Business news

India Inc Raises Record $19bn in 2014; India's External Debt Crosses $500bn

India Inc forex debt issuance finds acceptance in investor community, a record $19bn raised in 2014.

Dec 22, 2014

SpiceJet To See Ajay Singh Again? Shares Rally 20%

SpiceJet's co-founder is said to be interested to buy back the airline and to infuse much needed capital in association with financial majors and PE funds ₹

Dec 22, 2014

Xiaomi Redmi 1S Successor Release Date, Specs and Price Details Leaked

Xiaomi Raises $1 billion in Fresh Fundraising; Firm Now Valued at $45 Billion

Xiaomi, the third-largest smartphone maker in the world and the largest in China, has reportedly managed to raise $1 billion in its latest round of funding, which now values the company at $45 billion.

Dec 22, 2014

Oil Prices Spike to $63, Investors Confident of Prices Staying at $60 Level

Brent crude prices increased 2 percent to $63 on Monday as investors believed that prices would remain around $60 for the rest of the year. News of the spike comes right after Saudi Arabia defended its decision to not impose any cuts on oil production and said they would stick to it.

Dec 22, 2014

India, Russia Close in on Kamov-226T Helicopter Deal

India and Russia are close to finalizing the Kamov-226T helicopter deal, which would see India manufacture up to 400 helicopters a year, for local and export markets

Dec 22, 2014

China Investigating Stock Market Manipulation

China's top authorities are reportedly investigating a possible price manipulation in the stock market.

Dec 22, 2014

GoAir's 1.7 million seats up for grabs; fares start at ₹1,469

Mumbai-based budget airline, GoAir upped its ante, seeks volumes for January to March 'lean' quarter

Dec 22, 2014

Centre to Raise ₹14,900 crore Via 5% Stake Sale in ONGC; Retail Allocation at 20%

The Central government is all set to divest 5% of its holdings in the oil and petroleum explorer, ONGC, helping raise ₹14,900 crore.

Dec 22, 2014

Alibaba and Sony Were in Talks of Co-investing in Some Hollywood Movies; Sony Hacks Reveal

A set of leaked emails in the Sony Pictures hacking incident revealed that Alibaba Holdings, Asia's largest internet company, expressed its interest in investing in Hollywood with Sony Studios.

Dec 20, 2014

Instagram is Now Worth $35 Billion, Citigroup Analysts Say

Instagram, the photo-sharing social media website owned by Mark Zuckerberg, is now valued at $35 billion, according to some analysts of Citigroup.

Dec 20, 2014

Staples Data Breach Impacts 115 Stores and 1.16 Million Customers

Staples Inc announced that more than 1.16 million customers could be affected in the massive data breach that exposed credit and debit card data of shoppers who used their cards in 115 stores around America from August 10 to September 16 2014.

Dec 20, 2014

Market Expert welcomes step as SEBI bars 260 entities for money laundering & tax evasion

New Delhi, Dec 20 (ANI): Market Expert Sunil Shah on Saturday welcomed the step as The Securities and Exchange Board of India (SEBI) banned 260 entities, including two companies, their promoters, brokers and a clutch of investors, from accessing the securities markets. The SEBI has accused them of misusing the stock exchanges to generate long-term capital gains of around Rs 485 crore, thus converting unaccounted cash into legitimate money. While SEBI would further probe these cases, it has also decided to refer the matter to the Income Tax Department, Enforcement Directorate, Financial Intelligence Unit, among other agencies, for necessary actions on their part. Shah said that this will make Indian market more transparent and trust worthy.

Dec 20, 2014

Cancelling 'The Interview' could Cost Sony Pictures up to $80 Million

With security and litigation costs, the studio would have to shell out something about $200 million and above.

Dec 20, 2014

Unilever Drops Lawsuit against Hampton Creek Mayonnaise

Unilever PLC, the famous consumer goods giant, announced on Thursday that it was dropping a mislabeling lawsuit against San Francisco-based food startup Hampton Creek Foods.

Dec 19, 2014

BSE closes points 245.27 up on Dec 19

New Delhi, Dec 19 (ANI): Trading at the Bombay Stock Exchange today closed 245.27 points up to stand at 27,371.84. At the National Stock Exchange the Nifty closed 65.90 points up to stand at 8,225.20. NCC and GUJARAT GAS CO.LTD.were among the top gainers of Group A with an increase of 10.60% and 10.54% along with JSW ENERGY and ATUL with an increase of 9.55% and 8.62% respectively, while the top losers of Group A include Vakrangee Ltd. and IIFL with a decrease 19.14% and 8.45% along with POLARIS and TORNT POWER with a decrease of 6.77% and 6.70% at the close of the markets. The Auto sector is down 23.33 points at 18,366.56 while the banking sector is down 159.61 points at 21,146.99 and the reality sector is down 11.86 points at 1,498.95. The Indian currency is down 0.11% at Rs 63.18 per dollar.

Dec 19, 2014