Business news

ONGC Videsh, Oil India and Indian Oil to sign $2 billion deal with Rosneft

OIL will team up with IOC and BPRL to acquire 30 percent stake in the Taas-Yuryakh oil and gas fields in East Siberia, reported the Financial Express.

Mar 15, 2016

Coal India coal theft Mahanadi Coalfields

Coal India to leverage technology to curb $1 billion in theft annually

The anti-theft measures include electronic fencing of mines and installation of GPS equipment in vehicles, reports Reuters.

Mar 15, 2016

VW institutional investors file $3.61 billion suit in Germany

The lawsuit, for damages of $3.61 billion, was filed at a regional court in Braunschweig in VW's home state of Lower Saxony, Germany.

Mar 15, 2016

China's Anbang challenges Marriott with $13 billion Starwood offer

The non-binding bid, would represent by far the biggest Chinese investment in U.S. real estate assets.

Mar 15, 2016

Asian share markets wary before Bank of Japan, US Fed verdicts

Japan's Nikkei tacked on 0.1 percent after hitting a six-week high Monday.

Mar 15, 2016

Art of Living-promoted Sri Sri Ayurveda poses threat to FMCG majors

Sri Sri Ravi Shankar's Art of Living sells a range of Ayurveda products and naturals, competing with established FMCG brands.

Mar 14, 2016

Bangalore airport passenger traffic up 23%

The airport handled 17.3 million passengers, up from 14.1 million in the corresponding period last fiscal.

Mar 14, 2016

9th Defence Expo to be held in Goa from March 28-31; 46 countries, 978 firms to participate

Approximately 978 companies have shown interest in participating for the four-day event.

Mar 14, 2016

DBS likely to acquire Royal Bank of Scotland's India operations

The deal, potentially valued at Rs 1,000 crore, is expected to be finalised later during the week, The Economic Times reported.

Mar 14, 2016

Ex-employee sues VW in US over data deletion: German media

The former VW employee was alleging that VW in the United States had destroyed evidence in relation to the emissions scandal.

Mar 14, 2016

Oil prices stable as market seen bottoming, but oversupply lingers

Morgan Stanley warned that a slowing economy and high production would prevent sharp rises.

Mar 14, 2016

Reliance subsidiary to set up electronic hub, footwear park for Rs 1,300 crore in Haryana

The manufacturing hub in Jhajjar district would further attract additional investments of Rs 2,600 crore.

Mar 13, 2016

China's Anbang to acquire Strategic Hotels for $6.5 billion: Source

The deal comes just three months after Strategic Hotels' current owner, Blackstone Group LP, bought the company for $6 billion.

Mar 13, 2016

ONGC plans $5B investment to develop eastern gas asset

The investment may boost ONGC's natural gas output by a quarter and crude oil production by almost 15 percent in the next 4-5 years.

Mar 13, 2016

Kingfisher Airlines Vijay Mallya KFA employees protest

Vijay Mallya case: Kingfisher Airlines employees plan to move Supreme Court

The employees of now-defunct Kingfisher Airlines headed by Vijay Mallya had Saturday also written a letter to PM Narendra Modi.

Mar 12, 2016

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