Companies

PSU banks at risk of rating downgrades: S&P

State-owned lenders may struggle to raise capital due to higher provisioning for bad loans, global rating agency Standard & Poor's said.

Feb 17, 2016

Japan December machinery orders rise in positive sign for capex

Companies expect orders to rise 8.6 percent in January-March.

Feb 17, 2016

HCL Tech acquires Volvo's external IT business

HCL is expected to increase its revenues by $1.8 billion over the next five years from the transaction, ET reported.

Feb 16, 2016

Punj Lloyd wins pipeline orders worth Rs 2,070 crore from Oman

The scope of work for the company includes construction of a 300-km natural gas liquid pipeline and a 301-km gas pipeline.

Feb 16, 2016

People line up outside an ATM at a State Bank of India branch in Mumbai

SBI warns of further rise in bad loans in March quarter

SBI reported a 62% drop in its net profit for the December quarter due to higher provisioning for bad loans.

Feb 16, 2016

Air India planning to fly Dreamliner on high-traffic domestic routes

Passenger traffic on domestic routes in India rose 20.2 percent last year, showed IATA data.

Feb 16, 2016

UB Holdings plunges over 10% after PNB declares it 'wilful defaulter'

The company reportedly owes about Rs 6,300 crore to Indian lenders, including Rs 800 crore to Punjab National Bank.

Feb 16, 2016

Vodafone may face seizure of assets for failure to pay Rs 14,200 crore tax

The notice may again drag the Modi government into the retrospective tax controversy.

Feb 16, 2016

Amway's India investments to cross Rs 1,000 crore by 2020

The company's president, Doug DeVos, told the Economic Times that the Indian market's "potential is very dramatic."

Feb 16, 2016

Snapdeal fined for misleading customers with iPhone 5s offer

Snapdeal market value touches $6.5 billion after fresh fundraising of $200 million

The investment is led by Canada's Ontario Teachers' Pension Plan, Reuters reports.

Feb 16, 2016

Toshiba plans $3.2B investment in new Japan chip facility

Toshiba says it is not considering ending PC production

The Sankei newspaper said Toshiba, Fujitsu Ltd and VAIO are in talks to merge their PC businesses.

Feb 16, 2016

Biocon gets first Generic Formulation approval for cholestrol drug in EU

Biocon's EU approval for Rosuvastatin calcium tablets opens up $1.2 billion market.

Feb 15, 2016

AirAsia India CEO not quitting, says Tony Fernandes

Earlier, it was reported that Mittu Chandilya was planning on leaving the airline after his contract with AirAsia India ended in March 2016.

Feb 15, 2016

HSBC keeps headquarters in London, rejects move to Hong Kong

The decision comes at the end of a tumultuous week for European banks, whose shares have tumbled on fears of a global economic slowdown.

Feb 15, 2016

Lingerie makers report decline in net profit in December quarter

Lovable Lingerie's revenues grew 13% but Maxwell Industries saw sales plunge 23%.

Feb 13, 2016

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Companies

PSU banks at risk of rating downgrades: S&P

Japan December machinery orders rise in positive sign for capex

HCL Tech acquires Volvo's external IT business

Punj Lloyd wins pipeline orders worth Rs 2,070 crore from Oman

SBI warns of further rise in bad loans in March quarter

Air India planning to fly Dreamliner on high-traffic domestic routes

UB Holdings plunges over 10% after PNB declares it 'wilful defaulter'

Vodafone may face seizure of assets for failure to pay Rs 14,200 crore tax

Amway's India investments to cross Rs 1,000 crore by 2020

Snapdeal market value touches $6.5 billion after fresh fundraising of $200 million

Toshiba says it is not considering ending PC production

Biocon gets first Generic Formulation approval for cholestrol drug in EU

AirAsia India CEO not quitting, says Tony Fernandes

HSBC keeps headquarters in London, rejects move to Hong Kong

Lingerie makers report decline in net profit in December quarter

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