Business news

Didi Chuxing worth $34 billion after investment from Foxconn

Foxconn's subsidiary firm Foxteq Holdings Inc. has acquired 0.36 percent stake in Didi Chuxing.

Sep 9, 2016

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GST Bill gets president's nod, but HPCL, BPCL, IOC shares may not rally

Shares of oil marketing companies are unlikely to gain as petrol, diesel and natural gas have been temporarily kept out of the GST.

Sep 9, 2016

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ICICI Bank launches software robotics to drive banking operations

The bank deployed these software robots in over 200 branches and is planning to more than double to over 500 in the coming days.

Sep 8, 2016

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SBI, Tata Steel, Maruti Suzuki hit new 52-week highs as Sensex closes at 18-month peak

Propelled by SBI, Maruti Suzuki, Tata Steel and other bluechips, the BSE Sensex closed at an 18-month high on Thursday.

Sep 8, 2016

Liberty Media buys Formula 1 in Â£6bn deal

British businessman Bernie Ecclestone will remain as CEO of F1, after it was bought by US firm Liberty Media for around Â£3.3bn ($4.4bn).

Sep 8, 2016

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Yes Bank stock slumps after private placement of shares worth $1 billion

Goldman Sachs, Edelweiss, Religare, Motilal Oswal and HSBC were some of the lender banks for the share sale.

Sep 8, 2016

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Mahindra, Ola announce partnership to drive business

The agreement between Mahindra and Ola envisages selling cars worth Rs. 2,600 crore to about 40,000 Ola-affiliated drivers.

Sep 8, 2016

Samsung Galaxy Note 7 mass recall after reports of device exploding while charging

Samsungs mass recall of the Galaxy Note 7 smartphones worldwide over faulty batteries may cut the Korean companys 2016 second-half operating profit by about 820bn won ($738m, Â£554m) as per an analyst report. Another report says the total cost borne the company could well amount to $1bn. The company announced a global recall of the recently launched Note 7 smartphone last week after receiving close to 35 official complaints of malfunctioning most of which were related to batteries that caught fire while being charged.

Sep 8, 2016

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IRB InvIT Fund files documents with regulator for IPO; IRB Infra shares rise 6%

IRB Infrastructure-backed IRB InvIT Fund will be the first real investment trust (ReIT) to come out with an IPO.

Sep 8, 2016

TCS shares dip 5.66% after company issues bleak Q2 outlook

The firm's banking and financial sector clients in the United States are being cautious on discretionary spending.

Sep 8, 2016

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Supreme Court comes down heavily on industrialists making false promises

Clients facing trial promise to return after travel but never do so, the court observed while hearing Ravikant Ruia's plea. Ruia is facing trial in 2G scam.

Sep 7, 2016

Khat Sabha fiasco: Rahul Gandhi takes a swipe at BJP, compares cot-stealing villagers to Vijay Mallya

He said Vijay Mallya has not paid Rs. 9,000 crore, but is still called a "defaulter," while villagers who stole cots were called "thieves."

Sep 7, 2016

SpiceJet shares skyrocket 20% on sharp rise in Q1 net profit

The airline's net profit doubled to Rs. 142.9 crore for the June quarter on lower fuel and finance costs.

Sep 7, 2016

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Gold prices near 3-year high on heavy buying by jewellers

The buoyancy in sentiments led to the rise in gold prices, aided by lower chances of an interest rate hike by the U.S. Federal Reserve.

Sep 7, 2016

ing bank welab hong kong fintech fund raising investment china series a dollar Simon Loong

ING Bank extends $25 million debt to Hong Kong-based fintech company WeLab

Amsterdam-based ING Bank had participated in a $160 million funding for WeLab in January this year, led by Khazanah Nasional Berhad.

Sep 7, 2016

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Business news

Didi Chuxing worth $34 billion after investment from Foxconn

GST Bill gets president's nod, but HPCL, BPCL, IOC shares may not rally

ICICI Bank launches software robotics to drive banking operations

SBI, Tata Steel, Maruti Suzuki hit new 52-week highs as Sensex closes at 18-month peak

Liberty Media buys Formula 1 in Â£6bn deal

Yes Bank stock slumps after private placement of shares worth $1 billion

Mahindra, Ola announce partnership to drive business

Samsung Galaxy Note 7 mass recall after reports of device exploding while charging

IRB InvIT Fund files documents with regulator for IPO; IRB Infra shares rise 6%

TCS shares dip 5.66% after company issues bleak Q2 outlook

Supreme Court comes down heavily on industrialists making false promises

Khat Sabha fiasco: Rahul Gandhi takes a swipe at BJP, compares cot-stealing villagers to Vijay Mallya

SpiceJet shares skyrocket 20% on sharp rise in Q1 net profit

Gold prices near 3-year high on heavy buying by jewellers

ING Bank extends $25 million debt to Hong Kong-based fintech company WeLab

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]