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Prem Watsa-owned Fairfax Financial Holdings

Fairfax India Holdings Corp gets initial approval to buy Catholic Syrian Bank

Catholic Syrian Bank is seen as a lucrative investment and has often been on the takeover radar.

Nov 28, 2016

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All eyes on OPEC meeting on Wednesday; output cut will benefit producers, hurt consumers

Iran is upset over Saudi Arabia, even as a crucial meeting between OPEC and non-OPEC members scheduled for Monday is called off.

Nov 28, 2016

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Oil India declares 1: 3 bonus issue

Shares of Oil India were trading with losses despite the public sector company declaring 1:3 bonus issue.

Nov 28, 2016

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Indian bonds, bank shares fall as RBI temporarily hikes cash reserve ratio

The move is estimated to drain over Rs 3.24 trillion ($47.29 billion) from the banks.

Nov 28, 2016

Anger makes a good business as more people queue up to smash stuff and vent stress

Rough day? Time to visit the "anger rooms", where destruction is encouraged.

Nov 27, 2016

BATTLE FOR MOSUL: Could ISIS 'information bank' reveal which countries funded it?

Iraqi authorities have managed to seize the archives of the terrorist group, which contains a lot of paper and computerised documents.

Nov 27, 2016

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Cyrus Mistry, Nusli Wadia to contest proposal of removal by Tata Sons

Both Mistry and Wadia will be making separate representations to all the shareholders of Tata Motors.

Nov 27, 2016

1350 Lufthansa Airlines flights cancelled due to strike

Lufthansa cancels 35 flights on Sunday as pilots' strike enters fifth day

So far, Germany's biggest airline has had to ground nearly 2,800 flights affecting more than 350,000 passengers since the strike began on November 23.

Nov 27, 2016

Amid mounting tension, Pakistan halts import of cotton, vegetables from India

Pakistani cotton importers said that the customs clearing agents had stopped the import without a warning or written order.

Nov 27, 2016

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FIIs on a selling spree on Indian stock markets; Sensex ends week on cheerful note

For the week ended November 25, foreign institutional investors (FIIs) sold Indian stocks worth Rs 5,421 crore.

Nov 26, 2016

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Tata Steel removes Cyrus Mistry as chairman, appoints O P Bhat as interim head

The removal of Cyrus Mistry is with immediate effect; Bhat holds office till Tata Steel's EGM scheduled for December 20, 2016.

Nov 25, 2016

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SpiceJet Q2 net profit doubles on higher operating revenues

For the quarter ended September 2016, budget carrier SpiceJet's net profit rises 103 percent to Rs 58.9 crore.

Nov 25, 2016

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India, world's fastest-growing economy, sees drop in forex reserves amid demonetisation

India's foreign exchange reserves dropped $1.54 billion in the week ended November 18 as the RBI apparently intervened to check the fall in rupee.

Nov 25, 2016

Demonetisation: Paytm admits to goof-up in app, promises to rectify

Paytm recently launched point of sale (PoS) feature, which was withdrawn in view of security concerns.

Nov 25, 2016

Air India Chief slams DGCA's proposal of punishing sick pilots

The letter to the aviation regulator states that the proposal would have adverse consequences on flight safety operations.

Nov 25, 2016

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