Business News


Gold rises Rs 675; silver jumps Rs 1,280

In the previous trade, the precious metal had closed at Rs 47,494 per 10 gram. Silver also rose Rs 1,280 to Rs 62,496 per kg, from Rs 61,216 per kg in the previous trade.

published : 21 hours ago

Burger King India IPO gets oversubscribed

The IPO will see the Indian subsidiary of the US-based Burger King raise Rs 810 crore, including a fresh issue of shares worth Rs 450 crore.

published : 22 hours ago

India keen on US allowing resumption of oil supplies from Iran, Venezuela: Pradhan

India stopped importing crude oil from Iran following the re-imposition of economic sanctions in May 2019, by the US.

published : 23 hours ago

Tata Motors shares jump over 4 per cent after strong November vehicle sales data

Tata Motors on Tuesday said its total vehicles sales (domestic and international) grew 21 per cent in November to 49,650 units.

published : 02 Dec 2020

Fresh insolvency admissions fall 82% in first half of FY21

For the first six months of FY21, 17 cases have been closed on appeal/review, while only 42 have seen the approval of a resolution plan. 

published : 02 Dec 2020

Healthy GST revenue , PMI data show recovery is on

Though the PMI, compiled by IHS Markit, declined to 56.3 in November from October’s decadal high of 58.9, it still remained well above the 50-level separating growth from contraction.

published : 02 Dec 2020

Fuel prices halt upward rise as OPEC+ output cut talks hit snag

Most major oil exporters are heavily dependent on the commodity known as black gold for their fiscal requirements. 

published : 02 Dec 2020

CCI scraps a few disclosures for merger reviews

Currently, deals beyond a certain threshold require clearance from the CCI, the competition watchdog which keeps a tab on anti-competitive practices across sectors. 

published : 02 Dec 2020

Zoom’s revenue shoots up by 367% as world embraces virtual meetings

Zoom’s management also said that the company expects its total revenue for financial year 2021 to come in at a range of between  $806.0-811.0 million. 

published : 02 Dec 2020

Carmakers record festive boost

The month of November also saw major commerical vehicle firms stage a comeback

published : 02 Dec 2020

Without patients or staff, Spain opens new $119 million hospital

The state-of-the-art facility was built in 100 days at twice the original budget.

published : 01 Dec 2020

Only Rs 300 crore of retail, MSMEs applied for loan recast, confident of asset quality, says Yes Bank

54 per cent of borrowers by numbers had opted for moratorium which lasted till August, and an additional 5-8 per cent could not pay as well.

published : 01 Dec 2020

Asian Development Bank​ to provide USD 563 million loan for power projects in Uttar Pradesh, Meghalaya

ADB has also signed a USD 132.8 million loan to strengthen and modernise the distribution network and improve the quality of power supplied to household.

published : 01 Dec 2020

Indian Oil Corporation launches country's first 100 Octane petrol

The fuel is manufactured at IOC's Mathura refinery in Uttar Pradesh and supplied at select petrol pumps, Union Minister Dharmendra Pradhan said.

published : 01 Dec 2020

Indian businesses expect quicker return to pre-COVID profitability levels than most others: Survey

In terms of challenges, a resurgence of COVID emerges as the biggest challenge to Indian businesses, threatening chances of recovery.

published : 01 Dec 2020