Business news

Flipkart-owned Myntra acquires Jabong for $70 million in all cash deal

Flipkart pipped rivals Snapdeal, Alibaba and Aditya Birla group's Abof.com to buy Jabong.

Jul 26, 2016

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Bajaj Finance June quarter net profit up 54%; company announces stock split, 1:1 bonus

Bajaj Finance reported 54 percent rise in Q1 net profit; company board announces stock split, 1:1 bonus.

Jul 26, 2016

Telecom panel fixes minimum 3% spectrum usage charge

The Cabinet will consider the Telecom Commission's proposal next week.

Jul 26, 2016

ICICI, Axis: First Indian banks to join Swift's global payments initiative

ICICI and Axis joins more than 70 banks across the globe to be part of Swift's cross-border payments enhancement initiative.

Jul 25, 2016

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PNB Housing Finance IPO: India's fifth-largest home loan firm eyes expansion

PNB Housing Finance, which is coming out with an initial public offering (IPO) of shares, wants to expand footprint to smaller cities.

Jul 25, 2016

SC sends notice to Mallya on false asset disclosure, seeks reply on contempt of court plea

Mallya has not complied fully with the court's orders and hid some details about his assets, says the Attorney General of India.

Jul 25, 2016

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Coal stocks sufficient to operate thermal plants for 23 days

Coal stocks stood at 31.39 million tonnes as of July 19, enough to operate power plants for 23 days, says government data.

Jul 25, 2016

Nandan Nilekani invests in eCommerce venture for the first time

10i Commerce is the first eCommerce start-up to raise funding from Infosys co-founder Nanadan Nilekani.

Jul 25, 2016

India mulling proposal to create one oil giant by merging state-run firms

If the idea materializes, the new entity could make several global oil giants appear as small fry and also compete with other larger conglomerates.

Jul 25, 2016

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Gold shares rise on BSE after industry appeals to Modi govt for import duty cut

Shares of Titan, PC Jeweller and Gitanjali Gems rose on Monday after GJF members sought 50 percent cut in import duty on gold.

Jul 25, 2016

Zoomcar raises $25 million from Ford Motor; equity funding rises two-fold

Zoomcar has raised $25 million from Ford Motor, and the latest funding has taken its total equity funding to $46.5 million.

Jul 25, 2016

Bombay Stock Exchange building BSE dalal street

SBI, ICICI Bank, Maruti Suzuki lead Sensex rally on BSE; HPCL, IOC, BPCL gain on merger buzz

The Sensex was up by more than 200 points during mid-session rally led by SBI, ICICI Bank, Maruti Suzuki, HPCL, BPCL and IOC.

Jul 25, 2016

Verizon set to acquire Yahoo in a $4.8 billion deal

Verizon Communications will announce its plans to buy Yahoo's core assets before the U.S. markets open on Monday morning.

Jul 25, 2016

2 Boeing Dreamliners to join Air India's fleet by December

Four more Dreamliners will be added to the state-owned carrier's fleet next year.

Jul 24, 2016

Roseneft to soon sign binding agreement to buy 49% stake in Essar Oil

After the deal, Rosneft will gain access to Essar Oil's Vadinar refinery in Gujarat as well as 2,400 petrol pumps across India.

Jul 24, 2016

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Business news

Flipkart-owned Myntra acquires Jabong for $70 million in all cash deal

Bajaj Finance June quarter net profit up 54%; company announces stock split, 1:1 bonus

Telecom panel fixes minimum 3% spectrum usage charge

ICICI, Axis: First Indian banks to join Swift's global payments initiative

PNB Housing Finance IPO: India's fifth-largest home loan firm eyes expansion

SC sends notice to Mallya on false asset disclosure, seeks reply on contempt of court plea

Coal stocks sufficient to operate thermal plants for 23 days

Nandan Nilekani invests in eCommerce venture for the first time

India mulling proposal to create one oil giant by merging state-run firms

Gold shares rise on BSE after industry appeals to Modi govt for import duty cut

Zoomcar raises $25 million from Ford Motor; equity funding rises two-fold

SBI, ICICI Bank, Maruti Suzuki lead Sensex rally on BSE; HPCL, IOC, BPCL gain on merger buzz

Verizon set to acquire Yahoo in a $4.8 billion deal

2 Boeing Dreamliners to join Air India's fleet by December

Roseneft to soon sign binding agreement to buy 49% stake in Essar Oil

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]