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SBI sells 5% stake in NSE for Rs. 911 crore

SBI continues to hold close to another 10 percent stake in NSE and will divest it on realising value or targeted price. Jul 2, 2016
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Birla Sun Life, SBI MF buy over 1.5 million shares of Shriram City Union Finance on BSE

Two mutual funds — SBI and Birla Sun Life — bought 1 million shares of Shriram City Union Finance at Rs. 1,630 per share. Jul 2, 2016

Apple fires back at Spotify over music streaming claims

The two companies have gone head to head in the battle for music streaming customers since Apple Music was launched in more than 100 countries last year. Jul 2, 2016
SBI Chairman Arundhati Bhattacharya

SBI, Flipkart partner for loans without credit cards

On its 61st anniversary, the bank launched a series of digital offerings like SBI Mingle and SBI Digital Village. Jul 1, 2016
Tata Steel, Nusli Wadia, Tata Sons

Tata after Brexit: To leave or to stay in Britain

Tatas bonhomie with the British government, which runs back to the colonial days, may stand to gain with Brexit, says Nikkei review. Jul 1, 2016
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Jet fuel prices spike 25% in five months; aviation stocks fall, shares of IOC, BPCL, HPCL gain

The latest hike of 5.5 percent in jet fuel prices effective from Thursday midnight saw aviation stocks fall and oil marketing companies gain. Jul 1, 2016
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Quess Corp IPO: Public issue oversubscribed 144 times, shares likely to list at a premium on BSE

The Rs 400 crore IPO of Quess Corp has been oversubscribed 144 times; the offer closed on Friday (July 1). Jul 1, 2016
Essar Oil

Trafigura, Vitol, Saudi Aramco vie for a stake in $6.5 billion Essar Oil

Singapore-based commodities trader, Trafigura, is negotiating a stake sale between 15 to 30 percent in Essar Oil. Jul 1, 2016
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Two wheeler sales: How Royal Enfield, TVS Motor performed in June

Royal Enfield motorcycle sales rose 36 percent in June, while TVS Motor sales increased 7 percent. Jul 1, 2016
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Intellect Design Arena set to gain from higher IT spend by global banks: Analyst

Intellect Design Arena is expected from the IT spend by global banks, says HDFC Securities. Jul 1, 2016
Cars domestic car sales sale of cars in India

Domestic car sales: How Maruti Suzuki, Hyundai, Renault, Toyota Kirloskar, Mahindra, Honda performed in June

Maruti Suzuki, Toyota Kirloskar Motors (TKM), Renault, Hyundai, Honda and Mahindra have reported monthly car sales data for June 2016. Jul 1, 2016
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Jet Airways aims to raise $180 million via debt: Report

The carrier is currently in talks with lender banks to raise the amount, Reuters reported. Jul 1, 2016

Oracle ordered to pay HP $3 billion in Itanium case

Oracle said it would appeal the verdict. Jul 1, 2016
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Central Bank of India to raise Rs. 3000 crore from equity sale

The Bank could seek for a follow on public offer, rights issue or private placement of shares in India or abroad. Jun 30, 2016
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Kotak Mutual Fund launches monthly redemption facility for investors

Investors can redeem 0.75 percent of their investments at the prevailing Net Asset Value (NAV) on a monthly basis. Jun 30, 2016
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