Business news

Saudi Aramco keen to partner in mega West Coast Refinery project

In the wake of India's growing oil and energy needs, a mega refinery like the one on the west coast with an expected capacity of 60 mmtpa is vital.

Sep 13, 2019

Wipro buyback: Azim Premji sells shares worth Rs 73,000 crore; money likely to be used for charity

Wipro said in a statement that founder-chairman Azim Premji has sold 224.6 million shares.

Sep 12, 2019

Adani's surprise entry heats up field for Rs 45,000-crore submarines project bid

Adani Group faces a strong field led by Mazagon Dock Shipbuilders, L&T and Reliance Naval and Engineering; Adani's claim is strengthened by a likely tie-up with Hindustan Shipyard Ltd, Visakhapatanam, and acquisition of Bengaluru-based Alpha Design Technologies that has tie-ups with Russian and Israeli companies

Sep 12, 2019

US shelves sale of MDH sambhar masala for salmonella contamination

The family-run company did not immediately respond to phone calls and emails seeking more details.

Sep 12, 2019

Hong Kong Exchanges bids $39 billion to take over London Stock Exchange

The combination would help both exchanges compete better with rivals like ICE and CME from the United States.

Sep 11, 2019

hudco, ipo, hudco ipo, home loans, real estate, home loan interest rates, india

Blackstone to acquire remaining 50% of Indiabulls' commercial assets

Last year in March, Blackstone had signed a similar deal for 50% of a portfolio of Indiabulls for around Rs 4,750 crore that was one of the country's biggest-ever deal in real estate.

Sep 11, 2019

Paytm, GST sale, India, iPhone 7, Google Pixel,

Paytm eyes core banking toehold amid talks with Rana Kapoor for Yes Bank stake

Co-founder Kapoor is seeking to exit Yes Bank by selling his and family's stake for Rs 2,000 crore; in talks with Paytm founder Vijay Shekhar Sharma.

Sep 11, 2019

No more Vande Bharat coaches to be manufactured this fiscal due to high energy consumption

Indian Railways' plan to manufacture 40 additional trains by March 2022 remains on track.

Sep 10, 2019

paytm, freecharge, paytm to acquire freecharge, snapdeal acquires freecharge, indian fintech companies, digital payments, digital wallet

Paytm parent One97's loss widens to Rs 3,960 crore amid tough competition

The losses have mounted despite transactions through Paytm rising significantly since the demonetisation.

Sep 10, 2019

US-based firm DXC Technology to hire 10,000 Indians for digital operations

The company had previously stated that the inability to hire employees had cost the company nearly $100 million in revenue last year.

Sep 9, 2019

British Airways cancels nearly all flights due to pilots' 48-hour strike

British Airways has stated that the strike action is unjustifiable as its pay offer was fair.

Sep 9, 2019

Satyam scam: SAT quashes 2-year audit ban on PwC in major setback for SEBI

Satyam Computer Services founder B Ramalinga Raju had publicly admitted to large-scale financial manipulations to the tune of over Rs 5,000 crore in the company's books.

Sep 9, 2019

BENGALURU, IndiaMicrosoft Chief Executive Officer Satya Nadella and Flipkart Group Chief Executive Officer and co-founder Binny Bansal attend a news conference in Bengaluru, India, February 20, 2017. REUTERS/Abhishek N. Chinnappa

Binny Bansal turns professional investor; to set up $400 million VC fund

The move is significant for Indian entrepreneurs as this is the first time an established tech entrepreneur is turning into a full-time investor.

Sep 9, 2019

Ex-Paytm executive Sonia Dhawan rejoins Vijay Shekhar's firm

Dhawan, the prime accused in an alleged extortion case involving Vijay Shekhar Sharma will be joining Paytm's gaming platform "First Games" as Vice President of Corporate Communication.

Sep 7, 2019

Slowdown will not hit social sector spending: Nirmala Sitharaman

The minister said the government was yet to take a call on how it would use the surplus reserve of Rs 1.76 lakh crore it has received from the Reserve Bank of India.

Sep 7, 2019