Business news

CCI Imposes ₹2,500 Crore Fine on 14 Car Makers for Anti-Competitive Practices

According to CCI's investigation, car makers restricted the access to spare parts, which led to surge in the price of auto-components.

Aug 27, 2014

BSE closes points 5.79 up on August 26

New Delhi, August 26 (ANI): Trading at the Bombay Stock Exchange today closed 5.79 points up to stand at 26,442.81. At the National Stock Exchange the Nifty closed 1.55 points down to stand at 7,904.75. HAVELLS and BAJAJ FINSERV LTD were among the top gainers of Group A with an increase of 9.40% and 5.08% along with PIDILITE INDUSTRIES LTD and GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD. with an increase of 4.90% and 4.08% respectively, while the top losers of Group A include RPOWER and ADANIPOWER with a decrease of 6.79% and 6.44% along with JINDALSTEL and JPPOWER with a decrease of 6.16% and 5.41% at the close of the markets. The Auto sector is up 4.69 points at 17,110.96 while the banking sector is down 42.62 points at 17,895.77 and the reality sector is down 0.82 points at 1,785.03. The Indian currency is up 0.11% at Rs 60.50 per dollar.

Aug 26, 2014

Real Estate Developer PACL to Appeal SEBI's Order to Refund $8.1 billion

The company on Monday convinced its investors through notice that their funds were safe.

Aug 26, 2014

Karbonn Mobiles Aims to Expand and Go Public in Two Years

The Bangalore-based company ranks behind Samsung and Micromax in India and sources its phones from China, Taiwan and Korea.

Aug 26, 2014

BSE closes points 17.47 up on August 25

New Delhi, August 25 (ANI): Trading at the Bombay Stock Exchange today closed 17.47 points up to stand at 26,437.02. At the National Stock Exchange the Nifty closed 6.90 points down to stand at 7,906.30. EMAMI LTD. and MAX were among the top gainers of Group A with an increase of 6.27% and 4.47% along with INDIAN HOTELS CO.LTD. and TTKPRESTIGE with an increase of 3.07% and 2.77% respectively, while the top losers of Group A include JINDAL STEEL and POWER LTD. and HINDALCO with a decrease of 15.14% and 9.91% along with NATIONALUM and TATASTEEL with a decrease of 6.89% and 5.20% at the close of the markets. The Auto sector is up 59.51 points at 17,093.78 while the banking sector is down 161.80 points at 17,950.03 and the reality sector is down 36.62 points at 1,785.85. The Indian currency is up 0.07% at Rs 60.50 per dollar.

Aug 25, 2014

Adani to Invest $2 Billion in Odisha Power Plant

Gautam Adani has planned to invest $2 billion for a 2,500 megawatt power plant at Angul district in Orissa.

Aug 25, 2014

From 'Software Engineers' to 'Product Managers': 10 Best Paying Jobs at Google

From the software engineers to product managers, there are employees working for this giant search engine, who earns a good salary.

Aug 25, 2014

A news producer sits inside a news studio

NDTV Says Adani Buy Rumours Baseless

Some reports suggest that the Adani Group has arrived at a valuation of ₹600 crore to buy out NDTV.

Aug 25, 2014

All Coal Block Allocations Since 1993 are Illegal: Supreme Court

All coal block allocations since 1993 are illegal and licenses of mining companies involved will be cancelled.

Aug 25, 2014

Sahara Investors can Apply for Refunds by 30 September, Says SEBI

The Securities and Exchange Board of India (SEBI) has released a new application form for Sahara's investors, who can apply for refunds of their investments by 30 September.

Aug 25, 2014

ITC Replaces TCS as India's Most Admired Company

ITC has been ranked first among 45 most admired companies in India for 2014 by Fortune magazine.

Aug 24, 2014

SEBI Asks PACL to Refund ₹49,000 Crore and Stop Raising Money from Investors

This step is the biggest crackdown on a large scale unlawful scheme after the Saradha Scam and is over twice the size of Sahara's illicit scam.

Aug 23, 2014

Kerala and Uruguay: One Weeds Out Alcohol, Other Welcomes Marijuana - Both in the Name of Societal Benefits

Kerala seems to be headed towards the non-alcoholic way – the Gujarat way.

Aug 23, 2014

Jignesh Shah Granted Bail on Cash Surety of ₹5 lakh; NSEL Scam Timeline

The NSEL scam is estimated to be a ₹5,600 crore fraud that came to light after the National Spot Exchange failed to pay its investors.

Aug 23, 2014

BSE closes points 59.44 up on August 22

New Delhi, August 22 (ANI): Trading at the Bombay Stock Exchange today closed 59.44 points up to stand at 26,419.55. At the National Stock Exchange the Nifty closed 22.10 points up to stand at 7,913.20. Financial Technologies (India) Ltd. and UPL were among the top gainers of Group A with an increase of 5.00% and 4.56% along with UNIONBANK and Jubilant Food Works Ltd with an increase of 3.69% and 3.43% respectively, while the top losers of Group A include BHUSHAN STEEL LTD. and JAIPRAKASH ASSOCIATES LTD. with a decrease of 4.97% and 3.98% along with SOBHA and MMTC with a decrease of 3.90% and 3.78% at the close of the markets. The Auto sector is up 13.62 points at 17,034.27 while the banking sector is up 199.03 points at 18,114.53 and the reality sector is down 16.49 points at 1,821.03. The Indian currency is down 0.3% at Rs 60.49 per dollar.

Aug 22, 2014