Business news

IOC, GAIL to take 49% equity in Adani's Rs 5,000 crore LNG project: Report

Adani Group had offered Indian Oil and GAIL a 49 percent stake in Dhamra LNG project, with a capacity of five million tonnes per year, in Odisha.

Mar 27, 2016

Britain's EU exit campaign backed by 250 business leaders

Vote Leave group said it was forming a Business Council to argue that EU membership was holding back business.

Mar 27, 2016

Microsoft meets with private equity firms over Yahoo deal

Private equity firms interested in Yahoo approached Microsoft, a person familiar with the situation told Reuters.

Mar 27, 2016

The Plaza, New York, partly owned by the Sahara Group

Sahara Group gets 3-month breather from auction of its New York properties

The Sahara Group has availed of $900-million refinance facility for the two properties from Reuben brothers, who now want to recover the money.

Mar 27, 2016

Bombay Stock Exchange BSE indian stock markets equitas holdings small bank

Market cap of Sensex stocks up by Rs 38,620 crore

Indian stock markets witnessed truncated trading week in which market capitalisation of select frontline stocks rose sharply.

Mar 26, 2016

Tata Sky plans Rs 2,000 crore IPO

Loss-making Tata Sky is planning to raise funds for expansion and reduce debt.

Mar 26, 2016

Sharp, Foxconn to sign deal next week: Reuters sources

The two companies will hold board meetings on Wednesday to approve the deal and officially sign a deal the following day, said the two sources with direct knowledge of the talks.

Mar 26, 2016

Despite oil's decline, energy companies win with equity offerings

Analysts and investors said that shareholders could more easily stomach the dilution of their holdings if it means adding cash to strengthen balance sheets.

Mar 26, 2016

India's foreign exchange reserves touch a historic high of $355.94 billion

India's foreign exchange reserves rose $2.53 billion in the week ended March 18, according to RBI weekly supplement released Friday.

Mar 26, 2016

CaratLane in talks with US e-commerce firms for possible acquisition

The online firm is targeting U.S. firms that have strong brand-recall and advanced technology adaptation, the Economic Times said.

Mar 25, 2016

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

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