Business news

Big basket online grocery portals e-commerce startups

BigBasket raises $150M in fresh funding; Abraaj Group, IFC, Sands Capital participate

Bigbasket raised funds to expand even as many similar portals such as Groffers, PepperTap are downsizing.

Mar 22, 2016

CBDT panel proposes digital economy tax

The proposals, if accepted by the government, would affect not only Google and Facebook but several other start-ups that rely heavily on digital advertising.

Mar 22, 2016

Airbus Group may forge some aircraft parts in India

Airbus is in talks with Mahindra & Mahindra and Bharat Forge to get some of its aircraft parts forged in India, the Economic Times reported.

Mar 22, 2016

Bharti Airtel to sell telecom towers in Tanzania

The Rs 1,192 crore deal is expected to be closed in the first half of 2016.

Mar 22, 2016

Spot gold steadies, but rate hike worries resurface

Prospects for higher interest rates were already helping the dollar revive from five-months lows touched last week.

Mar 22, 2016

Petrobras posts record loss as oil price slump forces writedowns

Petrobas had a consolidated net loss of 36.9 billion reais ($10.2 billion) in the fourth quarter, according to securities filing.

Mar 22, 2016

Marriott wins back Sheraton-owner Starwood with new offer

The bidding war for Starwood has pitted Marriott's ambitions to create the world's largest lodging company with about 5,700 hotels.

Mar 22, 2016

Indian bonds rally on rate cut expectations

Bonds yields have fallen to the lowest since 2013 over the government's prudent fiscal consolidation and deposit rate cuts on several small savings schemes.

Mar 21, 2016

HDFC Bank to declare Q4 results April 22

The fourth quarter results of Indian banks will be keenly watched for bad loans, provisioning and rate cuts.

Mar 21, 2016

Sensex crosses 25,000, Nifty above 7,700 on renewed hopes of rate cut

Hopes of a rate cut by the Reserve Bank of India increased after the government slashed small savings interest rates last Friday.

Mar 21, 2016

Investors vie for IDBI Bank's stake: Report

The IFC and CDC Group have been at the forefront of inspecting the bank's assets and liabilities and carry out due-diligence.

Mar 21, 2016

Lafarge India appoints investment bankers to initiate sale of cement units

Bids to buy Lafarge India's 11 million tonnes production capacity are expected from next week, the Business Standard reported.

Mar 21, 2016

Godrej Properties construction real estate

Godrej Properties sets up fund management unit, raises $ 275 million

Godrej Fund Management has raised the money from a group of investors led by Dutch pension fund asset manager APG Asset Management N.V.

Mar 21, 2016

Finnish firm Salcomp to set up 2 factories in India

Investment to the tune of Rs 130-150 crore would be required for the two factories, The Economic Times said.

Mar 21, 2016

Vijay Mallya, Chairman of Kingfisher Airlines

Mallya to consider employee dues, chart a new debt repayment offer

Mallya reportedly wants to stand up to his business leader credential, settle both Kingfisher Airlines loans and employee payments.

Mar 21, 2016

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