Business news

Sensex, Nifty close down over 1% on profit booking; Infosys hits 52-week high

Indian benchmark indices Sensex and Nifty lost almost 1.5 percent on profit-booking Monday.

Mar 28, 2016

Oculus Rift founder Palmer Luckey hand delivers first headset to developer and gamer in Alaska

Software developer Ross Martin was lucky enough to receive his Oculus Rift headset from tech titan.

Mar 28, 2016

The Kempe Gowda International Airport in Bengaluru

GVK to sell 33% stake in Bangalore International Airport for Rs 2,149 crore

GVK said it will reduce debt by Rs 2,000 crore and would save interest cost of Rs 300 core every year.

Mar 28, 2016

Tata Sons to hike stake in AirAsia India as Arun Bhatia's Telestra exits

Tata Sons and two directors will buy out Telestra Tradeplace's 9.94 percent in the loss-making airline.

Mar 28, 2016

IDBI Bank's 4-day strike challenges privatisation

The strike called by the United Platform of IDBI Bank Unions follows two failed reconciliatory meetings with the labour commissioner.

Mar 28, 2016

550 MW of wind power projects could soon become non-performing assets

The Rs 4,000 crore projects are abandoned since the MSEDCL has refused to sign power purchase agreements, reports the Economic Times

Mar 28, 2016

DCW curbs threat to women safety in Delhi; issues notices to Uber, Ola and three others on fleet, driver details

Uber adds another $500 million to ramp up India operations

The decision may start a regime of heavy discounts for commuters and incentives for drivers.

Mar 28, 2016

Qatar's Al Jazeera network laying off 500 employees

Before the lay-offs, the network had about 4,000 staff, a spokesman said.

Mar 28, 2016

Oil prices rise in thin Asian trade after break

U.S. crude's front-month contract CLc1 was up 37 cents at 39.83 a barrel at 0055 GMT.

Mar 28, 2016

Dell nears sale of IT services unit to Japan's NTT Data: Sources

The sale will also offer NTT Data, a bigger foothold in the United States.

Mar 28, 2016

IOC, GAIL to take 49% equity in Adani's Rs 5,000 crore LNG project: Report

Adani Group had offered Indian Oil and GAIL a 49 percent stake in Dhamra LNG project, with a capacity of five million tonnes per year, in Odisha.

Mar 27, 2016

Britain's EU exit campaign backed by 250 business leaders

Vote Leave group said it was forming a Business Council to argue that EU membership was holding back business.

Mar 27, 2016

Microsoft meets with private equity firms over Yahoo deal

Private equity firms interested in Yahoo approached Microsoft, a person familiar with the situation told Reuters.

Mar 27, 2016

The Plaza, New York, partly owned by the Sahara Group

Sahara Group gets 3-month breather from auction of its New York properties

The Sahara Group has availed of $900-million refinance facility for the two properties from Reuben brothers, who now want to recover the money.

Mar 27, 2016

Bombay Stock Exchange BSE indian stock markets equitas holdings small bank

Market cap of Sensex stocks up by Rs 38,620 crore

Indian stock markets witnessed truncated trading week in which market capitalisation of select frontline stocks rose sharply.

Mar 26, 2016

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Business news

Sensex, Nifty close down over 1% on profit booking; Infosys hits 52-week high

Oculus Rift founder Palmer Luckey hand delivers first headset to developer and gamer in Alaska

GVK to sell 33% stake in Bangalore International Airport for Rs 2,149 crore

Tata Sons to hike stake in AirAsia India as Arun Bhatia's Telestra exits

IDBI Bank's 4-day strike challenges privatisation

550 MW of wind power projects could soon become non-performing assets

Uber adds another $500 million to ramp up India operations

Qatar's Al Jazeera network laying off 500 employees

Oil prices rise in thin Asian trade after break

Dell nears sale of IT services unit to Japan's NTT Data: Sources

IOC, GAIL to take 49% equity in Adani's Rs 5,000 crore LNG project: Report

Britain's EU exit campaign backed by 250 business leaders

Microsoft meets with private equity firms over Yahoo deal

Sahara Group gets 3-month breather from auction of its New York properties

Market cap of Sensex stocks up by Rs 38,620 crore

Twenty-year-old elephant shot dead in Karnataka village; culprits at large [details]

Seven soldiers killed, 19 injured after bus falls into river in Ladakh; PM Modi expresses condolences [details]

Filmmakers restoring golden era of film shooting in J&K; maiden film policy lures producers [details]