Business news

L&T Infotech takes back IPO draft prospectus

Parent company L&T cited "change in the offer structure and other considerations" as the reason behind the withdrawal.

Apr 12, 2016

RBS to close down India banking operations: Report

Regulatory issues and RBS' own plans to sell or shut two-thirds of its operations globally will see its India business closed.

Apr 12, 2016

Sony Pictures in talks to buy 9X: Report

9X Media, which operates a clutch of music channels, will be sold to Sony pictures for a reported sum of Rs. 220 crore.

Apr 12, 2016

Dell's SecureWorks valued at $1.42 billion in year's first tech IPO

Atlanta, Georgia-based SecureWorks said on Monday its offering was expected to be priced at $15.50-$17.50 per Class A share.

Apr 12, 2016

Oil prices dip but hold above $40 ahead of producer meeting

Major oil producers from the Middle East and Russia, but excluding the U.S., plan to meet in Qatar's capital Doha next Sunday.

Apr 12, 2016

Australian-Indian consortium may bid to acquire Kolar gold mining lease

The mining lease held by state-owned Bharat Gold Mines Ltd will be up for sale to the highest bidder through a government tender.

Apr 11, 2016

Need regulation without too many limitations, RBI Governor Rajan

The RBI's focus is on the inclusion of people without a smartphone, Raghuram Rajan said at the launch of the Unified Payment Interface.

Apr 11, 2016

Bharti Airtel's M Commerce gets payments bank licence from RBI

Payments bank are restricted to holding a maximum balance of Rs. 100,000 per individual customer.

Apr 11, 2016

Sensex reclaims 25000 mark on above normal monsoon forecast by Skymet

Indian benchmark stock market indices Sensex and Nifty gained more than one percent each Monday led by IT, metals, bank and telecom stocks.

Apr 11, 2016

Standard Chartered plans to sell $4.4 billion Asian loan portfolio

The bank is in talks with potential buyers to sell assets worth $1.4 billion of stressed loans made to Indian companies.

Apr 11, 2016

Tata Steel sells Scunthorpe plant to Greybull Capital

The deal amount was not disclosed, but Greybull Capital would be arranging an investment package of Â£400 million as part of the transaction.

Apr 11, 2016

Hard Rock Cafe's India franchisee to raise fund, expand outlets

The company would expand outlets and launch Chinese food chain Panda Express in India by August 2016.

Apr 11, 2016

Larsen & Toubro bags orders worth $370 million from Oman

The contracts involve EPC works for Petroleum Development Oman LLC at two of its gas producing facilities.

Apr 11, 2016

DLF begins process of rental arm stake sale to PE investors

The value of the stake deal is estimated to be between Rs 12,000 to Rs 14,000 crore.

Apr 11, 2016

Daily Mail parent in talks with private equity for Yahoo bid: WSJ

Daily Mail & General Trust PLC's potential bid could take one of two forms, according to the Wall Street Journal report.

Apr 11, 2016

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