Business news

Essar Oil plans to have 4,300 petrol pumps across India by December 2017

Essar Oil plans to have an initial investment of Rs. 2,500 crore by the pump owners.

Jun 20, 2016

State Bank of India among firms that invested in cluster bomb-making companies: Report

Cluster bombs are banned under the Convention on Cluster Munitions signed in 2008 by more than 100 countries.

Jun 19, 2016

SpiceJet to offer 'taxi pick-up' option when booking flight tickets

The airline said the initiative would help in raking in more revenues with more number of travellers.

Jun 19, 2016

Iran inks deal to buy 100 Boeing aircraft for $17 billion

However, there was no definitive timeline for the contract because the deal still required U.S. treasury's permission.

Jun 19, 2016

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Sensex likely to take a hit on Monday, courtesy Rexit

Market sentiments could take a hit on Monday in response to RBI chief Raghuram Rajan ruling out seeking a second term.

Jun 18, 2016

Govt may grant retrospective green clearance to non-compliant projects; seeks public response

The proposal seeks to grant retrospective green clearance if developers compensate for environmental damages caused so far.

Jun 18, 2016

McDonald's cost-cutting exercise in US may lead to India outsourcing

In an effort to show $500 million in savings by 2017, McDonald's will lay off a few employees in the U.S., according to a report.

Jun 18, 2016

India's coke the cheapest and most accessible, says Coca Cola president

Consumption today is more health or diet driven at urban centres, while there is a need for affordable packages at other regions, reported the Economic Times.

Jun 18, 2016

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Modi Govt to launch its first CPSE exchange traded fund

The CPSE (ETF) would comprise equity shares of listed PSUs and private firms in which the government holds shares.

Jun 18, 2016

Indian oil companies to buy 24% stake in Russia's Vankor oilfield for $2.1 billion

In September 2015, OVL invested $1.25 billion to fork out a 15 percent stake in the same oilfield.

Jun 18, 2016

India's Amul with overall turnover of $5 billion is world's 13 largest dairy

The company boasts of passing on 80 paisa for every rupee earned to its dairy farmers on each of its flagship Amul products sold.

Jun 17, 2016

NRIs can now open NPS account online using eNPS platform

As old age income security, NPS can provide a long term solution to most Indian expatriates who plan to return to the country in future.

Jun 17, 2016

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Vistara looking at strategic partnerships to expand business

Vistara, jointly owned by Singapore Airlines and Tata Group, is also eyeing fleet expansion to fly on international routes.

Jun 17, 2016

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HDFC Life, Max Life, Max Financial Services merger could pip ICICI Prudential; Max shares hit 52-week high

Both HDFC and Max Financial Services boards approved the three-way merger that also involves Max Life Insurance.

Jun 17, 2016

Revlon seeks to strengthen foothold in skincare sector with acquisition of Elizabeth Arden

The Florida-based company has been losing customers to rivals who offer better deals and discounts.

Jun 17, 2016

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