Business news

SpiceJet shares rise on announcement of new routes, connectivity to Northeast

For the new schedule, SpiceJet will deploy its Bombardier Q400 fleet.

Aug 23, 2016

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Infosys shares hit new 52-week low; Sensex down 91 points

Amid news of 500 employees being sacked, Infosys shares hit a new 52-week low on Monday, while the BSE Sensex fell 91 points.

Aug 22, 2016

Infosys denies reports of 500 layoffs; says only underperformers asked to leave

Infosys dismissed media reports which claimed the company had sacked 500 employees, while clarifying that a few were asked to leave over "performance issues."

Aug 22, 2016

Make in India: Jivi Mobiles to invest Rs 200 crore in manufacturing plants

The initial investment of the firm is expected to be about Rs. 200 crore.

Aug 22, 2016

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PVR, Inox Leisure shares gain more than 35% in 3 months

Box office success of recent releases such as "Rustom", Kabali" and "Sultan", apart from a possible lower GST, could be the factors.

Aug 22, 2016

Flipkart ex-CEO Sachin Bansal reveals he was replaced due to performance

During a recent meeting, Bansal addressed the layoffs concerns of the employees and said he wasn't spared either.

Aug 22, 2016

Going for gold: Which Team GB athletes could get the best brand deals?

Large companies will be aiming to land the biggest stars of the Rio Olympics to be the faces of their brands, but which athletes might the businesses be chasing.

Aug 22, 2016

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Bank of Baroda appoints Ashok Kumar Garg as executive director

Prior to the elevation, Ashok Kumar Garg was Chief Executive of Bank of Baroda's U.S. operations.

Aug 22, 2016

RBL Bank IPO: Rs 1,200 crore public issue oversubscribed on Day 2

Private sector lender RBL Bank IPO opened on August 19 and closes on Tuesday.

Aug 22, 2016

Welspun India's shares down 19.98% as Target severs decade old tie-up

Welspun India's share were down 19.98 percent on Monday after US-based Target Corp. terminated its decade old tie-up with the Indian textile manufacturer.

Aug 22, 2016

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Sensex, Nifty in red after Urjit Patel's elevation as RBI governor

There was an expectation that stock markets would turn bullish on Monday in response to Urjit Patel succeeding Rajan as RBI governor.

Aug 22, 2016

Blackstone, Bain Capital, KKR, others keen to buy 48% stake in Mu Sigma

Blackstone Group, Canada Ontario Teacher's Pension plan, Bain Capital are competing to acquire stake in the firm.

Aug 22, 2016

Oil falls as August price rally seen overblown, China fuel exports jump

Oil prices fell on Monday as analysts doubted upcoming producer talks would rein in oversupply adding that August's more than 20-percent crude rally looks overblown.

Aug 22, 2016