Business news

Market Cap April 30, 2016

TCS, HDFC Bank, ONGC add Rs. 34,256 crore to market cap last week

TCS, which added Rs. 22,236 crore to its market capitalisation, was the biggest gainer of the week.

May 1, 2016

tablets-on-display

Global tablet shipments witness steep decline in Q1 2016: Report

with a total shipment of 10,3 million units, Apple tops the global tablet-makers list in the first quarter of 2016.

May 1, 2016

Income Tax Payers

Only 0.06 percent of tax payers earned over Rs.1 crore a year in FY12

According to the income tax data, revealed after 15 years, there were 2.8 crore individual tax assessees during 2011-12.

Apr 30, 2016

Kingfisher Airlines

Kingfisher Airlines' brand, trademarks find no takers: Report

The company's logo and trademarks, including the popular tagline "Fly the Good Times," were all up for grabs.

Apr 30, 2016

HDFC Bank India

HDFC Bank to raise Rs. 50,000 crore via private placement mode

Mumbai-based private sector lender HDFC Bank will seek shareholders' approval for the purpose.

Apr 30, 2016

New Vodafone Red plans launched

Vodafone chooses bankers for its India IPO

The stock offering of up to $3 billion could potentially be the country's largest initial public offer overtaking Coal India's $2.3 billion in 2010.

Apr 30, 2016

Oil ends steady near $50; best monthly gain in Brent in seven years

A weaker dollar and optimism that a global oil glut will ease have lifted crude futures by more than $20 a barrel since they plumbed 12-year lows below $30 in the first quarter.

Apr 30, 2016

5th Avenue-like Apple Stores coming to India

Apple's stock suffers worst week since 2013

Shares of Apple, a mainstay of many Wall Street portfolios and the largest component of the Standard & Poor's 500 index, have dropped 11 percent in the past five sessions.

Apr 30, 2016

IndiGo

IndiGo-owner Interglobe Aviation net profit remains flat in March quarter

Interglobe Aviation, which owns budget carrier IndiGo, reported net profit of Rs. 579 crore, up 0.3 percent, YoY.

Apr 29, 2016

Marico retail shops retail stores retail showroom FMCG

Marico Q4 net income rises 26% on higher sales, gains from Goa plant sale

Mumbai-based consumer goods company Marico reported net profit of Rs. 138.43 in the fourth quarter ended March 2016.

Apr 29, 2016

ICICI Bank

ICICI Bank Q4 net profit plunges due to Rs. 6,926 crore provisioning

ICICI Bank's provisioning for bad loans includes exceptional provisioning of Rs. 3,600 crore, pulling its standalone net profit to Rs. 701.89 crore.

Apr 29, 2016

Air India

Air India expects to cut down losses by half to Rs. 2,636 crore for FY16

The state carrier, currently surviving on a Rs. 30, 231-crore bailout package, reported losses of Rs. 5,859.91 crore in 2014-15.

Apr 29, 2016

Walmart

Walmart may sell food in India through online and offline stores

The world's largest retailer's plans come after the government announced it would be allowing 100% FDI in retail.

Apr 29, 2016

Jindal Steel and Power (JSPL)

JSW Energy-JSPL's Chhattisgarh power plant deal put on back-burner

Differences emerging between JSPL and JSW Energy is the main reason behind the deal being delayed, the Economic Times reports.

Apr 29, 2016

Facebook in class of its own as ad revenue soars

Facebook's shares, which touched a record high of $120.79 on Thursday, closed up 7.2 percent at $116.73.

Apr 29, 2016

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