Business news

Air India passenger plane, air india pilot

Air India back in the black at operating level after 10 years

National carrier Air India also narrows net loss to Rs 3,837 crore in 2015-16 from Rs 5,859 crore in 2014-15.

Oct 15, 2016

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Essar Oil sells 98% stake to Rosneft, Trafigura, United Capital Partners for $12.9 billion

Prashant Ruia-led Essar Oil's stake sale worth $12.9 billion to Russian firm Rosneft and others will help reduce Essar Group's debt.

Oct 15, 2016

ICICI Bank replaces Rajiv Sabharwal with Anup Bagchi as retail head; Shilpa Kumar is MD and CEO of ICICI Securities

ICICI Group reshuffles top management, gives new responsibilities to Anup Bagchi, Shilpa Kumar and B Prasanna.

Oct 15, 2016

Samsung puts the last nail in the Galaxy Note 7 coffin

Galaxy Note 7 fiasco to hit Samsung's smartphone shipments to India, says CMR

The recall and production stoppage woes of Galaxy Note 7 could cost Rs 6,500 crore to Samsung's India operations.

Oct 14, 2016

Surendra Hiranandani, Chairman & MD, House of Hiranandani housing real estate projects india home loans new launches residential sector

House of Hiranandani to launch residential project 'Anchorage' in Chennai

The total project value of "Anchorage" is about Rs 375 crore, says House of Hiranandani in a statement.

Oct 14, 2016

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Infosys hits new 52-week low; L&T Financial Holdings, Petronet LNG, Nestle, Voltas top BSE gainers

Select stocks like L&T Financial Holdings, Petronet LNG, Nestle gained on BSE on Friday but Infosys plunged to a new low.

Oct 14, 2016

HP Inc to cut about 4,000 jobs in next 3 years

HP Inc plans to save about $350 to $500 million in restructuring costs and other charges.

Oct 14, 2016

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SpiceJet shares gain more than 5% on BSE on stock upgrade

Analysts see a significant upside for SpiceJet shares from the current levels.

Oct 14, 2016

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PNB Housing Finance gets Sebi approval for Rs 2,500 crore IPO

Documents for the initial public offering (IPO) were filed by PNB Housing Finance in July this year.

Oct 14, 2016

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Infosys Q2 FY2017: Here is what Vishal Sikka, Pravin Rao, MD Ranganath said after Sept quarter results

Infosys lowers it revenue guidance for FY2017 after declaring September quarterly result while CEO Vishal Sikka talked about long-term plans.

Oct 14, 2016

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Wipro in focus after TCS, Infosys declare Q2 results

Wipro will be declaring its September quarter (Q2) results on October 21, while TCS and Infosys have already announced their results.

Oct 14, 2016

Asia stocks, dollar rise on China inflation data relief

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.4 percent after dropping 1.1 percent on Thursday.

Oct 14, 2016

Infosys Q2 net profit rises 6% YoY; revenue guidance slashed again

Revenue guidance now stands at 8-9 percent from 10.5-12 percent earlier, according to Infosys.

Oct 14, 2016

Oil prices edge up on tighter US fuel market

Traders said the U.S. price rise was due to a tightening fuel market.

Oct 14, 2016

Morning brief: Maldives pulls out of Commonwealth, US urges Pak to shut down terror camps, One plus e-store and more

Also read about Salman Khan releasing trailer of XXX: The Return of Xander Cage in the opening episode of Bigg Boss 10.

Oct 14, 2016

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Business news

Air India back in the black at operating level after 10 years

Essar Oil sells 98% stake to Rosneft, Trafigura, United Capital Partners for $12.9 billion

ICICI Bank replaces Rajiv Sabharwal with Anup Bagchi as retail head; Shilpa Kumar is MD and CEO of ICICI Securities

Galaxy Note 7 fiasco to hit Samsung's smartphone shipments to India, says CMR

House of Hiranandani to launch residential project 'Anchorage' in Chennai

Infosys hits new 52-week low; L&T Financial Holdings, Petronet LNG, Nestle, Voltas top BSE gainers

HP Inc to cut about 4,000 jobs in next 3 years

SpiceJet shares gain more than 5% on BSE on stock upgrade

PNB Housing Finance gets Sebi approval for Rs 2,500 crore IPO

Infosys Q2 FY2017: Here is what Vishal Sikka, Pravin Rao, MD Ranganath said after Sept quarter results

Wipro in focus after TCS, Infosys declare Q2 results

Asia stocks, dollar rise on China inflation data relief

Infosys Q2 net profit rises 6% YoY; revenue guidance slashed again

Oil prices edge up on tighter US fuel market

Morning brief: Maldives pulls out of Commonwealth, US urges Pak to shut down terror camps, One plus e-store and more

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]