Business news

a-passenger-outside-the-spicejet-airlines-ticket-counter-at-the-domestic-airport-on-the-outskirts-of-agartala

Maran to Sell Majority Stake in SpiceJet, 10% Salary Hike after 3 Years

The airline posted a loss of ₹1,003.24 crore in the previous financial year.

Aug 8, 2014

RCom Receives ₹650 Cr from Promoter Group Telecom

Reliance Communications on Thursday announced that it has received the first instalment of Rs 650 crore from Telecom Infrastructure Finance.

Aug 7, 2014

Adani Likely to Join Hands with IOC for Mundra Port Oil Refinery Project

The Adani Group and Indian Oil Corporation are in talks to build an Rs.30, 000 crore joint venture project with a capacity of 30 million tonne refinery at Mundra Port in Gujarat.

Aug 7, 2014

Raghuram Rajan, governor of Reserve Bank of India. (Reuters)

Raghuram Rajan Warns of 'Another Crash' in Global Financial Markets

India's Central Bank Chief Warns of 'Another Crash' in Global Financial Markets

Aug 7, 2014

RBI Tightens Regulatory Norms for Asset Reconstruction Firms

Additionally the apex bank has also asked these companies to disclose the recoveries made under each asset that they acquire.

Aug 7, 2014

Luxury Brand LVL XIII Takes Legal Action Against Fashion Brand Louis Vuitton

Fashion industry's emerging firm LVL XIII Brands, has initiated legal action against one of the largest fashion brands Louis Vuitton for Trademark violation.

Aug 7, 2014

Sensex, Nifty Slumps; IT Stocks Surge

The benchmark Sensex closed 0.94 percent lower at 25660.84 points and the broader Nifty ended 0.96 percent lower at 7672.05 points.

Aug 6, 2014

BSE closes points 242.74 down n on August 6

New Delhi, August 6 (ANI): Trading at the Bombay Stock Exchange today closed 242.74 points down to stand at 25,665.27. At the National Stock Exchange the Nifty closed 74.50 points down to stand at 7,672.05. Suzlon Energy and Sobha Dev were among the top gainers of Group A with an increase of 4.79% and 4.53% along with Piramal Enterprises and Berger Paints with an increase of 4.43% and 3.84% respectively, while the top losers of Group A include Bhushan Steel and Apollo Tyres with a decrease of 20.00% and 7.15% along with IDBI Bank and Indiabulls Real Estate with a decrease of 6.85% and 5.81% at the close of the markets. The Auto sector is down 123.66 points at 15,763.15 while the banking sector is down 318.64 points at 17,179.85 and the reality sector is down 24.23 points at 1,919.32. The Indian currency is down 0.96% at Rs 60.43 per dollar.

Aug 6, 2014

Syndicate Bank Bribery Case: Bhushan Steel Shares Dip 20% at 52-week Low

Stocks of Bhushan Steel recorded a year's low at ₹305 per share following involvement in Syndicate bank corruption case.

Aug 6, 2014

DoT Rejects CAG's Allegations on Undue Favours Extended to Reliance Jio

The telecom department responded in a 37 page report to Comptroller and Auditor General (CAG) regarding the issue.

Aug 6, 2014

Ratan Tata to Invest in Snapdeal to Join E-commerce Boom?

Tata would be the second Indian business tycoon after Wipro's Azim Premji to invest in the four-year-old firm.

Aug 6, 2014

Essar Bags $54 Million Contract from Saudi Aramco

Essar Projects, an engineering company on Tuesday announced that it has bagged a $54 million (₹328 crore) project from Saudi Arabian national oil and natural gas company Aramco.

Aug 5, 2014

Air India Incurs ₹10 Crore Loss Each Month due to Large Billboards in Take-off Area

Large and fancy billboards have been hindering smooth take-offs in Mumbai airport, due to which Air India reportedly incurs an estimated loss of about ₹10 crore per month on its Mumbai-New York flight

Aug 5, 2014

RBI Policy Review: Rates Unchanged at 8%

The Reserve Bank of India has kept the repo rate steady at eight percent during the third bi-monthly policy review on Tuesday.

Aug 5, 2014

Sensex, Nifty Gain; Infosys Rallies on Weaker Rupee

Indian shares ended higher on Monday, snapping two days of fall as software services exporter Infosys rallied on weaker rupee, while lenders gained a day before the central bank's policy review.

Aug 4, 2014