Business news

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S Chand lists at 5% premium to issue price but falls later

Education book publisher S Chand and Company (SCCL) lists at Rs 707 a gain of 5.5 percent to its issue price of Rs 670 per share.

May 9, 2017

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ACC, Ambuja Cements gain on merger buzz

In June 2016, Ambuja Cements had bought Holcim India's 24 percent stake in ACC; LafargeHolcim owns 63.6 percent in Ambuja Cements; now the two companies are mulling merger.

May 8, 2017

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Vijaya Bank, CESC, Ceat, ACC, ICICI Bank, Indiabulls Real Estate, hit new 52-week high

Stocks that hit new 52-week high on Monday include ACC, Eicher Motors, Escorts, ICICI Bank, Vijaya Bank, Sobha and Ceat.

May 8, 2017

Mutual funds hit a new high in April; investments in equity schemes more than double

Assets under management (AUMs) of India's 42 mutual funds rose to Rs 19.26 lakh crore as of April 30 from Rs 17.55 lakh crore a month earlier.

May 8, 2017

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State Bank of India cuts interest rates on home loans to 'lowest' in industry

For loans up to Rs 30 lakh, the revised interest will be 8.35 percent, down from 8.60 percent; bank also cuts interest rates on term deposits (FDs).

May 8, 2017

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HUDCO IPO: Public issue gets good response on Day 1; here's what brokerages have to say

The Rs 1,200-crore IPO of state-owned HUDCO opens today (May 8) and closes on Thursday (May 11).

May 8, 2017

Cognizant going the Infosys way? CTS may lay-off 6,000 Indian employees to hire in the US

Cognizant hiring employees in the US might be a way to appease the Trump administration, which has been vocal about its displeasure over US firms outsourcing jobs to other countries.

May 8, 2017

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ICICI Bank leads Sensex rally, hits new 52-week high; Tata Motors gains after company's upbeat export forecast

ICICI Bank has rallied 12 percent since declaration of Q4 results; Tata Motors expects CV exports to rise 15 percent this year.

May 8, 2017

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Euro at 6-month high, Asian shares gain after French election results

Centrist candidate Emmanuel Macron comfortably won the French presidential election, defeating rival Marine Le Pen.

May 8, 2017

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Mutual fund investments in stocks more than double in April

Net inflows into equities by mutual funds rose to Rs 9,918 crore in April from Rs 4,191 crore in March.

May 8, 2017

Wipro threatened with 'biological' attack if it fails to pay Rs 500 crore ransom

The email threatens biological attacks on Wipro campuses if the IT services company fails to pay Rs 500 crore in bitcoins.

May 6, 2017

Market outlook: 'French presidential poll outcome unlikely to impact Indian stock markets next week'

The second round of French presidential polls is on Sunday (May 7); "market-friendly" candidate Emmanuel Macron (Independent) is leading opinion polls.

May 6, 2017

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Tesla shares recover to close with 4.36% gain on Nasdaq; company upbeat about Model 3 launch

Elon Musk-led Tesla reported record revenue of $2.7 billion and upbeat volume sales for the March quarter (Q1); Model 3 launch in July.

May 6, 2017

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If immigrants can study in US, why can't they work, asks Oracle CEO Mark Hurd

Mark Hurd was speaking to journalists at the company's headquarters.

May 5, 2017

Vince Cable says Ukip and Conservatives are effectively the same

Vince Cable stated the Liberal Democrats enjoyed a positive outcome in the local elections after being quite badly damaged in the coalition years. Mr Cable described the Conservatives and Ukip as effectively the same and insisted that if voters want an alternative we are it.

May 5, 2017

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Business news

S Chand lists at 5% premium to issue price but falls later

ACC, Ambuja Cements gain on merger buzz

Vijaya Bank, CESC, Ceat, ACC, ICICI Bank, Indiabulls Real Estate, hit new 52-week high

Mutual funds hit a new high in April; investments in equity schemes more than double

State Bank of India cuts interest rates on home loans to 'lowest' in industry

HUDCO IPO: Public issue gets good response on Day 1; here's what brokerages have to say

Cognizant going the Infosys way? CTS may lay-off 6,000 Indian employees to hire in the US

ICICI Bank leads Sensex rally, hits new 52-week high; Tata Motors gains after company's upbeat export forecast

Euro at 6-month high, Asian shares gain after French election results

Mutual fund investments in stocks more than double in April

Wipro threatened with 'biological' attack if it fails to pay Rs 500 crore ransom

Market outlook: 'French presidential poll outcome unlikely to impact Indian stock markets next week'

Tesla shares recover to close with 4.36% gain on Nasdaq; company upbeat about Model 3 launch

If immigrants can study in US, why can't they work, asks Oracle CEO Mark Hurd

Vince Cable says Ukip and Conservatives are effectively the same

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]