Business

Vegan burger maker Beyond Meat Inc, which counts Microsoft founder Bill Gates and actor Leonardo DiCaprio among its investors, on Wednesday priced its initial public stock offering at $25 per share, the top of its anticipated range in a reflection of brisk investor demand.

At this price, Beyond Meat raised around $240 million at a $1.5 billion

The Northern Railway, which caters to one of the zones served by the Indian Railways, has started summer special trains in order to clear extra rush during the summer season. In total, nine special trains have been introduced on various routes

State Bank of India, the country's largest lender, has reduced interest rate on savings bank accounts with balance of Rs 1 lakh or more from today. The State Bank of India customers with Rs 1 lakh or more in their savings account will earn an interest of

Jet Airways shares extended their fall to a fourth session in a row to hit a new 52-week low on Thursday, a day after the Delhi High Court issued a notice to the grounded airline on a plea seeking government intervention to ensure refunds for affected p

Once again, we're debating the purpose of corporations. On one side, progressives such as Sen. Elizabeth Warren argue that companies - given broad rights in court decisions such as Citizens United v. Federal Election Commission - must also accept broad social responsibilities such as paying attractive wages and protecting the environment.

On the

Diesel prices were increased in the range of 53-57 paise per litre in four metros in April 2019, according to data from state-run Indian Oil Corporation's (IOC) website, iocl.com. On April 30, diesel rates stood at Rs. 66.71 per litre in New Delhi, Rs.

Domestic stock markets recovered all of the day's losses in late morning deals on Thursday amid gains in financial stocks. The S-P BSE Sensex jumped as much as 158.4 points to 39,189.95, rising 306.96 points - or 0.79 per cent - from the day's low. The National Stock Exchange (NSE)'s Nifty index moved to 11,789.30, up 41.15 points from the

Describing India as a "challenging market in the short-term", Apple chief executive officer Tim Cook said the company plans to make a foray into the Indian market with "all of our might" through its retail stores and manufacturing

Indian stock and foreign exchange markets remained closed on Wednesday for the Maharashtra Day holiday. Trading will resume on Thursday, May 2. Benchmark indexes S-P BSE Sensex and NSE Nifty had ended 0.1 per cent and 0.6 per cent lower on Tuesday respectively,

State Bank of India (SBI)'s new interest rate applicable to balances above Rs 1 lakh in its savings accounts came into effect from Wednesday. The move by the country's largest bank lowers the interest payable to its customers holding balances above Rs 1 lakh in

The National Stock Exchange (NSE) said on Wednesday that market regulator Sebi's orders will not affect its functioning as a recognised stock exchange. The statement from the stock exchange came a day after the

IRCTC (Indian Railway Catering and Tourism Corporation) Tourism is offering a tour package of eight nights and nine days to Shimla and Manali from Rs 29,710 per person. The tour, operated with a special AC tourist train, will commence on May 11 from Pune,

Domestic stock markets started Thursday's session on a lower note amid a selloff in automobile stocks. The S-P BSE Sensex fell as much as  148.56 points to 38,882.99, and the NSE Nifty moved to 11,699.55, down 48.6 points from the previous close. At 9:39 am,

The Delhi High Court Wednesday issued a notice to Jet Airways on a plea seeking directing the Civil Aviation Ministry and DGCA to ensure refunds or provide alternative travel mode for passengers who have booked tickets with the airlines which has

Markets regulator Sebi (Securities and Exchange Board of India) on Tuesday directed the National Stock Exchange to disgorge more than Rs 625 crore of profits derived from dissemination of data in the co-location case and barred two

Domestic petrol and diesel prices were lowered marginally on Thursday. While the prices of petrol in Delhi and Mumbai were lowered by 6 paise per litre compared to the previous day's rates, those of diesel were cut by 5 paise per litre and 6 paise per litre respectively, data from Indian Oil Corporation showed. Thursday's revision in petrol prices

Bengaluru-based e-commerce major Flipkart started its three-day Flipstart Days sale from Wednesday. Under the Flipstart Days sale, which will end on May 3, Flipkart is offering discounts in a range of product categories such as clothes, footwear, accessories, baby

Warren Buffett's Berkshire Hathaway Inc will put $10 billion behind Occidental Petroleum Corp's bid as it tries to see off competition from Chevron Corp to buy smaller rival Anadarko Petroleum Corp.

Occidental and Chevron Corp are locked in a battle to buy Anadarko's prized assets in West Texas' huge Permian shale oil field, the biggest

The Federal Reserve on Wednesday held interest rates steady and signaled little appetite to adjust them any time soon, taking heart in continued job gains and economic growth and the likelihood that weak inflation will edge higher.

"We think our policy stance is appropriate at the moment; we don't see a strong case for moving it in

Maruti Suzuki India on Wednesday reported a decline of 17.19 per cent in sales for the month of April. Maruti Suzuki India's total sales, including domestic sales and exports, came in at 143,245 units in April, the auto maker said in a regulatory filing to the Bombay Stock Exchange (BSE). That compares with total sales of 172,986 units in the

The rupee appreciated for the second straight session on Tuesday to close higher by 46 paise at 69.56 against the US dollar, reported news agency Press Trust of India (PTI). The gain came as crude oil prices retreated from

The S-P 500 index notched a fresh record high on Wednesday, as gains in Apple Inc's shares after forecast-beating results powered a rally in technology stocks ahead of the Federal Reserve's latest policy announcement.

Shares of the iPhone maker jumped 5.3 per cent after the

Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM) is a government-sponsored voluntary and contributory pension scheme for unorganised workers. The pension scheme admits unorganised workers in the age group of 18-40 years with a monthly income up to

The country's infrastructure output grew 4.7 per cent in March from a year earlier, government data showed on Tuesday.

For the 2018/19 financial year, infrastructure output grew 4.3 per cent from the previous year, according to the data.

Infrastructure output, which comprises eight sectors - such as coal, crude oil and electricity - accounts for

GST or Goods and Services Tax collections came in at a record high of Rs 1,13,865 crore in April, the government said on Wednesday. That was the highest monthly collection of revenue since the implementation of GST, the Ministry of Finance said

LPG or liquefied petroleum gas prices were hiked with effect from Wednesday, May 1. While the subsidised LPG prices were increased by 28 paise per cylinder (14.2 kilograms) in Delhi and 29 paise per cylinder in Mumbai, the non-subsidised rates were

Shares of Wadia Group companies fell on Tuesday after Ness Wadia, one of its promoters, was sentenced to two years in jail by a Japanese court for possession of drugs. Bombay Dyeing, Britannia Industries and Bombay Burmah Trading Company shares

PM-SYM or Pradhan Mantri Shram Yogi Maan-Dhan is a voluntary contributory pension scheme for unorganised workers. Launched by the government in March 2019, the PM Shram Yogi Maan-Dhan scheme offers subscribers a minimum guaranteed pension of Rs 3,000 per

India Post, under the government of India's department of post, apart from offering postal services also provides banking services via network of over 1.5 lakh branches. Kisan Vikas Patra (KVP) Accounts among various saving schemes provided by the India Post like National Savings Certificate, Public Provident Fund (PPF), Senior Citizens Savings

Gold prices fell by Rs 55 to Rs 32,945 per 10 grams at the bullion market on Tuesday due to tepid demand from jewellers, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Tracking gold, silver also dropped by Rs 200 to Rs 38,500 per kg due to reduced offtake by industrial units and coin makers. Easing demand