Business news

China's Fosun to acquire India's Gland Pharma for $1.3 Billion

The transaction could be India's largest inbound acquisition in 2016 and China's first in India's pharmaceutical sector.

Jul 28, 2016

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Punjab National Bank's Q1 net profit falls 58%, asset quality worsens

However, higher growth in its other income category and lower expenditure on tax arrested a much steeper fall predicted by analysts.

Jul 28, 2016

Boeing's jumbo jet era could end soon [Video]

The production of Boeing 747 has fallen due to reduced orders and increased pressure on its costing.

Jul 28, 2016

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Green bonds to hit a new high of $75 billion this year, says Moody's

Green bonds worth $42.4 billion were issued last year.

Jul 28, 2016

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7th Pay Commission hopefuls Asian Paints, Berger, Kansai Nerolac gain sharply on BSE; logistics shares rise on GST buzz

Asian Paints's upbeat results lifted Kansai Nerolac and Berger Paints shares; these firms are expected from pay commission recommendations.

Jul 28, 2016

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Government raises FDI limit in stock, commodity exchanges to 15%

The rise in investment cap applies to stock exchanges, depositories and commodity derivative exchanges.

Jul 28, 2016

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Lloyds Banking Group to cut 3,000 jobs, shut down 200 branches

The latest job cut and branch shut down announcement was made by the Lloyds Banking Group while declaring the H1 results.

Jul 28, 2016

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Taj Hotels and Resorts confident of prospects for travel and tourism sector in FY17

The Indian Hotels Company Ltd., which owns Taj Hotels, is a Tata Group company and will be holding its 115th AGM next month.

Jul 28, 2016

Asia dips as China stocks deepen losses, dollar down after Fed

South Korea's Kospi and Hong Kong's Hang Seng both shed 0.4 percent.

Jul 28, 2016

JSW Steel net profit rises exponentially in June quarter; Sajjan Jindal firm flags concerns over cheap imports

Sajjan Jindal-owned JSW Steel reports 52-fold increase in net profit for June 2016 quarter, YoY, but paints bleak outlook for steel sector.

Jul 28, 2016

Facebook trounces Wall Street estimates with sharp ad sales growth

The social networking site's shares were up 5.4 percent in after-hours trading at $130.01, after hitting their highest since the company went public in 2012.

Jul 28, 2016

YouTube app gets Google Cardboard support

India's 10 most-watched ads on YouTube for 2016 [Videos]

Nearly 4 lakh hours were spent watching these ads mostly on hand held devices.

Jul 27, 2016

Bharti Airtel net profit declines 30.8 percent for Q1; mobile revenues up 35 percent

Airtel's consolidated revenues at Rs. 25,546.5 crore rose yearly while net income declined by 30.8 percent year-on-year.

Jul 27, 2016

India buys 4 more anti-submarine aircraft to boost naval patrolling in Indian Ocean

The move is aimed at increasing the navy's power to check the presence of China in the Indian Ocean region, says a report.

Jul 27, 2016

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SpiceJet announces new subsidiary to sell consumer goods; shares rise sharply on BSE

SpiceJet Merchandise will engage in the business of electronic items and ready-made apparels through various channels.

Jul 27, 2016

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Business news

China's Fosun to acquire India's Gland Pharma for $1.3 Billion

Punjab National Bank's Q1 net profit falls 58%, asset quality worsens

Boeing's jumbo jet era could end soon [Video]

Green bonds to hit a new high of $75 billion this year, says Moody's

7th Pay Commission hopefuls Asian Paints, Berger, Kansai Nerolac gain sharply on BSE; logistics shares rise on GST buzz

Government raises FDI limit in stock, commodity exchanges to 15%

Lloyds Banking Group to cut 3,000 jobs, shut down 200 branches

Taj Hotels and Resorts confident of prospects for travel and tourism sector in FY17

Asia dips as China stocks deepen losses, dollar down after Fed

JSW Steel net profit rises exponentially in June quarter; Sajjan Jindal firm flags concerns over cheap imports

Facebook trounces Wall Street estimates with sharp ad sales growth

India's 10 most-watched ads on YouTube for 2016 [Videos]

Bharti Airtel net profit declines 30.8 percent for Q1; mobile revenues up 35 percent

India buys 4 more anti-submarine aircraft to boost naval patrolling in Indian Ocean

SpiceJet announces new subsidiary to sell consumer goods; shares rise sharply on BSE

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]