Business news

Biocon rules out any major financial impact due to fire at Syngene's Bengaluru facility

A spokesperson said Biocon's research arm Syngene is currently assessing the impact of the fire at its Bengaluru facility in operational terms.

Dec 13, 2016

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Domestic equities close Tuesday trade with gains ahead of US Fed meet

The outcome of the US Federal Reserve meeting will determine the directions for equity markets, analysts said.

Dec 13, 2016

How can dog licks kill you?

The spread of capnocytophaga canimorsus could lead to severe health problems and even death.

Dec 12, 2016

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Axis Bank dismisses report of facing cancellation of banking license

A Hindi newspaper had reported that Axis Bank's license could be cancelled in the wake of frauds unearthed after demonetisation.

Dec 12, 2016

Indian luxury car market likely to post its first ever decline in 2016

Diesel vehicle registration ban, additional taxes and demonetisation has crippled the segment.

Dec 12, 2016

RBI not in favour of government's move to cut card payment charges

The RBI argued that any reduction in card transaction charges will make the business model unsustainable for banks.

Dec 12, 2016

Tata Industries removes Cyrus Mistry as director

Six Tata Group companies will hold extraordinary general meetings (EGMs) in the near future to oust Mistry from their respective boards.

Dec 12, 2016

Qatar to merge Qatargas and RasGas to create a bigger entity

The move is seen as the Gulf country's efforts to adapt to a low energy pricing environment.

Dec 12, 2016

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Domestic equities fall on soaring oil price, Trump comments

The 50-share index fell more than one percent with IT, banking and oil and gas stocks dragging the index.

Dec 12, 2016

Indian insurers rush to buy bank capital after rule change

Insurance Regulatory Authority of India has allowed insurers to invest in AT1 rupee bonds with local ratings of AA and above.

Dec 12, 2016

Bank of Baroda in talks to buy stake in Central Bank's housing finance subsidiary

Central Bank could raise as much as Rs 250 crore for its 64 percent stake sale in Central Bank Home Finance.

Dec 11, 2016

OPEC, non-OPEC agree first global oil pact since 2001

Last week, OPEC agreed to slash output by 1.2 million barrels per day from January 1.

Dec 11, 2016

Germany's Delivery Hero to buy Foodpanda

With this acquisition, food takeaway company Delivery Hero would consolidate its position in the European food-delivery marketplace.

Dec 11, 2016

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RBI asks banks to deploy maximum new Rs 500 notes in ATMs

The central bank wants to ensure wider and equitable distribution of these currencies, which is only possible if maximum amount is given through ATMs.

Dec 10, 2016

Forbes List of Most Powerful Women in the World

IMF chief Christine Lagarde on trial in France over tycoon case

Lagarde is under fire for failing to challenge a payout award in favour of business tycoon Bernard Tapie during her tenure as French finance minister.

Dec 10, 2016