Business news

SBI writes off Kingfisher Airlines' loans from balance sheet; transfers loan to another account

This write-off will allow the public sector lender to take out the loan from the balance sheet with an option to pursue recovery from the promoter.

Nov 16, 2016

LafargeHolcim increases stake in ACC, Ambuja Cements

The cement major increased its stake by 1.49 percent in Ambuja Cements and by 4.19 percent in ACC.

Nov 16, 2016

Don't see bad loans rising in current fiscal: Bank of Baroda

The public sector lender plans to recalibrate all its ATMs by November 25 for dispensing new Rs 500 and Rs 2,000 notes.

Nov 16, 2016

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Tata Global Beverages shares spurt after Cyrus Mistry's ouster as chairman

In a regulatory filing to the BSE, Tata Global Beverages says the board decided to replace Cyrus Mistry as chairman.

Nov 16, 2016

Snapchat confidentially files for $25 billion IPO in high-profile tech stock debut

Companies that have revenues less than $1 billion can secretly file for a public offering

Nov 16, 2016

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Sensex posts early gains on low inflation, weak dollar

Easing retail inflation has raised hopes of further monetary easing by the Reserve Bank of India in coming days.

Nov 16, 2016

Paralysed ALS patient uses computer to speak with her mind

A woman with locked in syndrome as a result of amyotrophic lateral sclerosis (ALS) has been able to speak again as a result of a brain implant that allows her to wirelessly transmit thoughts to a computer. The breakthrough means 58-year-old Hanneke de Bruijne can communicate with her family at home for the first time in at least a year.

Nov 15, 2016

Sensex loses 1,200 points in two days over global cues, demonetisation woes

Benchmark indices BSE Sensex and NSE Nifty lose heavily over demonetisation chaos, global headwinds, despite fall in retail inflation.

Nov 15, 2016

Premium collection of general insurers jumps 32% on healthy motor insurance growth

The rise in gross written premium collections during April-October period for private sector firms was higher than the public sector firms.

Nov 15, 2016

Reliance Defence to tie up with Israeli company to make new Kalashnikov rifles in India

There exists a huge requirement of weapons for Indian Armed Forces with the potential market size of Rs 6,000 crore.

Nov 15, 2016

SBI shares gain sharply on demonetisation drive; bank says ATMs to dispense smaller denominations soon

Deposit surge after demonetisation lifts SBI shares; chairman Arundhati Bhattacharya assures smaller denominations from ATMs.

Nov 15, 2016

Bajaj Finance sees near-term blip in credit growth

Demonetisation of high-value currencies by India is likely to drag many NBFCs' balance sheet.

Nov 15, 2016

Expedia-owned Trivago files for IPO worth $400 million

Morgan Stanley, JP Morgan and Goldman Sachs are leading the deal for the hotel booking website.

Nov 15, 2016

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Sensex continues losing streak, down 1%

Key market indices remained under a bearish grip, taking global cues as a strengthening dollar pulled down most Asian markets.

Nov 15, 2016

Oil prices rise on falling shale output, renewed hopes of OPEC cut

Prices were buoyed by expectations that US shale oil production will fall in December to its lowest since April 2014.

Nov 15, 2016

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Business news

SBI writes off Kingfisher Airlines' loans from balance sheet; transfers loan to another account

LafargeHolcim increases stake in ACC, Ambuja Cements

Don't see bad loans rising in current fiscal: Bank of Baroda

Tata Global Beverages shares spurt after Cyrus Mistry's ouster as chairman

Snapchat confidentially files for $25 billion IPO in high-profile tech stock debut

Sensex posts early gains on low inflation, weak dollar

Paralysed ALS patient uses computer to speak with her mind

Sensex loses 1,200 points in two days over global cues, demonetisation woes

Premium collection of general insurers jumps 32% on healthy motor insurance growth

Reliance Defence to tie up with Israeli company to make new Kalashnikov rifles in India

SBI shares gain sharply on demonetisation drive; bank says ATMs to dispense smaller denominations soon

Bajaj Finance sees near-term blip in credit growth

Expedia-owned Trivago files for IPO worth $400 million

Sensex continues losing streak, down 1%

Oil prices rise on falling shale output, renewed hopes of OPEC cut

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]