Business news

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

Kingfisher Airlines Vijay Mallya Airbus reduces KFA orders

ED sees political pressure in IDBI Bank's loan to Mallya

ED officials emphasised that after questioning bank officials, they strongly suspect political intervention behind the loan sanction.

Mar 23, 2016

SEBI bans Sharepro for share transfer fraud

An order by the market regulator alleged the company's registrar's operations head siphoned off dividend and did not allot shares to the rightful owners.

Mar 23, 2016

Wal-Mart jumps into milk processing, hits Dean Foods' stock

The move comes with Wal-Mart's profits weighed down by costs to increase wages and invest in its e-commerce operations.

Mar 23, 2016

Mounting debts could derail China's plans to cut steel, coal glut

Tackling industrial overcapacity has become a priority for Beijing to make its slowing economy more efficient.

Mar 23, 2016

Edelweiss to buy JPMorgan's mutual fund business in India

The assets under management of JPMorgan Asset Management India were valued at about Rs 7,081 crore.

Mar 22, 2016

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