Business

Special public prosecutor Pradeep Gharat had earlier told the court in Mumbai that Ferreira held 80 per cent shares in a franchisee of Hong Kong-based QNet.

While the biggest deal in India’s online travel aggregation space signals a maturity in the sector, providing an exit path to investors, it would also lessen cash burn. With this deal, all three large brands in OTA space – Yatra, MakeMytrip and GoIbibo wi...

In the largest inflow of foreign direct investment, Russia's state-controlled oil giant Rosneft and its partners on Saturday took over India's second biggest private oil firm Essar Oil in an all-cash deal valued at about $13 billion.

Disappointed with the 0.7 percent contraction in industrial output, India Inc has pitched for incentives to boost consumption-driven demand for attracting fresh investments.

In a first, a diamond mineral block in Madhya Pradesh's Panna district having precious stone deposit worth nearly Rs 106 crore has gone under the hammer.

Newcomer Reliance Jio has spent Rs 13,672 crore on spectrum buying.

Market benchmark Sensex surged over 181 points and the NSE Nifty reclaimed the 8,800-mark today after global markets cheered a surprise deal by OPEC to cut oil production for the first time in eight years.

The NSE Nifty broke below the 8,800-mark falling 23.90 points, or 0.27 per cent, to 8,784.50.

With an aim to make it easier for overseas investors, regulator Sebi is considering allowing some categories of Foreign Portfolio Investors (FPIs) to directly trade in Indian markets.

Services sector growth touched the highest level in over three-and-a-half years, driven by new business orders amid improved market conditions.

BSE Sensex zoomed over 440 points to close at an over 13-month high of 28,343.01, while the broader Nifty went past the psychological 8,700-level to finish at 16-month high of 8,744.35, lifted by positive global cues.

Reserve Bank employee unions have appealed to Parliament members and state finance ministers to prevent the proposed Public Debt Management Agency (PDMA).

The National Stock Exchange has identified 140 such firms for delisting from its platform and the process is likely to be completed by October-end.

RBI Governor need not have a rock star status to be successful and India's ratings would depend on its policies and not any specific personality: Fitch Ratings.

The gauge had gained 84.72 points in Thursday's trade. The NSE Nifty also regained the crucial 8,600-mark by rising 73.90 points, or 0.86%, to 8,666.05.

Only 906 complaints (out of 100 crore subscribers) have been made on call drops in the last three and a half years.