Business news

Below 69, rupee may depreciate to 73 against US dollar: Sharekhan

The rupee has declined by 3.5 percent against the greenback so far this year.

Feb 24, 2016

Kotak Mahindra Bank buys stake worth Rs 98.38 crore in Airtel M Commerce

Kotak partnered with Bharti Airtel in January last year before the RBI started shortlisting candidates for payments bank services.

Feb 24, 2016

Rail Budget 2016: Where to watch live whether railway ministry increases passenger fares

Railway Minister Suresh Prabhu will present the Railway Budget 2016 in Parliament Thursday.

Feb 24, 2016

Nestle India may take up to 3 years to recover from Maggi ban impact: Report

Nestle's Asia head said the company reported 0.5 percent growth for its 2015 earnings, impacted by the Maggi ban.

Feb 24, 2016

Rocket Internet in talks with Future Group to sell FabFurnish

A report by The Economic Times said that FabFurnish could be sold for $5-10 million.

Feb 24, 2016

Budget session: Congress attacks BJP over JNU row in Lok Sabha; Rohith Vemula suicide issue disrupts Rajya Sabha

The Rajya Sabha has been adjourned four times due to uproar.

Feb 24, 2016

Standard Chartered posts Rs 6,729 crore loss in India in 2015

The bank's losses were mainly led by a sharp increase in provisions made to cover credit risks.

Feb 24, 2016

Silver Run raises $450 million in IPO to buy energy companies

Silver Run said it had priced 45 million shares at $10 each, selling 5 million more shares than it originally planned.

Feb 24, 2016

Plastic in Snickers bar prompts Mars recall in 55 countries

The recall, in effect since Monday, follows a Jan. 8 complaint from a consumer in Germany who found red plastic in a Snickers bar.

Feb 24, 2016

Vistara to reduce business class seats to boost load factor

Vistara had a market share of just 1.3 percent in the domestic passenger traffic in December last year.

Feb 23, 2016

Sensex, Nifty snap four-day winning streak, correct sharply

The S&P BSE Sensex and NSE Nifty saw a skewed advance-decline ratio, with Asian Paints being the only gainer on Nifty 50.

Feb 23, 2016

Gold imports likely to slump to 2-year low in February

Jewellers and retail consumers are waiting for a correction in gold prices amid hopes of a cut in import duty in the upcoming budget.

Feb 23, 2016

Paytm lets you buy milk and vegetables using your debit/credit cards

Infosys, Wipro, TCS, Oracle eye Paytm's IT-outsourcing contract: Report

The contract is valued at about Rs 125 crore, says an ET report.

Feb 23, 2016

Zika virus: Bill Gates says response better than for Ebola

The Bill and Melinda Gates Foundation has turned its attention to the Zika virus outbreak, and its founders said the response to the crisis, which appears to be linked to devastating birth defects in South America, has been better than for the 2014 Ebola outbreak in Africa.

Feb 23, 2016