Business news

Patanjali's biggest production unit to come up in Assam; will create over 5000 jobs

The proposed unit would have the capacity to roll out 1 million products every year.

Nov 6, 2016

Harley-Davidson to offer financial services in India

The company's Indian arm is in final rounds of negotiations with bankers and will launch the services in next few days.

Nov 6, 2016

bcg vaccine tb polio disease GreenSignal Bio Pharma BCG vaccine ipo public issue GSBPL

GreenSignal Bio Pharma IPO: Price band, issue date and other details

GreenSignal Bio Pharma is a vaccine making company promoted by P Sundaraparipooranan, P Murali and Mallika Murali.

Nov 5, 2016

budget 2017 and stock markets, union budget 2017, stock markets live updates, arun jaitley, sensex live update, nifty live update

PNB Housing Finance shares to list on November 7

The Rs 3,000 crore-IPO of PNB Housing Finance was oversubscribed 30 times.

Nov 5, 2016

jack ma alibaba malaysia advisor adviser malaysia digital marketing e commerce india china hong kong

Alibaba Group founder Jack Ma is digital economy adviser to Malaysian govt

The appointment of Jack Ma, who is also executive chairman of Alibaba Group, was made by Malaysian PM Najib Razak.

Nov 5, 2016

gold smuggling seized seizure dri bengaluru prices yellow metal price difference india modi govt airport delhi mumbai customs

Gold hidden under seat of a Jet Airways Abu Dhabi-Bengaluru flight seized

A 50-year-old man tried to smuggle 45 bars of gold worth Rs 1.65 crore by hiding them under his seat on a Jet Airways flight.

Nov 5, 2016

airasia india cyrus mistry fraud tony chandilya mittu ceo fraud tata group ratan tata controversy rs 22 crore civil aviation business stake malaysia

AirAsia India episode reminiscent of Nira Radia tapes

Alleged payments made for arranging meetings between politicians and AirAsia India executives remind people of Nira Radia tapes involving Tatas, among others.

Nov 5, 2016

marks & spencer shuts shop uk stores overseas profit revenues retailer shopping clothes other products accessories perfume cosmetics garments food clothing

Marks & Spencer plans to shut stores in Britain, France and China

Falling business is probably the reason behind British retailer Marks & Spencer's move, suggest analysts.

Nov 5, 2016

tata group bombay house ratan tata cyrus mistry removal tata sons companies market cap going by tcs tata motors steel voltas london europe speculation successor

Tata Sons announces organisational restructuring post Cyrus Mistry's exit

The company appointed S Padmanabhan, to oversee the group's HR responsibilities.

Nov 4, 2016

Oil set for sixth straight day of declines

Analysts said markets were also weighed down by traders pulling out money from futures ahead of the US presidential elections.

Nov 4, 2016

Ambuja Cement stock gains on September quarter results

Ambuja Cement's consolidated net profit for the July-September quarter stood at Rs 216.11 crore.

Nov 4, 2016

Greater Noida: Godrej Properties sells villas worth Rs 300 crore in single day

The company's Crest project is its first real estate venture in the Noida and Greater Noida market.

Nov 4, 2016

Asian shares slip, dollar nurses losses as US election looms

Investors have been unnerved in recent days by signs that the presidential race may be tightened.

Nov 4, 2016

We know smoking causes cancer. But do you know why?

Scientists have for the first time shown the specific mutations that make smoking cause cancer. By analysing the genomes of 5,243 tumours, an international team of researchers identified mutations associated with tobacco smoke , cancers showed signature characteristics if the tissue involved had been exposed to smoke.

Nov 3, 2016

Bank of England predicts rising inflation and real income slow down

Mark Carney, Governor of the Bank Of England, announced that it expects inflation to hit 2.75% by the end of 2018, as well as food, energy and clothes prices rising even faster with wages not keeping up. For now interest rates remain the same but post-Brexit growth will be faster this year than the Bank previously predicted.

Nov 3, 2016