Business news

800 Indian exporters suspected of hoarding black money overseas

Nearly Rs. 100 crore in export earnings have been hoarded abroad by each of these exporters.

Jul 22, 2016

MasterCard is now mastercard

Payments processing company MasterCard recently unveiled its new look as "mastercard" while retaining its overlapping red and yellow circles.

Jul 22, 2016

JSW Steel plans to raise Rs. 5,032 crore from foreign investors

A board meeting will be held on July 27 to decide the further course of action.

Jul 22, 2016

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Kotak Mahindra Bank Q1 net profit rises sharply on higher NII, lower provisioning

However, the bank's asset quality worsened a bit as net NPAs increased to 1.21 percent in the quarter, up from 1.04 percent as on June 30, 2015.

Jul 22, 2016

Now pay Rs.300 extra per kg for excess baggage on flights

The three airlines will now charge Rs. 300/kg extra for carrying excess baggage over and above the 20kg baggage allowance.

Jul 22, 2016

Zensar Technologies Q1 net profit flat at Rs. 76.2 crore, revenues up 8.2%

In dollar terms, however, net profit stood at $11.4 million, down 5% from the year-ago quarter.

Jul 22, 2016

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Advanced Enzyme Technologies IPO: Issue oversubscribed 115 times; will shares list at a premium?

The three-day, Rs. 411 crore IPO of Advanced Enzyme Technologies closes on Friday.

Jul 22, 2016

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Treebo Hotels raises Rs. 112 crore in Series B funding led by Bertelsmann

Treebo Hotels is a tech-enabled chain of affordable hotels founded in March last year.

Jul 22, 2016

IT hiring to be below 2 lakh in FY17: NASSCOM President

NASSCOM predicts less IT jobs due to automation, while TCS, Infosys net addition increased for the June 2016 quarter.

Jul 22, 2016

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ITC Q1FY17: Cigarette volume sales up 3% in June quarter, best in 3 years

Cigarette sales of diversified firm ITC rose 3 percent in June 2016 quarter despite higher taxes and row over pictorial warnings.

Jul 22, 2016

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'Kabali' frenzy skips markets; Bajaj Auto, Infosys, SBI, Tata Steel drag Sensex

India may be in the grip of "Kabali" fever, but Indian stock markets led by Bajaj Auto, SBI, Infosys are trading with losses.

Jul 22, 2016

Oil futures mixed, face weekly decline as glut fears persist

Iraq's oil exports are set to rise in July, according to loading data and an industry source.

Jul 22, 2016

Biocon's net profit rises 35% to Rs. 166.6 crore for June quarter

The pharmaceutical company's consolidated net revenues for the June quarter rose 21 percent to Rs. 982 crore.

Jul 22, 2016

Boeing warns of more than $2 billion in charges, shares drop

Boeing shares fell 1 percent after hours to $132.26 after the company gave notice of its largest write-offs in years, to be detailed in quarterly results on Wednesday.

Jul 22, 2016

Indian start-ups receive 50 per cent of global investments on wind energy

Power generation start-ups attracted the highest investment worth $7.08 million, while manufacturing received a total investment of $1.68 million over 2015-16.

Jul 21, 2016