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Six months into 'Dieselgate' scandal, gloom deepens in Volkswagen's hometown

People in Wolfsburg are also worried about VW's failure to agree with U.S. authorities on how to fix rigged U.S. cars.

Mar 19, 2016

Gold bars gold gold prices

Sovereign gold bond scheme fetched govt just Rs 1,400 cr against Rs 15,000 cr targeted

These schemes were launched to discourage citizens from hoarding physical gold.

Mar 18, 2016

Bombay Stock Exchange BSE indian stock markets equitas holdings small bank

TCS, GAIL lift Sensex to 2-month high; Nifty closes above 7,600

Benchmark indices Sensex and Nifty closed with gains of over one percent each Friday.

Mar 18, 2016

Bombay Stock Exchange building

Shares of Eros International Media flare up on BSE

Eros International, distributor of hit Hindi film "Bajirao Mastani," was trading with gains of almost 12 percent.

Mar 18, 2016

TransCanada to buy Columbia Pipeline Group for $10.2 billion

TransCanada will offer $25.50 per share in cash for each Columbia Pipeline share, an 8.5 percent premium to the stock's Thursday close.

Mar 18, 2016

JPMorgan increases stock buyback program by up to $1.88 billion

The bank has got a non-objection from the board of governors of the Federal Reserve System to increase the amount for the share repurchase.

Mar 18, 2016

Blackstone nears deal to buy HP Enterprise stake in India's Mphasis: Reuters sources

HPE owns roughly 60.5 percent stake in MphasiS, and the U.S.-based parent had been looking to exit from the Indian venture to shore up its capital.

Mar 18, 2016

Indian rupee MFs

IFC issues $30 million in 15-year Masala bonds

Proceeds of the bonds will be used to advance private sector development in India.

Mar 17, 2016

'Kapoor and Sons': Will Fox Star Studios make money at the box office?

"Kapoor and Sons" has been produced by Karan Johar's Dharma Productions and stars Alia Bhatt, Sidharth Malhotra and Fawad Khan.

Mar 17, 2016

Nike unveils HyperAdapt 1.0 self-lacing shoe

Sportswear firm Nike launched a series of new products including self-lacing shoes, transparent air-filled soles and soccer cleats made from a polymer that prevents mud from sticking to the sole at a glitzy event in New York on 16 March.

Mar 17, 2016

Dutch firm Heineken may ask Mallya to step down from UB board: Report

Heineken could either ask Mallya to step down from the board or call a shareholding meeting to vote for having him removed.

Mar 17, 2016

Canon buys Toshiba Medical Systems Corporation for $6.1 billion

Canon buys Toshiba's medical unit for $6.1B

The deal comes at a time when Toshiba is undergoing a massive restructuring to recover from 2015's accounting scandal.

Mar 17, 2016

Kingfisher Airlines Vijay Mallya Airbus reduces KFA orders

Airbus continues trimming Kingfisher's orders from its book

The now-defunct Kingfisher Airlines belonging to Vijay Mallya's UB Group had ordered 15 aircraft, Airbus said.

Mar 17, 2016

Mallya's Kingfisher House finds no taker in e-auction

An analyst had said before the auction that the base price was too high at Rs 150 crore.

Mar 17, 2016

Toshiba plans $3.2B investment in new Japan chip facility

Toshiba continues restructuring efforts amid US probe reports; plans $3.2B investment in new Japan chip facility

The company's shares fell as reports of the U.S. probe broke.

Mar 17, 2016

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