Companies

Lafarge India appoints investment bankers to initiate sale of cement units

Bids to buy Lafarge India's 11 million tonnes production capacity are expected from next week, the Business Standard reported.

Mar 21, 2016

Godrej Properties construction real estate

Godrej Properties sets up fund management unit, raises $ 275 million

Godrej Fund Management has raised the money from a group of investors led by Dutch pension fund asset manager APG Asset Management N.V.

Mar 21, 2016

Finnish firm Salcomp to set up 2 factories in India

Investment to the tune of Rs 130-150 crore would be required for the two factories, The Economic Times said.

Mar 21, 2016

Vijay Mallya, Chairman of Kingfisher Airlines

Mallya to consider employee dues, chart a new debt repayment offer

Mallya reportedly wants to stand up to his business leader credential, settle both Kingfisher Airlines loans and employee payments.

Mar 21, 2016

Alibaba plans to set up tech development centre in India by 2016-end

The talks between Alibaba, the Indian government and other partners are in "early stages."

Mar 21, 2016

ZTE expands Blade series with Blade A910 and Blade V7 Max

US to offer China's ZTE 'temporary relief' on export curbs: Official

The department had said the license applications generally would be denied.

Mar 21, 2016

SWIFT to advise banks on security as Bangladesh hack details emerge

SWIFT staff will also begin calling banks to highlight the importance of reviewing security measures after the attack in Bangladesh.

Mar 21, 2016

Tata Motors: Strike at Sanand plant enters 27th day; 350 workers detained

The workers are demanding the reinstatement of 28 suspended co-workers, who, Tata Motors said, were suspended for "serious misconduct."

Mar 20, 2016

China's Alibaba may go solo in India's e-marketplace: Report

Alibaba could come as a standalone e-marketplace or partner with another company and could also consider organic growth as an option, the Business Standard reported.

Mar 19, 2016

Six months into 'Dieselgate' scandal, gloom deepens in Volkswagen's hometown

People in Wolfsburg are also worried about VW's failure to agree with U.S. authorities on how to fix rigged U.S. cars.

Mar 19, 2016

TransCanada to buy Columbia Pipeline Group for $10.2 billion

TransCanada will offer $25.50 per share in cash for each Columbia Pipeline share, an 8.5 percent premium to the stock's Thursday close.

Mar 18, 2016

JPMorgan increases stock buyback program by up to $1.88 billion

The bank has got a non-objection from the board of governors of the Federal Reserve System to increase the amount for the share repurchase.

Mar 18, 2016

Blackstone nears deal to buy HP Enterprise stake in India's Mphasis: Reuters sources

HPE owns roughly 60.5 percent stake in MphasiS, and the U.S.-based parent had been looking to exit from the Indian venture to shore up its capital.

Mar 18, 2016

'Kapoor and Sons': Will Fox Star Studios make money at the box office?

"Kapoor and Sons" has been produced by Karan Johar's Dharma Productions and stars Alia Bhatt, Sidharth Malhotra and Fawad Khan.

Mar 17, 2016

Nike unveils HyperAdapt 1.0 self-lacing shoe

Sportswear firm Nike launched a series of new products including self-lacing shoes, transparent air-filled soles and soccer cleats made from a polymer that prevents mud from sticking to the sole at a glitzy event in New York on 16 March.

Mar 17, 2016