Business news

Government rules out stake sale in Air India

In a written reply to Parliament, Minister of State for Civil Aviation Mahesh Sharma denied moves to sell stake in Air India, reports PTI.

Apr 26, 2016

SC rejects Mallya's NRI argument, directs to disclose all assets overseas

The businessman had previously cited an Income Tax Act provision that allows NRIs not to disclose their assets overseas.

Apr 26, 2016

Alibaba's Ant Financial raises $4.5B in biggest fundraising by a private internet company

The latest round of funding puts Ant Financial's valuation at around $60 billion, sources tell.

Apr 26, 2016

Sensex gains 328 points, closes above 26,000

Benchmark index Sensex gained more than one percent on a slew of positive news.

Apr 26, 2016

Set up committee to look into PSU banks' write-offs, SC asks govt

A public interest litigation highlighted huge differences in the write-offs reported by banks individually and the RBI.

Apr 26, 2016

The Plaza, New York, partly owned by the Sahara Group

Market regulator hires HDFC Realty and SBI Capital to sell Sahara's real-estate assets

The two companies have been assigned the task of selling 30 properties each of the Sahara Group, the Economic Times reports.

Apr 26, 2016

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

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Business news

Government rules out stake sale in Air India

SC rejects Mallya's NRI argument, directs to disclose all assets overseas

Alibaba's Ant Financial raises $4.5B in biggest fundraising by a private internet company

Sensex gains 328 points, closes above 26,000

Set up committee to look into PSU banks' write-offs, SC asks govt

Market regulator hires HDFC Realty and SBI Capital to sell Sahara's real-estate assets

ABB India posts Q1 net profit of Rs. 71 crore

SpiceJet spurts by more than 10% on BSE

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

US approves Charter's Time Warner Cable buy with conditions

Standard Chartered's assets sale draws lukewarm response from buyers

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

Bombardier says Iranian sales talks progress, denies new airline

Oil falls as traders cash in after three weeks of gains

DGCA considers relaxing aircraft importing norms

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]