Business news

Term Deposit Rates Cut By ICICI And HDFC

HDFC and ICICI cut term rates to 8.75% across tenures; base rate remains unchanged.

Dec 4, 2014

Blast Furnace in India at SAIL Plant - Representational Image

NDA Disinvestment Agenda Back on Track; SAIL Kicks off Process with 5% Stock Sale

The government disinvestment agenda picks up pace with the sale of 5% of shares in SAIL; ONGC, Coal India and Hindustan Zinc lined up.

Dec 4, 2014

Railway Minister Allays Fears of Privatization

Prabhu makes clear that the railways requires private investment and assured that the State transporter won't be privatized

Dec 3, 2014

indian-navy-warships-representational-image

India to Modernise its Aging Naval Fleet as China Increases Presence in Indian Ocean

As Chinese battle ships and submarines increase their "port of call" in the Indian Ocean, India prepares to defend its "strategic background" more vehemently.

Dec 3, 2014

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BSE closes points 1.30 down on Dec 3

New Delhi, Dec 3 (ANI): Trading at the Bombay Stock Exchange today closed 1.30 points down to stand at 28,442.71. At the National Stock Exchange the Nifty closed 12.95 points up to stand at 8,537.65. ESSAR OIL and SUN TV were among the top gainers of Group A with an increase of 20.00% and 13.73% along with FSL and SUZLON with an increase of 11.16% and 9.95% respectively, while the top losers of Group A include CEAT LTD and SAIL with a decrease of 5.62% and 5.06% along with KAILASH and RASOYA PROTEINS LTD. with a decrease of 4.98% and 4.36% at the close of the markets. The Auto sector is up 256.64 points at 19,338.75 while the banking sector is up 91.30 points at 21,339.82 and the reality sector is up 22.02 points at 1,696.05. The Indian currency is down 0.02% at Rs 61.87 per dollar.

Dec 3, 2014

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

Supreme Court Permits Sahara To Sell Properties Valued At ₹ 2,700 crore

Supreme Court grants permission to Sahara for sale of four domestic properties; Sahara to provide details to the court about the '$650mn junior loan'

Dec 3, 2014

Hero MotoCorp Signs Tiger Woods for Record Rs 250 Crore as Global Brand Ambassador

Hero MotoCorp has signed golfing legend Tiger Woods as its global brand ambassador for a four-year Rs. 250 Crore deal. News of the signing comes just three months after Hero Moto agreed to sponsor the Hero World Championship, a PGA Tour that benefits Woods' foundation.

Dec 3, 2014

Quikr Shifts Base to Bangalore to Tap Available Technology Talent Pool

Bangalore plays host to start-ups; talent pool considered diverse and significant.

Dec 3, 2014

Flipkart Founders Invest ₹6 Crore in Electric Vehicle Start-up Ather

Ather sees second-round funding from Raju Venkataraman; product development gains pace.

Dec 3, 2014

Gold Rises About 4%: Biggest One-Day Gain Since 2013

Gold clocks above $1,200 for the first time since October with Japan sovereign downgrade and import relaxations in India.

Dec 2, 2014

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BSE closes points 115.61 down on Dec 2

New Delhi, Dec 2 (ANI): Trading at the Bombay Stock Exchange today closed 115.61 points down to stand at 28,444.01. At the National Stock Exchange the Nifty closed 31.20 points down to stand at 8,524.70. BEL and WOCKPHARMA were among the top gainers of Group A with an increase of 10.36% and 9.88% along with SPARC and RAYMOND with an increase of 9.61% and 8.98% respectively, while the top losers of Group A include KAILASH and INFRATEL with a decrease of 4.97% and 4.87% along with SREI INFRASTRUCTURE FINANCE LTD and BALRAMPUR CHINI MILLS LTD with a decrease of 4.46% and 4.22% at the close of the markets. The Auto sector is down 198.55 points at 19,082.11 while the banking sector is up 26.23 points at 21,248.52 and the reality sector is up 1.45 points at 1,674.03. The Indian currency is up 0.23% at Rs 61.88 per dollar.

Dec 2, 2014