Business

  • Drugs
    Apr 28, 2015 15:03 IST

    Wockhardt to recall some drugs made in India after US FDA concerns

    Generic drugmaker Wockhardt Ltd said on Tuesday it would recall some drugs manufactured at its two plants in India before the US Food and Drug Administration (FDA) banned those sites due to quality concerns.

  • Bombay Stock Exchange
    Apr 28, 2015 10:03 IST

    Sensex rises 219 points, reverses its three-session fall

    The benchmark BSE Sensex on Tuesday reversed its three-session fall by rising 219 points to settle at 27,396.38 as blue-chips ICICI Bank and Maruti Suzuki jumped on better-than-expected earning numbers

  • Rupee
    Apr 28, 2015 10:14 IST

    Rupee gains 12 paise against dollar in early trade

    The rupee strengthened by 12 paise at 63.36 against the US dollar in early trade today at Interbank Foreign Exchange on increased selling of the American currency by exporters.

  • iGate
    Apr 27, 2015 23:36 IST

    Eyeing India, Capgemini buys IGATE for Rs 25,392 crore

    French IT services company Capgemini will buy IGATE Corp — a US-based company with a large presence in India — for $4 billion (Rs 25,392 crore). The combined entity, with a revenue of $14 billion, will take on rivals such as IBM, and will help the French firm gain a further foothold in India and expand its base in the country.

  • Medicines
    Apr 27, 2015 23:17 IST

    Govt to revive sick pharma cos in booster dose for Make in India

    In a move that will serve as a booster dose for Prime Minister Narendra Modi’s ‘Make in India’ initiative, the government plans to revive several closed and loss-making pharma public sector units (PSUs).

  • A gas pipeline. (agencies)
    Apr 27, 2015 22:56 IST

    Govt may ship home 30% cheaper natural gas from Africa

    As part of India’s proposed additional $6 billion (Rs 36,000 crore) investment in Mozambique’s Rovuma Area-1 gas field, the government is looking to ship home natural gas that is about 30% cheaper than the prevailing international price.

  • Indian Finance Minister Arun Jaitley.
    Apr 27, 2015 18:17 IST

    Arun Jaitley seeks to reassure foreign investors on MAT dues

    Amidst a welter of concern over new retrospective tax demands, Union finance minister Arun Jaitley on Monday sought to reassure foreign investors that he was considering a committee to explore ‘what can be done to resolve the past, and move beyond’ to ensure certainty.

  •  Mukesh Ambani
    Apr 27, 2015 19:18 IST

    Mukesh Ambani richest Indian again , moves ahead of Dilip Shanghvi

    Industrialist Mukesh Ambani on Monday regained his position as the world's richest Indian with a networth of $19.6 billion, as pharma tycoon Dilip Shanghvi slipped to the second place after remaining on the top for about seven weeks.

  • Vijay Mallya
    Apr 27, 2015 17:19 IST

    United Spirits appoints new finance head, company secretary

    Liquor firm United Spirits (USL) on Monday appointed Vinod Rao as the Head of Finance and V Ramachandran as the company secretary and compliance officer of the firm.

  • SpiceJet
    Apr 27, 2015 17:17 IST

    SpiceJet cuts fare, to operate 2 more flights to quake-hit Nepal

    No frills carrier SpiceJet on Monday cut down base fare for its evening flights to Kathmandu to Rs 1 for two days starting from Monday, and announced that it will mount two more special planes to aid evacuation of travellers stranded in earthquake-devastated Nepal.

  • ICICI Bank
    Apr 27, 2015 16:49 IST

    ICICI Q4 net profit up 10% at Rs 2,922 crore, bad loans rise

    India’s largest private sector lender ICICI Bank reported a better-than-expected 10% rise in standalone net profit for the January-March quarter at Rs 2,922 crore, helped by strong demand for retail loans.

  • Union Finance Minster Arun Jaitley.
    Apr 27, 2015 12:55 IST

    Taxation policy has to be non-adversarial: Jaitley

    Promising a business friendly environment to woo foreign investments, finance minister Arun Jaitley on Monday made it clear that retrospective tax will not be imposed and that taxation policy has to be "non-adversarial".

  • Apr 27, 2015 14:12 IST

    Maruti Q4 net zooms 60% as volumes rise, costs fall

    Beating market expectations, India’s largest car manufacturer Maruti Suzuki India Ltd on Monday reported a 60.5% year-on-year jump in fourth-quarter net profit to Rs 1,284 crore, on the back of higher sales and favourable foreign exchange rates.

  • Dubai
    Apr 27, 2015 13:18 IST

    Indians largest non-Arab investors in Dubai real estate market

    Indian nationals have emerged the largest non-Arab investors in Dubai’s real estate market, accounting for property transactions worth 3.040 billion Dhirams ($820.8 million) in the first quarter of 2015.

  • 3
    Apr 26, 2015 13:31 IST

    Ratan Tata bets on smartphone race, picks up stake in Xiaomi

    Iconic business leader Ratan Tata has acquired a stake in Chinese handset maker Xiaomi, the first investment by any Indian in the smartphone maker.