Business news

Amazon Prime offers best deal on iPhones

Apple's revenue drops for the first time since 2003; slump in iPhone sales responsible?

The company's share value dropped 8 percent within hours of the announcement of Apple's second quarter results.

Apr 27, 2016

Chipotle freebies fail to overcome food safety fears; shares fall

Shares of the Denver-based burrito chain fell almost 5 percent after the first quarter results.

Apr 27, 2016

AT&T to invest $10 billion for global economic service

AT&T loses TV subscribers; profit beats expectations

AT&T has been seeking new revenue sources in an over saturated wireless market.

Apr 27, 2016

Twitter stock plunges after revenue misses estimates

Twitter shares plunged 13.6 percent to $15.34 in late trade on Tuesday after reporting lower-than-expected revenue.

Apr 27, 2016

Axis Bank reports marginal fall in net profit for March quarter

The fall in Axis Bank's net profit was due to 64 percent rise in provisioning for bad loans.

Apr 26, 2016

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

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Business news

Apple's revenue drops for the first time since 2003; slump in iPhone sales responsible?

Chipotle freebies fail to overcome food safety fears; shares fall

AT&T loses TV subscribers; profit beats expectations

Twitter stock plunges after revenue misses estimates

Axis Bank reports marginal fall in net profit for March quarter

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

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]