps uses deep-analytics technology to make smart predictions about a train's arrival or delay, booking confirmation and other details.

Apr 27, 2016

JSPL to sell Chhattisgrah power plant to Sajjan Jindal's JSW Energy; shares rise

The JSPL- JSW Energy deal is reportedly valued at about Rs. 6,000 crore.

Apr 27, 2016

Amazon Prime offers best deal on iPhones

Apple's revenue drops for the first time since 2003; slump in iPhone sales responsible?

The company's share value dropped 8 percent within hours of the announcement of Apple's second quarter results.

Apr 27, 2016

Chipotle freebies fail to overcome food safety fears; shares fall

Shares of the Denver-based burrito chain fell almost 5 percent after the first quarter results.

Apr 27, 2016

AT&T to invest $10 billion for global economic service

AT&T loses TV subscribers; profit beats expectations

AT&T has been seeking new revenue sources in an over saturated wireless market.

Apr 27, 2016

Twitter stock plunges after revenue misses estimates

Twitter shares plunged 13.6 percent to $15.34 in late trade on Tuesday after reporting lower-than-expected revenue.

Apr 27, 2016

Axis Bank reports marginal fall in net profit for March quarter

The fall in Axis Bank's net profit was due to 64 percent rise in provisioning for bad loans.

Apr 26, 2016

Government rules out stake sale in Air India

In a written reply to Parliament, Minister of State for Civil Aviation Mahesh Sharma denied moves to sell stake in Air India, reports PTI.

Apr 26, 2016

SC rejects Mallya's NRI argument, directs to disclose all assets overseas

The businessman had previously cited an Income Tax Act provision that allows NRIs not to disclose their assets overseas.

Apr 26, 2016

Alibaba's Ant Financial raises $4.5B in biggest fundraising by a private internet company

The latest round of funding puts Ant Financial's valuation at around $60 billion, sources tell.

Apr 26, 2016

Sensex gains 328 points, closes above 26,000

Benchmark index Sensex gained more than one percent on a slew of positive news.

Apr 26, 2016

Set up committee to look into PSU banks' write-offs, SC asks govt

A public interest litigation highlighted huge differences in the write-offs reported by banks individually and the RBI.

Apr 26, 2016

The Plaza, New York, partly owned by the Sahara Group

Market regulator hires HDFC Realty and SBI Capital to sell Sahara's real-estate assets

The two companies have been assigned the task of selling 30 properties each of the Sahara Group, the Economic Times reports.

Apr 26, 2016

ABB India posts Q1 net profit of Rs. 71 crore

ABB India also reported highest quarterly revenue of Rs. 2,000 crore for the quarter ended March 2016.

Apr 26, 2016

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