Business news

DSP Blackrock, Axis, Franklin Templeton equity fund managers best among top 10

Vinit Sambre of DSP Blackrock MF is the best fund manager, followed by Axis MF and Franklin Templeton managers, according to an analysis.

Aug 29, 2016

Infosys to split business into smaller units, says CEO Vishal Sikka

Infosys CEO Vishal Sikka announced the company's plan to decentralise its business at the analyst meet on Friday.

Aug 29, 2016

IT stocks fall on BSE, NSE; Wipro, Glaxo, Welspun hit new 52-week low

Shares of Infosys, TCS, Wipro and HCL Technologies were down on Monday; Welspun India hit new 52-week low on BSE.

Aug 29, 2016

Qatar National Bank gets regulatory approval to open branch in India

Opening a branch in India is in line with the bank's goal of strategic global expansion.

Aug 29, 2016

oil-rig-pumpjacks-also-known-as-thirsty-birds-extract-crude-from-the-wilmington-field-oil-deposits-area-where-tidelands-oil-production-company-which-is-owned-by-occidental-petroleum-corporation-operates-near-long-beach-california-in-this-july-30-2013

Oil prices fall on rising Iraq output, doubt over producer talks

Oil prices fell about 1 percent on Monday over Iraq's increased production; said it would only freeze output if its right to fully regain market share is recognized.

Aug 29, 2016

Paytm lets you buy milk and vegetables using your debit/credit cards

Paytm's parent firm One97 to raise $300 million from Goldman Sachs, Temasek, other investors

The fund will be divided between Paytm's various businesses, including e-commerce, online payment solutions and the yet-to-be launched payments bank.

Aug 28, 2016

Govt sets up Electropreneur Park to support electronic start-up culture in country

The government-funded Electropreneur Park in Delhi University will receive Rs. 21 crore funding to incubate 50 companies.

Aug 28, 2016

Coal India board approves deal with South African govt to acquire coal mines

The board's decision has been conveyed to the African firm to decide the date and place of inking the deal.

Aug 28, 2016

Reliance Communications, Aircel likely to sign merger agreement in September

Reliance Communication, Aircel merger is expected to create India's third largest telecom company with 196 million subscribers.

Aug 27, 2016

august car sales data bse nse share prices maruti tata motors suzuki hyundai ford honda mercedez toyota kirloskar tkm renault mahindra all gainers losers

August car sales data to influence stock markets next week

Maruti Suzuki, Tata Motors, Mahindra and unlisted firms Hyundai, Ford, Renault and Honda will release August car sales data on Thursday.

Aug 27, 2016

goa airport gmr new greenfield civil aviation state govt bjp

GMR pips Airports Authority of India, GVK, others to win Goa airport project

GMR won the bid for the North Goa airport project beating GVK, Airports Authority of India and Essel-Incheon.

Aug 27, 2016

Can Fin Homes shares gain 100% in 1 year, put PNB Housing Finance IPO in focus

Over a 52-week period, shares of Can Fin Homes have gained 100 percent even as PNB Housing Finance gears up for IPO.

Aug 27, 2016

Zika virus: FDA recommendstesting for all blood donated in U.S.

The U.S. Food and Drug Administration recommends that all blood donated in the United States and its territories be tested for Zika virus, as it moves to prevent transmission of the virus through the blood supply. The current Zika outbreak was first detected in Brazil last year and has since spread across the Americas. In Brazil, Zika has been linked to more than 1,800 cases of microcephaly, and U.S. officials expect as many as 270 cases in Puerto Rico, where local transmission of the virus is widespread. Testing of donated blood is underway in Florida, Puerto Rico, as well as in other areas of the United States, and has been proven helpful in finding infected donations.

Aug 27, 2016