Business news

Enforcement Directorate issues fresh summons to Vijay Mallya

He has been asked to appear before April 9 in connection with the money-laundering case.

Apr 2, 2016

Coal India coal theft Mahanadi Coalfields

Coal India FY2016 output rises 8.6%, but falls short of target

State-run Coal India's output was 536.5 million tonnes, almost 15 million short of 550 million tonnes it had targeted.

Apr 2, 2016

HCL Technologies to buy Geometric Ltd in all-stock deal

Geometric shareholders will receive 10 shares in HCL for every 43 shares of Geometric as part of the stock-swap.

Apr 2, 2016

Time Inc considers taking on private equity partner for Yahoo bid: Reuters

Yahoo's web business is estimated to be worth several billion of dollars more than Time Inc's market capitalisation of just $1.6 billion.

Apr 2, 2016

Tata Motors buses commercial vehicle sales

Commercial vehicle makers post double-digit growth in March

Domestic sales of Ashok Leyland, Tata Motors, Eicher Motors and Mahindra grew in the range of 20 percent to 44 percent in March this year.

Apr 1, 2016

Flipkart acquires mobile payments start-up PhonePe

Bengaluru-based PhonePe was co-founded by former Flipkart employees Sameer Nigam and Rahul Chari.

Apr 1, 2016

India expects $500M AIIB loan for solar power projects in 2016

India needs $100 billion to increase its solar power capacity to 100 gigawatts over next six to seven years.

Apr 1, 2016

L&T expects defence orders worth Rs. 50,000 crore in 3 years

The company is expecting orders in four areas of defence â€” guns and armoured vehicles, submarines, communications and ships.

Apr 1, 2016

Taxman asks break-up of net worth of those earning over Rs. 50 lakh

New schedule added to tax return forms may pose fresh challenges to taxpayers.

Apr 1, 2016

March car sales: Find out how Maruti Suzuki, Hyundai, Renault, Mahindra, Honda performed

Maruti Suzuki's sales grew 14.6 percent, Hyundai registered 4.2 percent growth and Renault India's sales more than doubled in March 2016.

Apr 1, 2016

IndiGo hiking domestic ticket cancellation charge drives up stock

The revised domestic fee cancellation charge of Rs 2,250 will be applicable from April 1, 2016.

Apr 1, 2016

India's UltraTech buys Jaiprakash cement plants in new $2.4 billion deal

The two firms had signed a deal last month under which UltraTech was to buy 22.4 million tonnes of cement capacity from Jaiprakash for 165 billion rupees.

Apr 1, 2016

Boeing takes spare-part making from Spirit AeroSystems

The spare parts Spirit makes under license, will be shifted to Boeing over about two years, according to two people familiar with the matter.

Apr 1, 2016

GE Capital asks US Govt to lift 'too big to fail' designation

Chief Executive Officer Keith Sherin said that the General Electric Co unit no longer met the criteria for a "systemically important financial institution."

Apr 1, 2016

China's Anbang abandons $14 billion bid to buy Starwood Hotels

The surprise withdrawal marks an anticlimactic end to a bidding war that had pitted Marriott's ambitions to create the world's largest lodging company.

Apr 1, 2016

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