Business news

Crude prices dip as global glut outweighs Kuwait oil strike

Kuwait's oil output has dropped to 1.1 million barrels per day (bpd) from 2.8 million bpd due to the worker strike.

Apr 19, 2016

TCS Q4 net profit rises 64.4%, revenues up 17.5%; treats $940 million fine as 'contingent liability'

Mumbai-based TCS reported net profit of Rs. 6,341 crore and revenues of Rs. 28,449 crore for the March 2016 quarter.

Apr 18, 2016

Vijay Mallya issued non-bailable warrant by a Mumbai court

The Enforcement Directorate had sought action against his repeated nonappearance in a money laundering case.

Apr 18, 2016

Infosys leads Sensex rally; Nifty closes above 7,900

Bengaluru-based Infosys spurted more than 8 percent on Monday in response to its upbeat fourth quarter results declared on Friday.

Apr 18, 2016

SEBI mulling rules to clamp down on rating agencies

The proposed SEBI measures would need credit rating agencies to publicly disclose the criteria they adopt to rate securities.

Apr 18, 2016

IPL chairman Rajeev Shukla being probed by ED: Report

Indian Premier League chairman Rajeev Shukla is believed to be under investigation for alleged money-laundering, the Statesman reported.

Apr 18, 2016

India's wholesale prices fall for 17th straight month in March

Wholesale fuel prices dropped 8.30 percent from a year ago in March.

Apr 18, 2016

Airports Authority of India expects all-time high revenues of Rs. 10,000 crore for FY16

An estimated eight percent growth in the revenues figure has been due to a jump in passenger traffic and aircraft movement.

Apr 18, 2016

Japan quake rattles markets as factories shut; survivors queue for food

Factories for major manufacturers including Toyota, Sony and Honda were closed, causing supply chain disruptions around the country.

Apr 18, 2016

Oil prices tumble 5 percent after producers fail to coordinate output

International benchmark Brent crude futures were trading at $40.86 per barrel at 0029 GMT, down 5.2 percent since their last settlement.

Apr 18, 2016

GAIL to deploy drones to monitor gas pipelines

Presently, GAIL uses satellite technology and Helicopter surveys to conduct surveillance on its 13,000-km of gas pipeline.

Apr 17, 2016

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Gold, silver prices rise on wedding-related purchases, global cues

Gold prices rose by Rs. 180 per 10 gm, while silver gained modestly to close at Rs. 38,700 per kg.

Apr 17, 2016

Draft Doha agreement would freeze output until October

The freeze would last until October 1 as producers want to meet again in October in Russia to review their progress.

Apr 17, 2016

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Market cap of Sensex companies rises by $10 billion

The three-day truncated week of trading closed on a buoyant note due to positive macroeconomic data and positive monsoon forecast.

Apr 17, 2016

Neyveli Lignite Corporation is now NLC India Limited

Neyveli Lignite Corporation sought approval to change its name in view of its changing profile and geographical expansion.

Apr 16, 2016

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Business news

Crude prices dip as global glut outweighs Kuwait oil strike

TCS Q4 net profit rises 64.4%, revenues up 17.5%; treats $940 million fine as 'contingent liability'

Vijay Mallya issued non-bailable warrant by a Mumbai court

Infosys leads Sensex rally; Nifty closes above 7,900

SEBI mulling rules to clamp down on rating agencies

IPL chairman Rajeev Shukla being probed by ED: Report

India's wholesale prices fall for 17th straight month in March

Airports Authority of India expects all-time high revenues of Rs. 10,000 crore for FY16

Japan quake rattles markets as factories shut; survivors queue for food

Oil prices tumble 5 percent after producers fail to coordinate output

GAIL to deploy drones to monitor gas pipelines

Gold, silver prices rise on wedding-related purchases, global cues

Draft Doha agreement would freeze output until October

Market cap of Sensex companies rises by $10 billion

Neyveli Lignite Corporation is now NLC India Limited

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