Business News


Mallya's Kingfisher Villa sold to actor Sachiin Joshi for Rs 73 crore

After three failed auctions, banks have finally managed to sell the Kingfisher Villa in Goa belonging to the troubled businessman Vijay Mallya to a city-based actor for Rs 73 crore.

published : 08 Apr 2017

Oil prices jump 2 percent after US launches missile strike in Syria

Traders priced in what has in the past been called a Middle East risk premium.

published : 07 Apr 2017

Will auction Aamby Valley if money not deposited: Supreme Court to Sahara

The Supreme Court today said if the Sahara Group fails to deposit Rs 5092.6 crore in SEBI-Sahara refund account by April 17 in pursuance of its order.

published : 06 Apr 2017

Reliance Jio free services to impact telecos Q4 FY'17 earnings: Report

Free services offer from Reliance Jio will hurt the earnings of telecom operators for three months ended March 2017, pushing down mobile revenues by 6.5-7.5 per cent.

published : 06 Apr 2017

RBI projects inflation to rise to 5 percent

A proactive supply management will play a critical role in staving off pressures on headline inflation, it added.

published : 06 Apr 2017

Over 62% subscribers report call drop in government survey

The survey was conducted by automated call service between December 23 and February 28, 2017, to obtain direct feedback from subscribers.

published : 06 Apr 2017

Sensex slips 47 points as RBI holds policy rate

Benchmark Sensex retreated from its record high to end 47 points lower at 29,927.34 today after the Reserve Bank left the key policy rate unchanged.

published : 06 Apr 2017

Toyota says to recall 23,157 cars in India over Takata airbag issue

The recalled Corolla Altis sedans were manufactured between January 2010 and December 2012 in India, the Japanese car maker said.

published : 06 Apr 2017

RBI keeps policy rate on hold for third meeting in a row

The Reserve Bank of India kept its repo rate at 6.25 percent for a third consecutive policy meeting on Thursday.

published : 06 Apr 2017

Gave approval to Aircel-Maxis deal in normal course of business: P Chidambaram 

Chidambaram's remarks comes a day after the Supreme Court asked the CBI to file status report on the probe being carried out on various aspects of the Aircel-Maxis deal.

published : 04 Apr 2017

Adani group signs pact to look at setting up port in Malaysia

Adani Ports signed a memorandum of understanding with Malaysia's MMC Ports to do feasibility study of the Carey Island Port Project.

published : 03 Apr 2017

Reliance Jio to prompt counter offers from other telcos: Analysts

In its report, Citi Research said that it expects the competitive intensity in telecom sector to remain high.

published : 03 Apr 2017

Rs 90 crore siphoned abroad illegally by shell companies in Chennai, says Enforcement Directorate

They added that the premises of Galaxy Impex, Snowcity & Co, BK Electro Tools Products, Green International, Metal Tradus and Horizon Trading in Chennai had been searched. 

published : 02 Apr 2017

Enforcement Directorate raids unearth 700 shell companies operating from one address in Mumbai

ED officials who carried out inspections of 30-35 places in Mumbai reportedly recovered sensitive documents from the office of one Jagdish Prasad Purohit in Andheri.

published : 01 Apr 2017

Cash-strapped Venezuela negotiating Russian help for PDVSA debt payments: Sources

Venezuela's leftist government has grown increasingly close to Russia's Vladimir Putin.

published : 01 Apr 2017