Business

Shares of the Mumbai-based company rose as much as 4.4 percent to a record high of 3,553 rupees, extending gains for a third straight session after the company posted its biggest-ever profit last week.

The implementation of the Goods and Services Tax (GST), despite a bumpy road, is going to help secure the solidity of foundation of public finances, David Lipton, the International Monetary Fund (IMF)'s First Deputy Managing Director, told PTI.

Indusind, known for its healthy asset quality despite its overdependence on vehicle financing which constitutes close to a third of its loan book, is the latest to join the list of NPA underreporting large private sector lenders after ICICI Bank, Axis Ban...

In a regulatory filing, Merck Ltd said Procter & Gamble Overseas India B.V and The Procter & Gamble Company have launched an up to Rs 647.53 crore open offer to acquire up to 4,315,840 equity shares of Merck Ltd, constituting 26 per cent stake from public...

India is planning to continue with the consolidation in the current fiscal year and over the medium term, the top IMF official said.

Dealers attributed the rupee's persistent fall to increased demand for the US currency from importers and foreign fund outflows.

While the 2017 recapitalisation plan for major public sector banks "will help replenish capital buffers and improve the banking sector's ability to support growth", it "should be part of a broader package of financial reforms to improve the governance of...

According to the bulk deal data available with BSE, NVB PLC disposed of 3.92 crore shares, amounting to 0.90 per cent stake in the telecom operator.

The decision would address a key issue faced by angel investors who put money in startups during early growth stage, and would also provide level playing field for all investors.

Swedish home furnishings chain IKEA, which received government approval in 2013 for its Rs 10,500-crore proposal to open retail stores under 100 per cent FDI, has earlier signed MoUs with Karnataka, Telangana, Maharashtra, Uttar Pradesh and Haryana to ope...

Chanda Kochhar, the managing director and CEO of the country's leading private sector lender ICICI Bank, is currently under investigation for an alleged conflict of interest associated with the bank's loan to the Videocon group in 2012.

India, keen to sell the loss-making, debt-ridden airline, finalised plans in late March to divest a 76 percent stake and offload about $5.1 billion of its debt.

Key producers from the Organization of the Petroleum Exporting Countries (OPEC), threatened by the rising output from new and non-OPEC countries, are trying to secure a foothold in India.

Axis Bank announced on Monday that Chief Executive Shikha Sharma will step down at the end of 2018, days after India's central bank was reported to have expressed concerns about the lender giving her a three-year extension.

The GMR-group-run New Delhi airport jumped from 22nd rank in 2016 to 16th rank, solidifying its status as one of the fastest growing airports in the world for passenger traffic, as per the Airports Council International (ACI).

India imported 103.7 tonnes of gold in March 2017. Gold imports in the January to March quarter fell 32 percent from a year ago to 163.1 tonnes, data compiled by GFMS showed.