Business news

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India's foreign exchange reserves increase by $1,500 million; select stocks hit 52-week high

Rising for the fourth straight week, India's foreign exchange reserves stood at $363.14 billion as of February 3, 2017.

Feb 10, 2017

Ola, Uber drivers' strike could hit Delhiites on Monday

The drivers held a protest on Friday as well, which inconvenienced commuters.

Feb 10, 2017

Airbnb eyeing to acquire Montreal-based rental startup Luxury Retreats International

Luxury Retreats, which would be Airbnb's largest acquisition, is a profitable venture and generates about $150 million in gross bookings a year.

Feb 10, 2017

Infosys hires law firm to review its simmering corporate governance issues

Some Infosys founders expressed concerns about sharp compensation hike for CEO Vishal Sikka and the severance package offered to ex-executives.

Feb 10, 2017

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Cafe Coffee Day reports growth in Q3 despite demonetisation

Coffee Day Enterprises Ltd. (CDEL) owns the CCD chain of coffee outlets; the company came out with its IPO in September 2015.

Feb 10, 2017

State Bank of India posts 134% rise in net profit for Q3; shares gain

Share prices of State Bank of India (SBI) gain after the lender announces 134 percent rise in Q3 standalone net profit, though NII grew marginally.

Feb 10, 2017

EPFO may soon decide to invest more of its funds into stock markets

The EPFO currently invests 10% of its incremental deposits into ETFs and may soon raise it to 15%.

Feb 10, 2017

Nokia acquires Finnish network service provider Comptel for $370 million

The acquisition will help Nokia create a standalone software business by expanding its software portfolio and go-to-market capabilities.

Feb 10, 2017

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Gold prices at near 3-month high over uncertainty in French polls, Trump's policies

Fears over US President Donald Trump's policies and political uncertainties in Europe lift gold prices to almost 3-month high.

Feb 9, 2017

Copper prices hit 18-month high as workers at BHP Billiton's Escondida mine in Chile set to go on strike

A work stoppage at Escondida, the world's largest copper-mining site, will cut about 25,000 tonnes a week from the global copper market.

Feb 9, 2017

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Infosys: Former CFO Pai wants company to look at share buyback, questions severance pay to Rajiv Bansal

Bengaluru-based Infosys should take a cue from Cognizant Technology Solutions (CTS), says Mohandas Pai, ex-cCFO of the company and investor.

Feb 9, 2017

Is India prepared to recycle its huge pile of junk mobile phones and computers?

India, the world's second largest mobile market, is also the fifth largest producer of e-waste, discarding roughly 18.5 lakh tonnes of e-waste each year.

Feb 9, 2017

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Allcargo Logistics shares fall 3% ahead of Q3 results

Shares of Allcargo Logistics trade weak on BSE before its Q3 results scheduled for February 13; GST is the biggest influencer of logistics stocks.

Feb 9, 2017

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Travel startup Wandertrails raises $1 million from Earlsfield Capital

Wandertrails, a portal that helps people find adventure trails, bike trails and treks, gets backing from UK-based VC firm Earlsfield.

Feb 9, 2017

Snapdeal to close handicrafts marketplace Shopo.in amid mounting losses, fund woes

Snapdeal's Shopo.in is shutting operations from February 10 as the e-commerce player is looking to aggressively cut costs.

Feb 9, 2017

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Business news

India's foreign exchange reserves increase by $1,500 million; select stocks hit 52-week high

Ola, Uber drivers' strike could hit Delhiites on Monday

Airbnb eyeing to acquire Montreal-based rental startup Luxury Retreats International

Infosys hires law firm to review its simmering corporate governance issues

Cafe Coffee Day reports growth in Q3 despite demonetisation

State Bank of India posts 134% rise in net profit for Q3; shares gain

EPFO may soon decide to invest more of its funds into stock markets

Nokia acquires Finnish network service provider Comptel for $370 million

Gold prices at near 3-month high over uncertainty in French polls, Trump's policies

Copper prices hit 18-month high as workers at BHP Billiton's Escondida mine in Chile set to go on strike

Infosys: Former CFO Pai wants company to look at share buyback, questions severance pay to Rajiv Bansal

Is India prepared to recycle its huge pile of junk mobile phones and computers?

Allcargo Logistics shares fall 3% ahead of Q3 results

Travel startup Wandertrails raises $1 million from Earlsfield Capital

Snapdeal to close handicrafts marketplace Shopo.in amid mounting losses, fund woes

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]