Business news

Alibaba buys control of Lazada in $1 billion bet on SE Asia e-commerce

The Chinese e-commerce giant seeks fertile new turf while growth slows in China.

Apr 13, 2016

Asian shares extend rally on China trade relief

Shanghai stocks gained 1.9 percent while Japan's Nikkei rose 2.4 percent to its highest in eight sessions.

Apr 13, 2016

TTK Prestige spurts on acquisition of British firm Horwood Homewares

The company said the acquisition of table and cookware supplier Horwood Homewares will give it access to high-value European markets.

Apr 12, 2016

Rakuten eyes India's e-commerce market: Report

The Japenese internet services giant has opened a business office in Bengaluru and has reportedly approached execs from Amazon and Flipkart.

Apr 12, 2016

L&T Infotech takes back IPO draft prospectus

Parent company L&T cited "change in the offer structure and other considerations" as the reason behind the withdrawal.

Apr 12, 2016

RBS to close down India banking operations: Report

Regulatory issues and RBS' own plans to sell or shut two-thirds of its operations globally will see its India business closed.

Apr 12, 2016

Sony Pictures in talks to buy 9X: Report

9X Media, which operates a clutch of music channels, will be sold to Sony pictures for a reported sum of Rs. 220 crore.

Apr 12, 2016

Dell's SecureWorks valued at $1.42 billion in year's first tech IPO

Atlanta, Georgia-based SecureWorks said on Monday its offering was expected to be priced at $15.50-$17.50 per Class A share.

Apr 12, 2016

Oil prices dip but hold above $40 ahead of producer meeting

Major oil producers from the Middle East and Russia, but excluding the U.S., plan to meet in Qatar's capital Doha next Sunday.

Apr 12, 2016

Australian-Indian consortium may bid to acquire Kolar gold mining lease

The mining lease held by state-owned Bharat Gold Mines Ltd will be up for sale to the highest bidder through a government tender.

Apr 11, 2016

Need regulation without too many limitations, RBI Governor Rajan

The RBI's focus is on the inclusion of people without a smartphone, Raghuram Rajan said at the launch of the Unified Payment Interface.

Apr 11, 2016

Bharti Airtel's M Commerce gets payments bank licence from RBI

Payments bank are restricted to holding a maximum balance of Rs. 100,000 per individual customer.

Apr 11, 2016

Sensex reclaims 25000 mark on above normal monsoon forecast by Skymet

Indian benchmark stock market indices Sensex and Nifty gained more than one percent each Monday led by IT, metals, bank and telecom stocks.

Apr 11, 2016

Standard Chartered plans to sell $4.4 billion Asian loan portfolio

The bank is in talks with potential buyers to sell assets worth $1.4 billion of stressed loans made to Indian companies.

Apr 11, 2016

Tata Steel sells Scunthorpe plant to Greybull Capital

The deal amount was not disclosed, but Greybull Capital would be arranging an investment package of Â£400 million as part of the transaction.

Apr 11, 2016

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