Business news

Coal India Shares Fall 4% on Reports of 10% Stake Sale by Government

The Center is likely to offload 10% of its 89.65% stake in the coal major, in a bid to reach the disinvestment target and to help limit the fiscal deficit to 4.1%

Jan 12, 2015

Ajay Singh's SpiceJet Rescue Plan Expected to be Finalised by January-end

The beleaguered airline could see a new management on board by the end of the month, if the necessary approvals are received.

Jan 10, 2015

Box Going Public; Aims to Raise $187 Million in IPO

Box, the popular cloud storage startup, is all set to go public as it just kicked off its Initial Public Offering (IPO) road show announcing the price of its shares and making some amendments to its documents on Friday.

Jan 10, 2015

finance-minister-jaitley-rejects-raghuram-rajans-criticism-of-make-in-india

Jaitley: Major PSU Disinvestment before March 31, Govt Trying Hard To Limit Fiscal Deficit to 4.1%

Jaitley expresses hope that 2015 would be a much better year for the Indian economy, even as the government tries to deal with 'legacy of the past'.

Jan 10, 2015

Arun Jaitley and Raghuram Rajan at the Indira Gandhi Institute of Development Research

FM Jaitley, RBI Governor Rajan Stand United ahead of Budget 2015

Prime Minister Narendra Modi's government is expected to announce major reforms during the budget session.

Jan 10, 2015

SC Allows Sahara Group to Raise $1.05 Billion Loan to Secure Bail for Subrata Roy

The apex court allowed the scam-tainted Sahara Group raise $1.05bn in its bid to raise 10,000 crore bail amount, if the central bank approves the move.

Jan 9, 2015

talks-still-on-eager-to-keep-alliance-intact-rajiv-pratap-rudy-on-bjp-shiv-sena-alliance

Govt to Introduce National Skill Development Policy to Train 50 Crore People by 2020: Rudy

In a bid to tackle the problem of shortage of skilled workers, the government plans to introduce necessary skill development programmes.

Jan 9, 2015

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BSE closes points 183.67 up on Jan 9

New Delhi, Jan 9 (ANI): Trading at the Bombay Stock Exchange today closed 183.67 points up to stand at 27,458.38. At the National Stock Exchange the Nifty closed 49.90 points up to stand at 8,284.50. VIDEOCON INDUSTRIES LTD and PIPAVAVDOC were among the top gainers of Group A with an increase of 19.99% and 7.69% along with Edelweiss Financial Services Ltd. and HINDUSTAN UNILEVER LTD with an increase of 5.96% and 5.94% respectively, while the top losers of Group A include PMCFIN and ASHOK LEYLAND LTD with a decrease of 4.98% and 3.85% along with NTPC and DLF with a decrease of 3.31% and 3.26% at the close of the markets. The Auto sector is down 6.34 points at 18,835.27 while the banking sector is down 67.25 points at 21,346.24 and the reality sector is down 21.55 points at 1,531.95. The Indian currency is down 0.40% at Rs 62.42 per dollar.

Jan 9, 2015

infosys-posts-higher-than-expected-profit-keeps-annual-sales-growth-outlook

Infosys Beats Market Expectations, Net Profit Up 13% in Q3; Employees to Get 100% Bonus Payout

Infosys has maintained its annual sales growth guidance at 7-9 per cent.

Jan 9, 2015

J.C. Penney to Close Down 40 Stores in US, Cut 2,250 Jobs

J.C. Penney, the famous retailer announced on Thursday that it would close down 40 stores, constituting about 4 percent of its outlets, across the US this year.

Jan 9, 2015

Tata's Vistara Airlines Seeks To 'Do It Right'

India witnesses the return of the Tatas in the airline industry. Armed with domain knowledge and experience, their aviation company Vistara, a Tata Sons-Singapore Airlines joint venture, aims to redefine India's full-service airline industry.

Jan 9, 2015

After ONGC, Govt to Sell Stakes in GAIL and Oil India Ltd?

The subsidy sharing formula is being reworked to help limit the subsidy burden of the upstream companies.

Jan 9, 2015

Qatar Airways Group Chief Executive Officer Akbar Al Baker

Qatar Airways Eyes Indigo Stake; Seeks Larger Footprint in India

"It is extremely important for the Prime Minister to put the aviation growth in India as priority," Qatar Airways CEO Al Baker said.

Jan 8, 2015

Gold Imports Fall to 39 Tonnes in Dec; Exporters Seek Duty Drawbacks in Budget 2015

Post scrapping the 80:20 gold import/export scheme, gold import for December 2014 sharply to 39 tonnes.

Jan 8, 2015

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BSE closes points 365.89 up on Jan 8

New Delhi, Jan 8 (ANI): Trading at the Bombay Stock Exchange today closed 365.89 points up to stand at 27,274.71. At the National Stock Exchange the Nifty closed 132.50 points up to stand at 8,234.60. PIPAVAVDOC and BERGE PAINT were among the top gainers of Group A with an increase of 18.07% and 10.90% along with DELTA CORP LTD. and VOLTAS with an increase of 6.87% and 6.54% respectively, while the top losers of Group A include PMCFIN and HATHWAY with a decrease of 4.97% and 2.62% along with RELIGARE and FINOLEX INDUSTRIES LTD with a decrease of 2.56% and 2.15% at the close of the markets. The Auto sector is up 290.48 points at 18,825.01 while the banking sector is up 434.63 points at 21,413.49 and the reality sector is up 40.01 points at 1,553.73. The Indian currency is up 0.89% at Rs 62.61 per dollar.

Jan 8, 2015

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