Business news

Infosys shares fall on media report of stake sale by founders

Shares of the software company fell as much as 3.5 percent to their lowest since May 5.

Jun 9, 2017

HDFC Bank to roll back UPI charge plan

The National Payments Corporation of India which runs the UPI railroads had requested the bank to reconsider the decision and is expected to call a meeting with bankers very soon

Jun 9, 2017

Conservatives lose overall majority as UK election results in hung parliament

British Prime Minister Theresa May has suffered an embarrassing setback as her Conservative Party has lost their overall majority off the back of a close general election, resulting in a hung parliament. Whilst the Conservatives hold the most seats, they do not have enough to establish outright control.

Jun 9, 2017

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Sterling shaken by UK election shock, damage limited elsewhere

The fall started when an exit poll showed Prime Minister Theresa May's Conservative Party could fail to win a clear majority, a result that would disrupt domestic politics and delay Brexit talks.

Jun 9, 2017

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Gold discounts galore, but no glitter in demand

Traders note that business typically comes down in June. Traders are overstocked currently, and the market is likely to trade in discount over the next few days

Jun 8, 2017

Sensex closes marginally lower at the end of a volatile day

Sensex steel and pharma gains offsetted by losses in tech, energy

Jun 8, 2017

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IT layoffs: Mohandas Pai says graduation in engineering not enough to land a job

IT companies would prefer candidates with post-graduation and expertise, says former Infosys CFO Mohandas Pai.

Jun 8, 2017

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Top picks according to Angel Broking

The stocks are expected to give 13 to 26 percent returns, according to brokerage Angel Broking.

Jun 8, 2017

Qatar handed out AA- credit rating by S&P

Qatar has been isolated by its neighbours, including Saudi Arabia, Egypt, Bahrain and the United Arab Emirates since early this month.

Jun 8, 2017

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Sensex fired up by SLR cut, RBI's 'dovish' stance

Optimism that RBI's inflation projections will lead to future rate cuts; NSE soars briefly to lifetime high on bank, metal stocks

Jun 8, 2017

TCS shares crash after Nomura, Nirmal Bang downgrade; Sun Pharma, Tata Steel, Dr Reddy's Labs gain

Nomura has a target price of Rs 2,200 and Nirmal Bang Institutional Equities, Rs 1,996.

Jun 8, 2017

Reliance Nippon Life Asset Management, Sundeep Sikka

Reliance Nippon Life Asset Management to be listed in bourses

RNAM is the asset manager to Reliance Mutual Fund and will be the first among the top three players in the asset management sector to list its shares on exchanges.

Jun 8, 2017

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Yes Bank gets shareholder nod to raise Rs 20,000 crore

The approval came at the 13th annual general meeting of the bank held on Tuesday in Mumbai.

Jun 7, 2017

Piramal Finance lends Rs 1,100 crore to Embassy Group

The funding has been done across residential and commercial projects in Bangalore, Chennai and Hyderabad.

Jun 7, 2017

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IT stocks fall after Infosys COO Pravin Rao's comment on IT spend by clients; Sensex flat ahead of RBI policy meet

In an interview, Infosys COO Pravin Rao that clients are likely to slash their IT spend sharply, triggering a fall in share prices of Wipro, Infosys, TCS, Tech Mahindra.

Jun 7, 2017