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Reuters
July 19, 2018
Amazon.com's stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple as Wall Street's most valuable jewel.


PTI
July 18, 2018
Naresh Goyal-promoted Jet Airways on Tuesday signed a formal agreement with Boeing Co to acquire an additional 75 latest single-aisle 737 Max aircraft valued at $8.8 billion at current list prices.


BusinessToday.In
July 17, 2018
Days after the state-run lender received a letter from Life Insurance Corporation of India (LIC) expressing its interest in acquiring 51 per cent controlling stake in IDBI Bank, the NPA-laden bank in its board meeting today sought government's decision in this regard.


BusinessToday.In
New Delhi, July 17, 2018
Trai says people should have rights over their data and that those holding such data are mere custodians of it; LIC forced to buy IDBI bank to prevent it from going bust which is not the smartest move considering the bank's bad debts and an unhealthy loan book; Jeff Bezos, the founder of Amazon.com, has become the richest man in history with a personal wealth of $150 billion and why he's different from Warren Buffet and Bill Gates. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


BusinessToday.In
July 17, 2018
The bank's provisions for bad loans fell 15.77% to Rs 199.15 crore in Q1 compared to Rs 236.44 crore in the corresponding period of last fiscal. On a quarter-on-quarter basis, these declined 46.4% from Rs 371.53 crore. The bank's net interest income rose by 22.4% year on year (YoY) to Rs 980 crore in Q1.


BusinessToday.In
July 17, 2018
It fell despite strong earnings as some brokerages downgraded their target price citing the expensive valuations of the stock. The stock opened at 1770 level on the BSE compared to Monday's close of 1753.85 on the BSE.


Mail Today Bureau
July 17, 2018
The next step for LIC is to approach market regulator Sebi, as the bank, which is also state-owned, is a listed entity. Insurance regulator IRDAI has already given its approval to the insurer for the stake purchase.


BusinessToday.In
July 16, 2018
The stock of India's second-biggest software services exporter rose 5.75% to hit its life time high of 1384.40 compared to its previous close of 1309.10 on the BSE.


BusinessToday.In
New Delhi, July 16, 2018
Department of Economic Affairs Secretary Subhash Chandra Garg said that since the combined shareholding of both the government and LIC would be over 90 per cent, and that public shareholding is too low, an open offer might not be on the cards.


BusinessToday.In
July 16, 2018
The Dr Reddy's stock fell up to 10.61% or 246 points to 2,071.50 level. The stock closed 9.85% or 228 points lower at 2089.15 on the BSE.


BusinessToday.In
July 16, 2018
Amazon Prime members can be a part of the Prime Day sale that will last for 36 hours straight from 12 pm on Monday. Amazon Prime is launching over 200 new products.


BusinessToday.In
July 16, 2018
Last month, the insurance regulator approved LIC's proposal to increase its stake in troubled IDBI Bank from current 10.82 per cent to 51 per cent. Currently, the government holds 81 per cent stake in IDBI Bank.


BusinessToday.In
July 15, 2018
The government subsidises 12 cylinders of 14.2 kilogram each per household in a year by directly transferring the subsidy amount to the users' bank accounts.


BusinessToday.In
July 13, 2018
Shares of HCL Technologies closed 1.03 per cent higher on the BSE to Rs 1,005.3 on Thursday. The buyback was announced after market hours yesterday. The buyback price translates into a 9.4 per cent premium over Thursday's closing price of HCL Tech shares.


Sumant Banerji
July 12, 2018
Zero safety rating for Made in India Renault Kwid in ASEAN NCAP tests again exposes domestic auto industry's soft underbelly.


BusinessToday.In
New Delhi, July 11, 2018
Airbus' narrow-body jets seem to be the biggest priority for Vistara, which has ordered 13 A320 neo and A321 neo aircraft from the European aerospace major. The deal with Boeing includes orders for six B787-9 Dreamliners.


BusinessToday.In
New Delhi, July 11, 2018
Back in April, the RBI instructed all entities it regulates to stop dealing with cryptocurrencies, like Bitcoin, in three months. This prevented investors from buying crypto currencies in exchange of rupee. The RBI ban came into effect from July 5.


BusinessToday.In
July 11, 2018
Under Sebi's takeover code, if a company acquires more than 25 per cent in another listed company, it has to make an open offer to minority shareholders to buy at least 26 per cent more in the target firm.


BusinessToday.In
July 11, 2018
At 10:51 am, the stock was trading 6.58% or 3.50 points higher at 56.70 on BSE. On Tuesday, the stock rose 9.02 per cent to close at Rs 53.20 on BSE. Intra-day, it jumped 14.34 per cent to Rs 55.80 on Tuesday when reports about the open offer poured in. On NSE, shares of the company zoomed 9.32 per cent to end at Rs 53.35.


Reuters
July 11, 2018
The ads will let users virtually interact with different products - from trying on Michael Kors sunglasses and accessories to visualizing furniture in a room.


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