Business news

Jaypee Infratech withdraws objections as NCLT admits insolvency proceedings

Various benches of NCLTs have so far admitted insolvency proceedings against 10 of the 12 identified companies, including Jaypee Infratech.

Aug 10, 2017

Pepsico bottler Varun Beverages improves profit margins; share price upgraded

For the quarter ended June 2017, Varun Beverages saw its operating margin expand and interest expenses shrink.

Aug 10, 2017

Freecharge staff may approach PMO to halt sale to Axis Bank; did they prefer the Flipkart deal?

The current and former employees of Freecharge are planning to get in touch with the Prime Minister's Office to halt the sale of the brand to Axis Bank, which acquired the firm for Rs 385 crore.

Aug 10, 2017

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New India Assurance IPO may see valuation of Rs 70,000 crore: Report

State-owned New India Assurance is one of the five general insurers identified for listing this financial year.

Aug 10, 2017

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Tata Motors crashes on BSE over weak June quarter results

The share price of automobile maker Tata Motors tumbles almost seven percent on Thursday morning trade.

Aug 10, 2017

SEBI to link Aadhaar to financial market transactions

SEBI and the government are in talks to link Aadhaar to the financial market transactions, in a bid, to fight corruption and trim stock market misconducts.

Aug 10, 2017

Building the road ahead: Tata Motors Q1 profit rises 42% to Rs 3,182 cr

In the domestic market, there has been a significant de-growth in the medium and heavy commercial vehicles segment and flat light commercial segment while the passenger vehicles segment registered moderate growth.

Aug 9, 2017

Maharatna loses sheen: BHEL obsolete and inefficient, says CAG report

BHEL, which has more than 75 percent business coming from the power sector, suffered due to the slowdown in the business in power sector.

Aug 9, 2017

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Pharma stocks led by Sun, Aurobindo drag Sensex, Nifty

Sun Pharma subsidiary Taro's weak June quarter performance led to a sharp decline in many pharma stocks on Wednesday.

Aug 9, 2017

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Online travel booking to get expensive under GST

The Central Board of Excise and Customs has categorised an e-commerce operator as someone who works for or manages the electronic platform for e-commerce, and is allowed to collect 1 percent of the net value of taxable supplies made through it.

Aug 9, 2017

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Airtel gets Rs 2,570 crore from Bharti Infratel stake sale

The deal is aimed at strengthening the telco's cash reserves for investment in infrastructure.

Aug 9, 2017

J Kumar Infra branded shell company despite bagging Delhi, Mumbai metro projects

The Sebi list of 331 suspected shell companies includes J Kumar Infraprojects, a company that is executing various Delhi, Mumbai metro projects.

Aug 9, 2017

Domino's Pizza to get a boost as Jubilant FoodWorks set to pump in Rs 100 crore

Jubilant FoodWorks will pump in Rs 100 crore in Domino's Pizza to refresh products and packaging this year marking its biggest upgrade in Domino's India so far.

Aug 9, 2017