Business news

Tata Steel UK agrees to sell 2 plants in Scotland

The deal involves sale of the Clydebridge and Dalzell steel plants in Scotland.

Mar 25, 2016

US firm faces Rs 20 crore penalty for illegally outsourcing work to India

The company sent personal information of over 16 million people to the Indian firm.

Mar 25, 2016

Microsoft told potential Yahoo bidders it might back bids: Report

Microsoft's move is an attempt to ensure a good relationship with Yahoo's buyer, Recode reported.

Mar 25, 2016

Russia clears ONGC's $1.3 billion Vankor stake deal: Interfax

This month, ONGC signed an initial deal to raise its stake in Vankor to 26 percent from 15 percent.

Mar 25, 2016

Essar Steel Minnesota hires debt restructuring advisers: Sources

The company is in the final stages of building a $1.8 billion iron ore pellet plant in northern Minnesota.

Mar 25, 2016

FIIs remain net buyers of Indian equities in truncated trading week

During the three-day week, the S&P BSE Sensex gained 1.54 percent to close at 25,337 Wednesday.

Mar 24, 2016

Play

Why the sugar tax is a sweet deal for Tate and Lye, Pure Circle and Whitbread

A proposed tax on imported sugar-sweetened drinks may have some surprising beneficiaries.

Mar 24, 2016

Karnataka HC says Bt-seed royalty is a private agreement

The high court said: "Trait value is not one of the components to be included for fixing the cottonseed price."

Mar 24, 2016

VW, EPA expect not to unveil diesel settlement on Thursday: Reuters sources

Volkswagen and regulators are likely to tell US district judge Charles Breyer they are making good progress toward reaching a deal.

Mar 24, 2016

Sun Life eyes more Asia expansion after Indonesian deal

Sun Life said it would buy the remaining 51 percent of CIMB Sun Life (CSL) to further expand its presence in a key Asian growth market.

Mar 24, 2016

Heineken raises stake in India's United Breweries to 43%

Heineken, which bought a 37.5 percent equity stake in United Breweries in 2008, previously owned 42.2 percent of United Breweries.

Mar 24, 2016

Buyers sue DLF for Rs 900 crore over delay in flat delivery

Around 330 flat buyers in Bengaluru are seeking Rs 900 crore in damages over delay in giving possession of flats and hiking prices.

Mar 23, 2016

PSU energy firms to set up start-up fund

The fund would create a corpus to invest in new business models in the energy sector and bring efficiency.

Mar 23, 2016

Govt mulling 49% stake sale in Air India: Report

The government may soon form a panel to look at the possibility of a stake sale, Reuters reported, citing NewsRise Financial.

Mar 23, 2016

Infosys in the dock over corporate ethics

Infosys is being questioned for re-appointing an independent director for a third term, against the spirit of corporate governance norms.

Mar 23, 2016

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