Business news

No More the King of Good Times? Heineken Gets Controlling Stake in Vijay Mallya's Kingfisher Beer

Heineken is now a majority shareholder, which makes UBL chairman Vijay Mallya's position in the company precarious.

Jul 9, 2015

MakeMyTrip, IRCTC Find Place in 'Fortune Next 500 Companies' in India

Other firms in the list include RBL Bank (The Ratnakar Bank Limited) and Inox Wind.

Jul 9, 2015

All Eyes on TCS as Software Firm Set to Annouce Results for June Quarter Today

Ahead of the results, stock prices of TCS fell 1.7% to trade at ₹2,550.

Jul 9, 2015

Russia's Rosneft Agrees to Buy 49% Stake in Essar Oil, Shares Up

Share prices of Essar Oil rose more than 5% on Thursday to touch ₹198.35

Jul 9, 2015

NYSE Resumes Trading after 4-hour Halt due to Outage

NYSE halted trading in all securities starting from 11.32 a.m. on Wednesday due to technical issue

Jul 9, 2015

SpiceJet Likely to Cut Fares as Crude Oil Prices Fall

Estimates show that "fuel costs" occupy about 50% of total operating expenses of the domestic airlines.

Jul 8, 2015

Microsoft May See Another Major Retrenchment, Says Report

The new layoffs are likely to occur in the company's hardware division and smartphone unit.

Jul 8, 2015

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Texas: Google begins testing self-driving prototype cars in Austin

Google has begun testing its self-driving cars in Austin, Texas, furthering efforts to gather information on how the prototypes interact with traffic, road conditions and people.

Jul 8, 2015

Crashing Chinese Markets Drag Sensex Down by Nearly 500 Points; Metal Stocks See Heavy Sell-off

Metal stocks got severely battered due to their high exposure to Chinese markets.

Jul 8, 2015

Tumbling Stock Markets Force 1,300 Chinese Companies to Halt Trading

The Shanghai Composite Index opened 7% lower on Wednesday, before paring some of its losses to trade at over 5% down.

Jul 8, 2015

Flipkart to Announce Enhanced Paternity Benefits Shortly

The online retailer will extend paternity leave to 10 days.

Jul 8, 2015

Sahara Tells Supreme Court that it Can't Refund ₹36,000 Crore to Investors in 18 Months

Sahara told the court that "no business house in the world can pay ₹36,000 crore within 18 months."

Jul 7, 2015

Jet Airways Pips Dubai's Emirates as India's Top Carrier on International Routes

Its tie-up with Etihad Airways also helped Jet Airways increase its international traffic.

Jul 7, 2015

Uber to Build 'Largest International Office' in Hyderabad: Report

Uber's new facility at Hyderabad will be a centralised response and support centre for all drivers and customers on its network.

Jul 7, 2015

Warburg Pincus Eyeing to Buy One-Fourth Stake in L&T Finance Holdings

Share prices of L&T Finance soared 7.8% to trade at ₹71.65 on Tuesday

Jul 7, 2015

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Delhi govt to give Rs 1 crore to slain BSF soldier Narendra Singh's family

13 hours ago