Business news

Supreme Court issues notice to Mallya, gives two-weeks to reply

To a question on his whereabouts, the Centre replied the MP has left the Indian shores.

Mar 9, 2016

Hindustan Unilever settles Kodaikanal thermometer plant labour dispute with former employees

The facility was shut down in 2001 after reports emerged that mercury-contaminated glass was sold to scrap dealers a few kilometers away from the factory site.

Mar 9, 2016

Govt may scrap 5-year norm for airlines to fly overseas

However, the government may insist airlines reserve at least 20 aircraft or 20 percent of their fleet for domestic operations.

Mar 9, 2016

Ekta Kapoor increases stake in Balaji Telefilms

Ekta Kapoor is the joint MD and producer of the company's TV serials like "Yeh Hai Mohabbatein", "Naagin" and "Kumkum Bhagya"

Mar 9, 2016

California may allow partially-repaired VW diesels to remain on road

State Senator Jim Beall said allowing partially-repaired cars to continue driving on California roads raised several "moral dilemmas."

Mar 9, 2016

Sharp's banks considering additional aid as part of Foxconn deal: Source

The banks are also considering an additional commitment line for the troubled company, the source said.

Mar 9, 2016

Vivint Solar terminates $2.2 billion merger with SunEdison

The cash-and-stock deal, worth $2.2. billion when it was forged last July, had faced criticism from hedge funds and other investors.

Mar 9, 2016

People line up outside an ATM at a State Bank of India branch in Mumbai

International Women's Day: Bhartiya Mahila Bank deposits stood at Rs 751 crore in March 2015

India's first women-centric bank earned Rs 42 crore as interest on investments and a net profit of Rs 20 crore during FY2015.

Mar 8, 2016

Domestic, foreign companies and Private Equity funds eyeing Lafarge's India assets

The companies have submitted Expression of Interest (EOI) for the forth-coming bid.

Mar 8, 2016

Budget provides Rs 70,000 cr for 7th Pay implementation

The total burden on the government exchequer in implementing the 7th Pay panel recommendations is still unknown.

Mar 8, 2016

Piramal Group eyes stressed assets of real estate developers: Report

The group sees the current situation as "a good time to be in the market."

Mar 8, 2016

Indian Overseas Bank to issue 8.6 crore shares to LIC

The public sector lender needs is set to raise money to comply with Basel III norms, says a brokerage firm.

Mar 8, 2016

JPMorgan, Goldman selling 700 million Saipem shares: Traders

JPMorgan and Goldman Sachs were global coordinators in Saipem's recent 3.5 billion euro rights issue.

Mar 8, 2016

Ambani's $20 billion bet on TV, telecoms may rekindle wealthy brothers' rivalry

Mukesh Ambani's television unit has been aggressively wrapping up deals with hundreds of small players in a street-by-street effort.

Mar 8, 2016

Oil at 2016 high above $40 per barrel after producer price support talk

Oil has rallied more than 50 percent since hitting 12-year lows less than two months ago.

Mar 8, 2016

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