Business news

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Tata Steel, Hindalco, Vedanta gain despite Sensex, Nifty trading with losses

Tata Steel shares flared up on the bourses in response to strong June quarter (Q1) numbers and Hindalco arm Novelis reported upbeat Q1 data.

Aug 8, 2017

Surging steel demand boosts Tata Steel Q1 profit

Tata Steel's revenue rose 19.3 percent to Rs 30,973.3 crore from a year earlier helped by a robust demand for steel both at home and abroad.

Aug 8, 2017

General Insurance Corp files for IPO, may raise over $1 bn

Will issue 124.7 mn shares comprising 14.22 percent of capital.

Aug 7, 2017

IndiGo plans 85 flights a day on routes less travelled

Simultaneously, the airline plans to deploy ATR-72 planes on some routes that are mostly in north-eastern states and currently served by the Airbus A320.

Aug 7, 2017

Wind-ing up: Projects worth 3,000-Mw up for sale as wind power sops dry up

More trouble ahead for sector as state governments want to renegotiate existing power purchase agreements and lower tariffs.

Aug 7, 2017

Vijay Mallya's exit uncorks new salary highs at United Spirits

USL has more crorepati employees than Infosys and most FMCG biggies

Aug 7, 2017

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How Reliance is making use of startups to expand business

GenNext Hub runs two programmes — Scalerator for product-market fit for startups looking to scale up and Accelerator for concept-stage or product-ready startups looking for a market.

Aug 7, 2017

Samsung chief Jay Y Lee arrives in court for closing arguments in bribery trial

Samsung Electronics Vice Chairman Jay Y Lee arrived at Seoul District Court on 7 August for closing arguments in his bribery trial. Lee, 49, has been in detention since February, and on trial for charges including bribery and embezzlement as part of a scandal that led to Parks ouster. Lee has denied wrongdoing.

Aug 7, 2017

Bad loans meet: Lenders to discuss future of defaulters identified by RBI

Most of the debt is unsustainable and so high that these companies won't be able to repay it in next 25-30 years.

Aug 7, 2017

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Air ticket deals: Raining monsoon offers boost tourism in India

Big discounts and offers from airlines on travel portals have increased bookings. Hotel bookings on Yatra.com have surged more than 300 percent.

Aug 7, 2017

12 state-owned banks eyeing funds from markets

The remaining would raise funds through follow-on-public offer (FPO) or qualified institutional placement (QIP) from the market during course of the next fiscal.

Aug 6, 2017

Hard cash: Tata Steel MD takes home Rs 8.17 crore in fiscal 2017

Average percentage increase of salaries at Tata Steel, excluding top managerial cadre, was 6.60 per cent in 2016-17.

Aug 6, 2017

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GST Council: E-way bill provisions finalised, relief for textile works, tractor parts

The council also approved setting up anti-profiteering committees in all states and the Centre in the next 15 days to ensure that industries pass on the benefits of input tax credit to customers.

Aug 6, 2017