Business news

Reliance Defence to raise up to Rs. 1,200 crore via rights issue

Reliance Defence and Engineering, an Anil Ambani Group company, plans to utilise the proceeds to retire debt and augment resoruces.

Apr 22, 2016

Kingfisher and UB Group chairman Vijay Mallya

Mallya claimed salary, other perks as Rajya Sabha MP

Mallya, whose term as an MP ends in July 2016, claimed constituency allowance, telephone and office expenses regularly.

Apr 22, 2016

India's 2nd-biggest defaulter Winsome gives back a pittance as repayment

The gold and diamond house repaid just $150,000 out of the over-$1 billion in outstanding loan to Indian banks, says Economic Times.

Apr 22, 2016

Singapore Airlines arm Scoot to start operations in India

Scoot would operate round-trips from Chennai and Amritsar to Singapore from May 24, whereas flights to and from Jaipur would begin on Oct. 2.

Apr 22, 2016

Gold, silver outperform Sensex in 2016

Gold and silver prices have risen 17.36 percent and 21.17 percent since Jan. 1, while Sensex had declined 1 percent.

Apr 22, 2016

Wipro ADRs plunge more than 4% on Nasdaq, NYSE in response to downbeat Q4 results

In sharp contrast to Wipro, Infosys ADRs rose more than 8 percent after its upbeat Q4 results and FY2017 guidance.

Apr 22, 2016

British govt offers to buy stake in debt-ridden Tata Steel

Up to 40,000 jobs in the UK could be saved if the government's plan to to partly nationalise Tata Steel's UK business works out finally.

Apr 22, 2016

Vijay Mallya makes a new settlement offer of Rs. 6,868 crore

Mallya told the Supreme Court Rs. 1,591 crore could be deposited upfront by selling off shares in United Spirits and Airbus.

Apr 22, 2016

Microsoft revenue, profit misses estimates

Two of Microsoft's three major businesses showed lower operating profits led by intelligent cloud division.

Apr 22, 2016

Google's parent Alphabet results hit by rising traffic costs, strong dollar

The results, which were also hit by the strong dollar, drove shares of the Web search company down 6 percent in late trading Thursday.

Apr 22, 2016

Oil: Three reasons why you should invest in oil companies despite Doha failure

Despite the Doha Opec meeting failing to freeze oil output, there are many reasons why oil prices can recover.

Apr 21, 2016

Bombay Rayon Fashions directors embezzled Rs. 1.90 crore in alleged PF fraud

Three directors of Bombay Rayon Fashions allegedly misappropriated Rs. 1.90 crore belonging to their employees' provident fund.

Apr 21, 2016

Dredging Corp of India awaits Rs. 20,000 crore business opportunity: Analyst

State-run Dredging Corporation of India is expected to benefit from initiatives such as "Sagarmala" and "Clean Ganga."

Apr 21, 2016

TCS added more employees than Wipro and Infosys put together in FY16

Tata Consultancy Services Limited added 34,187 employees on a net basis, more than 17,857 by Infosys and 14,695 by Wipro in 2015-16.

Apr 21, 2016

SEBI grants conditional nod to RBL Bank IPO

The Kolhapur-based bank is planning to raise about Rs. 1,100 crore through the proposed IPO.

Apr 21, 2016

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Business news

Reliance Defence to raise up to Rs. 1,200 crore via rights issue

Mallya claimed salary, other perks as Rajya Sabha MP

India's 2nd-biggest defaulter Winsome gives back a pittance as repayment

Singapore Airlines arm Scoot to start operations in India

Gold, silver outperform Sensex in 2016

Wipro ADRs plunge more than 4% on Nasdaq, NYSE in response to downbeat Q4 results

British govt offers to buy stake in debt-ridden Tata Steel

Vijay Mallya makes a new settlement offer of Rs. 6,868 crore

Microsoft revenue, profit misses estimates

Google's parent Alphabet results hit by rising traffic costs, strong dollar

Oil: Three reasons why you should invest in oil companies despite Doha failure

Bombay Rayon Fashions directors embezzled Rs. 1.90 crore in alleged PF fraud

Dredging Corp of India awaits Rs. 20,000 crore business opportunity: Analyst

TCS added more employees than Wipro and Infosys put together in FY16

SEBI grants conditional nod to RBL Bank IPO

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]