Business news

Coffee Day, Indigo to push IPO market activity to 4-year high

In contrast, only 6 IPOs were launched last year to raise just Rs 1,261 crore.

Oct 12, 2015

Infosys shares plunge after company cuts dollar revenue guidance

In a surprise move, the company's chief financial officer Rajiv Bansal announced his resignation.

Oct 12, 2015

CSC group gives $400 mn for India-born angel investor to drive US start-ups

Naval Ravikant's AngelList is getting $400 million from China's CSC Venture Capital.

Oct 12, 2015

Infosys posts 9.8% growth in net profit in Q2

Infosys Ltd on Monday reported net profit of Rs.3,398 crore for second quarter (July-September).

Oct 12, 2015

Oil edges up on lower U.S. rig count, weaker dollar

Since hitting an all-time high of 1,609 during this week a year ago, weekly rig count reductions have averaged 20.

Oct 12, 2015

Gold near 7-week high as traders see delay in US rate hike

Weakness in the dollar also helped support gold.

Oct 12, 2015

Bad loans to Kingfisher Airlines: CBI raids on Vijay Mallya's offices, residences

The raids were conducted at five places, officials said.

Oct 10, 2015

Paytm will now deliver products in just two hours

Initially, the company plans to deliver mobiles through the new programme.

Oct 10, 2015

Accenture plans to offer 1 lakh jobs in FY16, invest $1 billion on acquisitions

Accenture's headcount in digital space has now increased to 36,000 people, said its CEO Pierre Nanterme.

Oct 10, 2015

Sensex rebounds 233 points on US Fed rate hike delay

Infosys shares rose 3.1% to end at Rs 1,167 ahead of the company's second quarter results announcement on 12 October.

Oct 9, 2015

All eyes on Infosys Q2 results after company declared robust earnings in June quarter

Analysts expect Infosys to maintain its guidance of 10-12% growth in constant currency terms.

Oct 9, 2015

Supreme Court to impose environment cess on commercial vehicles entering Delhi

Environment compensatory charge (ECC) to range from Rs 700 to Rs 1,300 on commercial vehicles entering Delhi.

Oct 9, 2015

With Maggi sidelined, Baba Ramdev's Patanjali readies to roll out 'healthy noodles' on 15 October

Baba Ramdev said that the the taste maker of Patanjali Ayurveda's noodles will be "a health maker".

Oct 9, 2015

SpiceJet to expand fleet, run 41 more flights

Presently, the airline has in its next generation fleet comprising 20 Boeing 737s, 1 Airbus A319 and 14 Bombardier Q-400 aircraft.

Oct 9, 2015

India's youngest state Telangana emerging as favourite investment destination for top companies

Telangana has emerged as a tough competitor to neighbouring Andhra Pradesh and Karnataka.

Oct 9, 2015

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