Business news

Tata Steel to Pay ₹193.34 Crore Bonus to over 30,000 Employees

Tata Steel will pay ₹193.34 crore to 30,269 eligible employees with minimum payout of ₹20,498 for the year to each employee in 2013-14.

Sep 8, 2014

Alibaba's IPO Nears, Plans to raise around $24 billion

Alibaba's Initial Public Offering would be the largest ever on US listed company to value about $163 billion.

Sep 6, 2014

Amazon Black Friday 2014 Deals: Everything To Know About The Biggest Annual Sale

Amazon India comes under Probe for possible violations of FDI rules

ED suspects that Amazon may have been violating rules by selling directly to customers

Sep 6, 2014

Raghuram Rajan speaks during a news conference on the World Economy Outlook in Singapore September 14, 2006.

RBI Governor Raghuram Rajan's First Year: Actions and Impact

After Rajan became RBI governor, the rupee gained, inflation slid and economic output got stronger

Sep 6, 2014

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BSE closes points 59.23 down on September 5

New Delhi, Sept 5 (ANI): Trading at the Bombay Stock Exchange today closed 59.23 points down to stand at 27,026.70. At the National Stock Exchange the Nifty closed 9.10 points down to stand at 8,086.85. WOCKHARDT LTD. and NATIONALUM were among the top gainers of Group A with an increase of 13.37% and 8.73% along with BHUSHAN STEEL LTD. and DLF with an increase of 4.96% and 4.87% respectively, while the top losers of Group A include JAIPRAKASH ASSOCIATES LTD. and JPINFRATEC with a decrease of 11.41% and 7.23% along with SUZLON and IFCI with a decrease of 4.25% and 4.24% at the close of the markets. The Auto sector is down 115.46 points at 17,573.42 while the banking sector is down 55.75 points at 18,298.00 and the reality sector is up 20.08 points at 1,765.41. The Indian currency is up 0.12% at Rs 60.43 per dollar.

Sep 5, 2014

India Hopes Oz Nuclear Deal will Boost Power Supply after Adding 10 Power Plants, Industries Keen

After the deal, Indian government hopes to increase its nuclear capacity to 63,000 MW by 2032 by adding 10 more reactors with an estimated cost of $85 billion.

Sep 5, 2014

Apple Shares plunge ahead of iPhone 6 launch

Apple Inc shares have been slipping since Wednesday ahead of the launch of its latest iPhone model on 9 September. The stocks have touched its lowest figure since 28 January.

Sep 4, 2014

DLF Shares Plunge After High Court Cancels 350- acre Land Allotment in Gurgaon

Following the judgment, the stock price of each DLF share slipped 10% and was offered for ₹163.10 per share at 2.30 pm on Thursday.

Sep 4, 2014

Lantern Days Back in India? Power Plants Left with 2 Days of Coal Stock

Currently no solution for low coal stocks. Government is yet to arrange for import of coals: CIL official

Sep 4, 2014

Ex-New York Mayor to Return as Head of Bloomberg LP

Michael Bloomberg is returning to lead the financial data and news company he founded in 1981 but left to serve three terms in City Hall.

Sep 4, 2014

McDonald's Franchise Owner Buys Mumbai's Nepean Sea Road Bungalow for ₹175 crore

A century old three-story building named Razak Haven at Nepean Sea Road in South Mumbai has been sold for Rs.175 crore

Sep 3, 2014

Supreme Court Rejects Kingfisher Airlines' Plea for Legal Representation

The Supreme Court on Tuesday disapproved a plea from debt-hit Kingfisher Airlines to be allowed legal representation before the grievance redressal committee set up by United Bank of India, after the bank declared it as wilful defaulter on Monday.

Sep 2, 2014

Kingfisher and UB Group chairman Vijay Mallya

Kingfisher, Mallya Declared 'Wilful Defaulter' by UBI

Kolkata-based UBI on Monday declared Kingfisher Airlines owner Vijay Mallya as 'wilful defaulter'.

Sep 2, 2014

Car Sales Surge, Industry Expects 12% Boost this Festive Season

experts believe that recent decline in international rubber prices is also a factor that might boost the Indian automobile industry.

Sep 2, 2014

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BSE closes points 229.44 up on September 1

New Delhi, Sept 01 (ANI): Trading at the Bombay Stock Exchange today closed 229.44 points up to stand at 26,867.55. At the National Stock Exchange the Nifty closed 73.35 points up to stand at 8,027.70. ABB and UNITECH were among the top gainers of Group A with an increase of 10.42% and 9.43% along with APOLLOTYRE and ANDHRABANK with an increase of 8.93% and 6.72% respectively, while the top losers of Group A include BHUSHAN STEEL LTD and GMDC LTD. with a decrease of 4.98% and 2.41% along with Bajaj Finance Limited and GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD. with a decrease of 2.30% and 2.12% at the close of the markets. The Auto sector is up 254.31 points at 17,547.96 while the banking sector is up 322.80 points at 18,326.48 and the reality sector is up 46.95 points at 1,774.39. The Indian currency is up 0.07% at Rs 60.49 per dollar.

Sep 1, 2014

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