Business news

Spot gold steadies, but rate hike worries resurface

Prospects for higher interest rates were already helping the dollar revive from five-months lows touched last week.

Mar 22, 2016

Petrobras posts record loss as oil price slump forces writedowns

Petrobas had a consolidated net loss of 36.9 billion reais ($10.2 billion) in the fourth quarter, according to securities filing.

Mar 22, 2016

Marriott wins back Sheraton-owner Starwood with new offer

The bidding war for Starwood has pitted Marriott's ambitions to create the world's largest lodging company with about 5,700 hotels.

Mar 22, 2016

Indian bonds rally on rate cut expectations

Bonds yields have fallen to the lowest since 2013 over the government's prudent fiscal consolidation and deposit rate cuts on several small savings schemes.

Mar 21, 2016

HDFC Bank to declare Q4 results April 22

The fourth quarter results of Indian banks will be keenly watched for bad loans, provisioning and rate cuts.

Mar 21, 2016

Sensex crosses 25,000, Nifty above 7,700 on renewed hopes of rate cut

Hopes of a rate cut by the Reserve Bank of India increased after the government slashed small savings interest rates last Friday.

Mar 21, 2016

Investors vie for IDBI Bank's stake: Report

The IFC and CDC Group have been at the forefront of inspecting the bank's assets and liabilities and carry out due-diligence.

Mar 21, 2016

Lafarge India appoints investment bankers to initiate sale of cement units

Bids to buy Lafarge India's 11 million tonnes production capacity are expected from next week, the Business Standard reported.

Mar 21, 2016

Godrej Properties construction real estate

Godrej Properties sets up fund management unit, raises $ 275 million

Godrej Fund Management has raised the money from a group of investors led by Dutch pension fund asset manager APG Asset Management N.V.

Mar 21, 2016

Finnish firm Salcomp to set up 2 factories in India

Investment to the tune of Rs 130-150 crore would be required for the two factories, The Economic Times said.

Mar 21, 2016

Vijay Mallya, Chairman of Kingfisher Airlines

Mallya to consider employee dues, chart a new debt repayment offer

Mallya reportedly wants to stand up to his business leader credential, settle both Kingfisher Airlines loans and employee payments.

Mar 21, 2016

Alibaba plans to set up tech development centre in India by 2016-end

The talks between Alibaba, the Indian government and other partners are in "early stages."

Mar 21, 2016

Crude oil falls for second day as US rig count rises

U.S. energy firms last week added one oil rig after 12 weeks of cuts, according to data by industry firm Baker Hughes.

Mar 21, 2016

ZTE expands Blade series with Blade A910 and Blade V7 Max

US to offer China's ZTE 'temporary relief' on export curbs: Official

The department had said the license applications generally would be denied.

Mar 21, 2016

SWIFT to advise banks on security as Bangladesh hack details emerge

SWIFT staff will also begin calling banks to highlight the importance of reviewing security measures after the attack in Bangladesh.

Mar 21, 2016

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Business news

Spot gold steadies, but rate hike worries resurface

Petrobras posts record loss as oil price slump forces writedowns

Marriott wins back Sheraton-owner Starwood with new offer

Indian bonds rally on rate cut expectations

HDFC Bank to declare Q4 results April 22

Sensex crosses 25,000, Nifty above 7,700 on renewed hopes of rate cut

Investors vie for IDBI Bank's stake: Report

Lafarge India appoints investment bankers to initiate sale of cement units

Godrej Properties sets up fund management unit, raises $ 275 million

Finnish firm Salcomp to set up 2 factories in India

Mallya to consider employee dues, chart a new debt repayment offer

Alibaba plans to set up tech development centre in India by 2016-end

Crude oil falls for second day as US rig count rises

US to offer China's ZTE 'temporary relief' on export curbs: Official

SWIFT to advise banks on security as Bangladesh hack details emerge

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]