Business

Business

  • Coal India
    Jan 30, 2015 16:38 IST

    Sale of CIL stake fetches Rs 22,557 cr; LIC big buyer

    In the biggest-ever disinvestment exercise, the government on Friday mopped up Rs 22,557.63 crore from 10% stake sale in Coal India Ltd (CIL), largely aided by domestic financial institutions. The divestment will bring down the government's shareholding to 79.65%.

  • SpiceJet
    Jan 30, 2015 11:01 IST

    Marans resign from SpiceJet board; airline to raise Rs 1,500 cr

    Co-founder Ajay Singh moved a step closer to taking control of cash-strapped SpiceJet, with the airline's board informing the Bombay Stock Exchange that existing promoters have agreed to sell and transfer 58.46% stake, worth about Rs 700 crore, to Singh.

  • sensex
    Jan 30, 2015 10:11 IST

    Sensex drops 499 points, Nifty snaps 10-day rally on profit-taking

    The benchmark Sensex on Friday hit new high of 29,844.16 but succumbed to heavy profit-booking led by banking shares to fall by 498.82 points to 29,182.95, logging its worst drop in three weeks, even as the government's mega share sale in Coal India sailed through.

  • Indian rupee is the official currency of the Republic of India. HT Photo
    Jan 30, 2015 10:19 IST

    Rupee ends steady at 61.86 against dollar

    In a volatile trade, the rupee on Friday recovered towards the fag-end to end steady at 61.86 against the American currency at the Interbank Foreign Exchange due to mild selling of dollars by banks and exporters.

  • Xiaomi Mi 4
    Jan 30, 2015 07:21 IST

    Xiaomi shows Arunachal is in India at handset launch, triggers anger in China

    A map showing Arunachal Pradesh as part of India displayed at the New Delhi launch of Chinese company Xiaomi’s popular Mi4 mobile phone on Wednesday has triggered online uproar in China.

  • Mahindra
    Jan 29, 2015 23:01 IST

    L&T, Tata Power, M&M set to reignite nuclear energy, defence plans

    Companies are going back to drawing boards to review existing plans, scout for partnerships, and are readying specialist teams to pitch for increased business opportunities, following the slew of initiatives and breakthroughs in talks between the two countries during US President Barack Obama’s three-day visit.

  • Arun Jaitley
    Jan 29, 2015 23:06 IST

    Lower taxes, manufacturing boost: budget cues from FM’s Davos talk

    Finance minister Arun Jaitley’s visit to Davos to attend the World Economic Forum (WEF) has been followed and tracked by investors and analysts across the world, while giving rise to speculations back home on expectations from the budget.

  • Facebook
    Jan 30, 2015 01:14 IST

    Facebook annual revenues top $10 bn for first time

    The world’s largest internet social network, Facebook’s, profit and revenue for the fourth quarter rose on mobile advertising growth.

  • Coal mines
    Jan 29, 2015 23:10 IST

    Rs. 23,000-cr CIL stake sale today, floor price at Rs. 358

    In the biggest-ever share sale of a public sector unit (PSU), the government will offer Coal India Ltd (CIL) shares at a floor price of Rs. 358 a piece on Friday, even as trade unions warned of strike against the move.

  • Airtel
    Jan 29, 2015 23:14 IST

    Bharti Airtel to soon roll out 4G services in Delhi

    If you are an Airtel customer residing in the Capital, chances are you will get to experience the company’s 4G services soon, and what’s more, you can do much more than just live streaming of videos.

  • Vodafone
    Jan 29, 2015 23:16 IST

    FM directs I-T to follow Voda template in Shell, other cases

    After providing relief to Vodafone Group in its Rs. 3,200-crore tax dispute, the government is all set to provide similar relaxation to Anglo-Dutch multinational — Shell Plc.

  • Facebook
    Jan 29, 2015 08:51 IST

    Facebook's status update: Profit, revenue beat expectations

    For the seventh quarter in a row Facebook beat profit and revenue forecasts, continuing to win more mobile advertising revenue as most users shift to using the site on smartphones and other portable devices.

  • Nokia
    Jan 29, 2015 13:00 IST

    Nokia beats profit forecasts, lifted by North America sales

    Finland's Nokia on Thursday reported stronger-than-expected quarterly profits for its core network equipment business on the back of network roll-outs for faster 4G mobile services in North America.

  • sensex
    Jan 29, 2015 10:08 IST

    Sensex, Nifty log new closing peaks on fag-end buying

    After a brief pause, stocks continued their upward march on Thursday with benchmark Sensex rising 122.59 points to new closing peak of 29,681.77 and Nifty index gaining 38.05 points to 8,952.35 on fag-end buying in select bluechips amid expiry of monthly equity derivatives.

  • Indian rupee is the official currency of the Republic of India. HT Photo
    Jan 29, 2015 10:03 IST

    Rupee logs worst drop in 7 weeks vs $, down 45 paise at 61.86

    The rupee fell by seven paise to 61.48 against the dollar in early trade on Thursday at the Interbank Foreign Exchange due to appreciation of the Greenback against other currencies overseas.