Business news

Reactions to Budget 2016: 'No immediate stimulus to create disposable income or employment'

Finance Minister Arun Jaitley presented Budget 2016 Monday, Feb. 29.

Feb 29, 2016

Arun Jaitley hints at privatisation of IDBI Bank, stock gains 16%

The government currently holds 80 percent stake in the bank.

Feb 29, 2016

L&T mulls selling 49% stake in insurance business to foreign firm: Report

A Business Standard report said that the deal is likely to be finalised in the next three to six months.

Feb 29, 2016

Coca-Cola looking to sell India bottling operations for $1 billion: Report

A report on The Economic Times said that the company's India unit is satisfied with the current framework for operations.

Feb 29, 2016

Budget 2016 disappoints stock markets

Arun Jaitley's budget focused on rural development and tax amnesty.

Feb 29, 2016

EPA requests information from Mercedes-Benz over emission levels

Daimler said the EPA request for information comes in response to a class-action lawsuit filed by law firm Hagens Berman.

Feb 29, 2016

L&T bags Rs 800-crore construction contract from DLF

According to market sources, the deal was reportedly worth Rs 12,000 crore.

Feb 28, 2016

UltraTech buys Jaypee's cement business for Rs 16,500 crore

The deal will enhance UltraTech's cement manufacturing capacity to 90.7 million tonnes per annum and provide access to new markets in India.

Feb 28, 2016

5/20 aviation rule: AirAsia CEO takes a dig at older airlines

Tony Fernandes was responding to allegations made by older airlines that AirAsia is remote-controlled from Malaysia.

Feb 28, 2016

Budget may ease concerns over retrospective taxation

Foreign investors had expected that the Narendra Modi government would "quickly" resolve such tax issues.

Feb 28, 2016

Zee Media Corp to acquire 80% stake in 2 firms of India Today group

The deal is valued at Rs 168 crore, to be paid in portions over the next four years.

Feb 28, 2016

Future Group to add 100-150 new stores over 5 years

Offline retailers are facing intense competition from online retailers as more customers are switching to online shopping.

Feb 28, 2016

Govt likely to issue 10 lakh e-Tourist visas this year

At present, 3,500 e-Tourist visas are being granted on average daily to foreign nationals.

Feb 28, 2016

BRICS bank signs pact to have headquarters in Shanghai

The move will give legal status to the multilateral lender.

Feb 28, 2016

VW ex-CEO told of defeat device admission weeks before news was public: BamS

Volkswagen's US CEO Michael Horn told a US House of Representatives the company had told regulators Sept. 3, 2015, it was using defeat devices.

Feb 28, 2016

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