Business news

Punj Lloyd wins pipeline orders worth Rs 2,070 crore from Oman

The scope of work for the company includes construction of a 300-km natural gas liquid pipeline and a 301-km gas pipeline.

Feb 16, 2016

People line up outside an ATM at a State Bank of India branch in Mumbai

SBI warns of further rise in bad loans in March quarter

SBI reported a 62% drop in its net profit for the December quarter due to higher provisioning for bad loans.

Feb 16, 2016

Air India planning to fly Dreamliner on high-traffic domestic routes

Passenger traffic on domestic routes in India rose 20.2 percent last year, showed IATA data.

Feb 16, 2016

UB Holdings plunges over 10% after PNB declares it 'wilful defaulter'

The company reportedly owes about Rs 6,300 crore to Indian lenders, including Rs 800 crore to Punjab National Bank.

Feb 16, 2016

Gold falls below $1,200 an ounce on rebound in stocks, crude prices

A rally in global equities and crude oil prices has reduced the demand for the yellow metal among safe-haven seeking investors.

Feb 16, 2016

Vodafone may face seizure of assets for failure to pay Rs 14,200 crore tax

The notice may again drag the Modi government into the retrospective tax controversy.

Feb 16, 2016

Amway's India investments to cross Rs 1,000 crore by 2020

The company's president, Doug DeVos, told the Economic Times that the Indian market's "potential is very dramatic."

Feb 16, 2016

Snapdeal fined for misleading customers with iPhone 5s offer

Snapdeal market value touches $6.5 billion after fresh fundraising of $200 million

The investment is led by Canada's Ontario Teachers' Pension Plan, Reuters reports.

Feb 16, 2016

Toshiba plans $3.2B investment in new Japan chip facility

Toshiba says it is not considering ending PC production

The Sankei newspaper said Toshiba, Fujitsu Ltd and VAIO are in talks to merge their PC businesses.

Feb 16, 2016

Budget Session likely to be stormy

A string of political developments and weak macroeconomic data ahead of the Budget Session pose a challenge to the government.

Feb 15, 2016

Stock markets stage biggest single-day gain in a year

Both the Sensex and the Nifty gained about 2.5 percent on positive global cues.

Feb 15, 2016

Biocon gets first Generic Formulation approval for cholestrol drug in EU

Biocon's EU approval for Rosuvastatin calcium tablets opens up $1.2 billion market.

Feb 15, 2016

AirAsia India CEO not quitting, says Tony Fernandes

Earlier, it was reported that Mittu Chandilya was planning on leaving the airline after his contract with AirAsia India ended in March 2016.

Feb 15, 2016

HSBC keeps headquarters in London, rejects move to Hong Kong

The decision comes at the end of a tumultuous week for European banks, whose shares have tumbled on fears of a global economic slowdown.

Feb 15, 2016

Modi urged to make reality match 'Make in India' hype

Even as the "Make in India" hype scales new heights, some marketing experts have cautioned against creating unrealistic expectations.

Feb 15, 2016

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