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India a great destination for building digital economy infrastructure: Payoneer CEO Scott Galit

India is seen as one of the top markets for digital economy as it is ranked fourth in terms of active Internet-users across the world.

Feb 15, 2017

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Rakesh, Rekha Jhunjhunwala sell 4.2 million shares of Intellect Design Arena

Intellect Design Arena shares close almost 10 percent lower on Wednesday in response to bulk sale by Rakesh Jhunjhunwala and his wife Rekha.

Feb 15, 2017

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Zoom Air begins commercial operations

Promoted by Zexus Air Services, Zoom Air is the new kid on India's civil aviation block.

Feb 15, 2017

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Moneyfront claims to have 1,100 MF investors using its robo advisory

Moneyfront is offering its services free for first six months to MF investors opting for direct plans.

Feb 15, 2017

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Mutual fund managers went on a selling spree in IT, pharma stocks in January 2017; 2 companies do not figure in the list

Some of the stocks MF managers sold include TCS, HCL Technologies, Cyient, Mindtree, Tec Mahindra, Torrent, Sanofi and Dr Lal Pathlabs.

Feb 15, 2017

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Tata Motors shares fall 10% over disappointing Q3 results; weakness to persist for 3-4 quarters

Net profit of Tata Motors for Q3 plunged 96 percent YoY to Rs 112 crore, causing its share price to drop sharply.

Feb 15, 2017

Peugeot owner PSA to buy Opel, Vauxhall brands from General Motors

If the deal gets through, PSA will emerge as second largest European carmaker while GM will do away with its loss-making businesses.

Feb 14, 2017

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DSP Blackrock suspends fresh transactions in Micro Cap Fund

DSP Blackrock Micro Cap Fund, an open-ended, diversified equity scheme, will not accept fresh inflows from February 20, 2017.

Feb 14, 2017

Has Reliance Jio 4G data offer been extended till December 31, 2017, or is it a hoax?

A message asking Reliance Jio users to upgrade 4G data and call services to continue the offer till 2017 end is doing the rounds.

Feb 14, 2017

Rolls-Royce posts biggest loss after bribery charges and Brexit

Rolls-Royce posts biggest loss after bribery charges and Brexit

The engine-maker has been affected by the drop in the pound against the dollar since Brexit, and the £671m charges it has to pay after an investigation into corruption in the company.

Feb 14, 2017

Toshiba shares plunge on Nikkei amid fears of huge loss, uncertain future; chairman quits

Toshiba surprises markets by postponing its quarterly results amid reports that it may issue a warning to shareholders that its future is in jeopardy.

Feb 14, 2017

Navi Mumbai airport: GVK wins bid to build spanking Rs 16,000-crore Mumbai airport

GVK currently operates India's first brownfield and greenfield airports as Chhatrapati Shivaji airport in Mumbai and Kempegowda airport in Bengaluru.

Feb 14, 2017

KKR buys tour operator Travelopia for $403 million

TUI Group will use the proceeds from the sale of Travelopia to further expand the growth segments of hotels and cruises.

Feb 14, 2017

Dutch brewer Heineken acquires Brasil Kirin Holding for $704 million

Heineken said it will become the second largest beer company in Brazil after acquiring Brasil Kirin, which has 9% market share in the country.

Feb 13, 2017

Reliance Defence inks pact to repair US Navy's Seventh Fleet warships

The deal with the US Navy is estimated to bring in high-potential business for Reliance Defence.

Feb 13, 2017

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