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Liquor baron Vijay Mallya (Photo: AP)

ED alleges Vijay Mallya created 20 shell companies

Over 5,000 page charge sheet has been filed before a special PMLA court in Mumbai.

16 Jun 2017 9:17 AM IST

Reliance Industries chairman Mukesh Ambani.

RIL-BP to invest $6 bn in developing new gas fields

RIL chairman Mukesh Ambani said two firms have also agreed on a strategic cooperation.

16 Jun 2017 8:58 AM IST

However, a former executive director of Air India Jitender Bhargava said, it should not be sold cheaply.

No interference will benefit Air India

Debt-ridden Air India needs to monetise its assets to reduce the burden.

16 Jun 2017 3:48 AM IST

Tesla founder and Chief Executive Elon Musk (Photo: AP)

Tesla in talks with India for lower import duty

India imposes 60 per cent customs duty on import of completely-built electric cars priced less than $40,000.

16 Jun 2017 3:25 AM IST

Brick-and-mortar retailers are also slashing prices to liquidate merchandise, advancing their usual end-of-season sale by a month.

Carmakers cut prices to attract customers

Clearing inventories ahead of GST is one of the reasons.

16 Jun 2017 3:15 AM IST

According to IFA Global, a forex and treasury solution firm, the Indian rupee is the third best performing Asian currencies this year, up 4.63 per cent in the March quarter, its best quarterly gains since September 2012.

Forex reserves on BoP basis shoot by USD 21.6 bn 2017: RBI

In FY17, fall in current account balance was to the tune of USD 15.3 billion as against a decline of USD 22.2 billion in...

15 Jun 2017 9:13 PM IST

Stock of Axis Bank closed 2.56 per cent down at Rs 444.60 on BSE.

Axis Bank board to raise 5k cr capital via private placement

The bonds are rated 'Crisil AAA' by Crisil Ltd, 'Icra AAA hyb' by ICRA and 'IND AAA' by India Ratings (Ind-Ra).

15 Jun 2017 9:02 PM IST

HDFC to raise Rs 2,000 cr via NCDs

The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements...

15 Jun 2017 8:44 PM IST

The Flipkart co-founder Binny Bansal said that Flipkarts strategic partnership with Microsoft will help his company to scale up in the coming days.

CCI gives approval for Flipkart-eBay India deal

CCI has given nod to eBay Singapore's subscription of compulsorily convertible preference shares (CCPS) issued by...

15 Jun 2017 8:31 PM IST

State-run BSNL on Friday announced unlimited calling offer for its prepaid customers along with limited free data usage.

BSNL launches 4 GB per day data pack for Rs 444

This is the highest per day data limit being offered by any telecom operator in the country.

15 Jun 2017 8:06 PM IST

Annually, Rs 2,500 crore of fuel is bought at petrol pumps and now a part of it being talked of being home delivered.

Fuel price drop: Petrol by Rs 1.12/litre, diesel by Rs 1.24/litre

From tomorrow, petrol and diesel rates will be revised in sync with any movement in international oil rates.

15 Jun 2017 7:50 PM IST

Yes Bank last week had informed about raising Rs 4,906.65 crore (USD 750 million) in Qualified Institutions Placement mode.

Havells will issue Rs 150 cr commercial paper to Yes Bank

Havells India Ltd is going to issue commercial paper to Yes Bank for an amount of Rs 150 crore, the company said in a...

15 Jun 2017 7:30 PM IST