Business news

ABB India posts Q1 net profit of Rs. 71 crore

ABB India also reported highest quarterly revenue of Rs. 2,000 crore for the quarter ended March 2016.

Apr 26, 2016

Bombay Stock Exchange BSE indian stock markets equitas holdings small bank

SpiceJet spurts by more than 10% on BSE

The reasons for the sudden increase in the share price of SpiceJet, the fourth-largest Indian airline company, were not known.

Apr 26, 2016

UltraTech Cement reports higher capacity utilisation, net profit for March quarter

UltraTech Cement capacity utilisation rose 5 percent to 84 percent, enabling it to post higher revenues and net profit for the quarter.

Apr 26, 2016

US approves Charter's Time Warner Cable buy with conditions

The Justice Department's approval carried conditions designed to protect competition coming at a time when the pay television industry faces stagnation.

Apr 26, 2016

Standard Chartered's assets sale draws lukewarm response from buyers

SSG Capital Management Ltd, a distressed asset investor, is the only firm in talks to buy Standard Chartered's assets, Mint reports.

Apr 25, 2016

Asia stocks, dollar edge lower as markets await Fed, Bank of Japan meetings

Japan's Nikkei stock index shed about 0.5 percent as the yen pulled off its lows.

Apr 25, 2016

Bombardier says Iranian sales talks progress, denies new airline

Bombardier Executive Chairman Pierre Beaudoin said no deal has been reached yet on sales with Iranian customers.

Apr 25, 2016

Oil falls as traders cash in after three weeks of gains

Analysts said the price drops were a result of cashing in after three weeks of rising prices.

Apr 25, 2016

DGCA considers relaxing aircraft importing norms

Domestic carriers will now be able to import aircraft as much as 18 years old.

Apr 24, 2016

Jet Airways, JetLite get shareholders' nod for merger

According to Jet Airways, the merger would result in greater efficiency from the merged entity.

Apr 24, 2016

Volkswagen positive of China sales, plans more investments with JV partners

Volkswagen also plans to invest â‚¬4 billion ($4.49 billion) with its joint-venture partners in China this year.

Apr 24, 2016

Reliance Jio 4G launch in India: Commercial rollout finally begins next month with free calls and data

Reliance Jio on track to launch 4G services, says RIL

Reliance Jio Infocomm, the telecom arm of Mukesh Ambani-controlled Reliance Industries Limited, gave the information in a presentation.

Apr 23, 2016

Gold, silver prices fall in India on low demand, global cues

Gold prices declined by Rs. 225 per 10 gm and silver was down Rs. 150 per kg on Saturday in Delhi bullion market.

Apr 23, 2016

Vedanta Group company Cairn India posts record loss of Rs. 10,948 crore in fourth quarter

Cairn India's loss was due to a one-time impairment charge of Rs. 11,674 crore on account of fall in crude oil prices, it said.

Apr 23, 2016

Dell SecureWorks, 2016's first tech IPO, fizzles on Wall Street

SecureWorks priced below its indicated range and opened the day even lower; it also cut the number of shares it was offering from 9 million to 8 million.

Apr 23, 2016