Business news

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Vistara plans to commence international services by June 2018

Phee Teik Yeoh, CEO of Vistara, gave the tentative deadline in two separate interviews.

Jun 22, 2016

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Receding Brexit sentiments push gold prices to a two-week low: Report

Wednesday's fall in gold prices was the biggest in nearly a month, after the yellow metal had touched a two-year high last week.

Jun 22, 2016

SoftBank appoints telecom operations head Ken Miyauchi in place of Nikesh Arora

Nikesh Arora quit SoftBank as president and COO on Tuesday but will continue for a month in an advisory role.

Jun 22, 2016

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Rain in Brazil brings cheer to Indian coffee market; global prices at 13-month high

Coffee prices have risen globally in the wake of rain in world's largest producer, Brazil, boosting shares of Indian coffee firms.

Jun 22, 2016

India's 26 state-run banks to create 6 large lenders after merger

The move will set the stage for the government's ambitious plan of consolidating India's 26 public sector banks to six big lenders.

Jun 22, 2016

nikesh arora softbank resigns controversy

SoftBank's Nikesh Arora and RBI's Raghuram Rajan have similar impact on stock markets

Shares of SoftBank Group rose on Wednesday, a day after Arora quit, just as the Sensex gained on Rajan's decision to exit RBI.

Jun 22, 2016

Bidders line up for McDonald's Hong Kong, China sale

Sources familiar with the sale told Reuters that the deal is worth $3 billion.

Jun 22, 2016

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India cigarette maker ITC's CEO Deveshwar to step down next year

ITC's board had "strongly urged" Deveshwar to continue as CEO, but he wanted the company to have a younger leader.

Jun 22, 2016

Vijay Mallya resigns as chairman of Bayer CropScience

Over the last four months, Mallya resigned from the boards of Sanofi India, United Spirits and was expelled from India's Rajya Sabha.

Jun 21, 2016

SoftBank's Nikesh Arora resigns a day after clean chit over conflict of interest charges

An in-house probe cleared Arora after a group of investor alleged his investments and him being an adviser at a private equity firm were at conflict.

Jun 21, 2016

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Brexit fears, not Rexit, spoil the party at Indian stock markets

After gaining 240 points on Monday despite Rexit, the Sensex lost 55 points on Tuesday on Brexit fears and profit-booking.

Jun 21, 2016

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Gold prices could rise almost 10% on Brexit: Report

If Britain decides to exit (Brexit) the European Union, gold prices could appreciate by more than $100 to hit $1,400 an ounce.

Jun 21, 2016

Tata Communications looking to sell Indicash ATM business

The company is apparently targeting a valuation of approximately Rs. 1,000-1,350 crore from the sale.

Jun 21, 2016

Yes Bank plans raising $1 billion through QIP

The lender bank has hired Goldman Sachs to raise the amount.

Jun 21, 2016

Wal-Mart to sell China online unit to JD.com for a 5% stake

Under the deal, JD.com will issue about 145 million new class A shares to Wal-Mart, worth about $1.5 billion at JD.com's current valuation.

Jun 21, 2016

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Business news

Vistara plans to commence international services by June 2018

Receding Brexit sentiments push gold prices to a two-week low: Report

SoftBank appoints telecom operations head Ken Miyauchi in place of Nikesh Arora

Rain in Brazil brings cheer to Indian coffee market; global prices at 13-month high

India's 26 state-run banks to create 6 large lenders after merger

SoftBank's Nikesh Arora and RBI's Raghuram Rajan have similar impact on stock markets

Bidders line up for McDonald's Hong Kong, China sale

India cigarette maker ITC's CEO Deveshwar to step down next year

Vijay Mallya resigns as chairman of Bayer CropScience

SoftBank's Nikesh Arora resigns a day after clean chit over conflict of interest charges

Brexit fears, not Rexit, spoil the party at Indian stock markets

Gold prices could rise almost 10% on Brexit: Report

Tata Communications looking to sell Indicash ATM business

Yes Bank plans raising $1 billion through QIP

Wal-Mart to sell China online unit to JD.com for a 5% stake

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]