Business news

Germany's Lufthansa Group swings to loss in March quarter

Lufthansa Group reported net loss of â‚¬8 million for the January to March 2016 quarter and a 3.9 percent fall in traffic revenues.

May 3, 2016

After free drinks and food, Tata Starbucks woos employees with 5-day week

The decision is in line with the goal of becoming an "Employer of choice in India", according to Tata Starbucks.

May 3, 2016

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Tribhovandas Bhimji Zaveri Q4 net profit, revenues hit due to jewellers' strike

Mumbai-based jewellery retailer Tribhovandas Bhimji Zaveri (TBZ) reported net loss as against profit in Q4 last fiscal.

May 3, 2016

Kishore Biyani resigns as managing director of Future Retail

Kishore Biyani would however continue to hold the post of a non-executive director of Future Retail Limited.

May 3, 2016

Baker Hughes tries to reassure investors as Halliburton deal fails

Both had hoped the merger would help them weather the worst oil price crash in a generation.

May 3, 2016

Nalco to buy back stake worth $450 million from government: Report

Nalco's stock price stood at Rs. 46.35 per share, valuing the company at Rs. 11.9 lakh crore.

May 2, 2016

Vijay Mallya resigns from Rajya Sabha

The Parliamentary Ethics Committee was scheduled to meet Tuesday and was likely to expel the MP from the upper house.

May 2, 2016

Renault India domestic car sales zoom in April

Domestic car sales rose 211 percent to 12,426 vehicles over 4,001 cars sold in April 2015, Renault India said in a statement on Monday.

May 2, 2016

Convergys in advanced talks to buy BPO firm Minacs: Report

If the deal materialises, it could be worth $500 million acquisition, the Mint reported.

May 2, 2016

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Wipro, Saudi Aramco, Princess Nourah University launch Saudi Arabia's first all-women business park

The all-women business park is expected to create 21,000 jobs for Saudi women over 10 years.

May 2, 2016

Bajaj Auto, Royal Enfield motorcycle sales rise in April

Bajaj Auto reported 25 percent volume growth, while Royal Enfield motorcycle sales rose 42 percent in April.

May 2, 2016

Cars domestic car sales sale of cars in India

Maruti Suzuki, Hyundai, Mahindra domestic car sales rise in April

However, exports by Maruti Suzuki dropped 13.7 percent, while Hyundai witnessed a 6.5 percent fall in exports in April.

May 2, 2016

Liberty House confirms bidding for Tata Steel's UK business

Indian-origin businessman Sanjeev Gupta-owned Liberty House was one of the first companies to show interest in buying Tata Steel's UK business.

May 2, 2016

Tata Power may acquire Welspun's wind solar assets

The Tata Power-Welspun deal is valued at Rs. 9,627 crore, the Economic Times reports.

May 2, 2016

India's Lupin to scale up brand, specialty business in US

Lupin said it is looking to launch new products, acquire brands and specialty companies in the United States.

May 2, 2016

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