Business news

China's Anbang to acquire Strategic Hotels for $6.5 billion: Source

The deal comes just three months after Strategic Hotels' current owner, Blackstone Group LP, bought the company for $6 billion.

Mar 13, 2016

ONGC plans $5B investment to develop eastern gas asset

The investment may boost ONGC's natural gas output by a quarter and crude oil production by almost 15 percent in the next 4-5 years.

Mar 13, 2016

Kingfisher Airlines Vijay Mallya KFA employees protest

Vijay Mallya case: Kingfisher Airlines employees plan to move Supreme Court

The employees of now-defunct Kingfisher Airlines headed by Vijay Mallya had Saturday also written a letter to PM Narendra Modi.

Mar 12, 2016

IndiGo becomes first Asian carrier to receive Airbus A320neo

IndiGo received its first A320neo aircraft after a three-month delay in delivery.

Mar 12, 2016

Investments in Jindal Steel and Power drills a multi-crore loss in Franklin Templetion debt schemes

The investments in JSPL spanning six debt schemes were sold at a loss, said the fund manager on March 10.

Mar 12, 2016

French clothing brand Lacoste's India licence on sale: Report

The existing licence holder, Amit Judge, is planning to end his two-decade tie-up with the brand, reports Mint.

Mar 12, 2016

Credit Suisse to cut 163 jobs in New York

The cuts will be effected through May, the bank said in a regulatory filing on Thursday.

Mar 12, 2016

Apollo Global nears deal to acquire Fresh Market: Reuters sources

The deal would underscore Apollo's confidence that it can turn around companies in the highly competitive U.S. grocery sector.

Mar 12, 2016

AT&T, Starwood, Marriott working on Cuba deals ahead of Obama visit

While many U.S. companies are interested in the Cuban market, most have been slow to take advantage of the U.S. opening to Havana.

Mar 12, 2016

Nasa showcases potential new heart pump motor

An animation released by Nasa on social media on 8 March showcases a new piece of technology which could give hope to people born with a missing ventricle. The video shows a heart motor pump that uses flywheel technology produced by Doctor Mark Rodefeld at Nasaâ€™s Glenn Research Center.

Mar 11, 2016

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Business news

China's Anbang to acquire Strategic Hotels for $6.5 billion: Source

ONGC plans $5B investment to develop eastern gas asset

Vijay Mallya case: Kingfisher Airlines employees plan to move Supreme Court

IndiGo becomes first Asian carrier to receive Airbus A320neo

Investments in Jindal Steel and Power drills a multi-crore loss in Franklin Templetion debt schemes

French clothing brand Lacoste's India licence on sale: Report

Credit Suisse to cut 163 jobs in New York

Apollo Global nears deal to acquire Fresh Market: Reuters sources

AT&T, Starwood, Marriott working on Cuba deals ahead of Obama visit

Nasa showcases potential new heart pump motor

Telcos should ensure call drops don't exceed 2 percent limit, says Supreme Court

Myntra receives Rs 338 crore funding from Flipkart: Report

ED summons Vijay Mallya

Diageo-owned United Spirits accelerates plans to sell residential properties: Report

New York Fed-FX swaps with foreign central banks total $95 million in latest week

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]