Business news

Music streaming company Spotify raises $1 billion in convertible debt

The deal is expected to close at the end of this week, Spotify spokeswoman Marni Greenberg confirmed to Reuters.

Mar 30, 2016

Tata Steel puts entire UK business up for sale

Tata said it would "explore all options for portfolio restructuring, including the potential divestment of Tata Steel UK, in whole or in parts".

Mar 30, 2016

Supreme Court allows SEBI to sell some Sahara properties

The money raised will be used to refund millions of investors from whom the Sahara Group collected money illegally.

Mar 29, 2016

Ashok Leyland bags Rs 800-crore defence contract

The automobile manufacturer will supply 450 field artillery tractors and 825 ambulance units to the Indian armed forces.

Mar 29, 2016

Walt Disney may open 50 retail stores in India

The entertainment company would likely collaborate with DLF Brands, a subsidiary of DLF Limited, the Economic Times reported.

Mar 29, 2016

Saab wants to make India its manufacturing base

The Swedish defence firm intends to offer niche products catering to all three services -- Army, Navy and Air Force -- of the defence sector.

Mar 29, 2016

Life Insurance Corporation LIC premium insurance bima diamond plan money back

LIC now owns 14.37% stake in IDBI Bank after new preferential issue

The bank intends to raise both its equity and debt capital to meet global norms of efficiency by March 2019.

Mar 29, 2016

China's Anbang raises offer for Starwood to $14 billion

The offer is the latest challenge to the U.S. hotel operator's merger with Marriott International Inc.

Mar 29, 2016

Japan's NTT Data agrees to buy Dell's IT services unit for $3 billion

The sale will also offer NTT Data, one of the world's largest technology services companies, a bigger foothold in the United States.

Mar 29, 2016

Yahoo sets April 11 deadline for preliminary bids: WSJ

A deadline for preliminary bids in April could mean that Yahoo could close a deal by June or July.

Mar 29, 2016

JSW Energy eyeing distressed power plants: CFO

JSW Group CFO Seshagiri Rao said there were several attractive opportunities in the power sector hit by coal mine cancellations.

Mar 29, 2016

ONGC to invest $5B in KG basin

The production of oil and gas from the field will contribute $585 million to ONGC's profit and $1.86 billion to revenues from 2020-2021.

Mar 28, 2016

Sensex, Nifty close down over 1% on profit booking; Infosys hits 52-week high

Indian benchmark indices Sensex and Nifty lost almost 1.5 percent on profit-booking Monday.

Mar 28, 2016

Play

Oculus Rift founder Palmer Luckey hand delivers first headset to developer and gamer in Alaska

Software developer Ross Martin was lucky enough to receive his Oculus Rift headset from tech titan.

Mar 28, 2016

The Kempe Gowda International Airport in Bengaluru

GVK to sell 33% stake in Bangalore International Airport for Rs 2,149 crore

GVK said it will reduce debt by Rs 2,000 crore and would save interest cost of Rs 300 core every year.

Mar 28, 2016

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