Business news

Why Flipkart delayed joining dates of new campus hires from IIM-A, IITs

Flipkart's wavering has forced us "to rethink our strategy about this entire space," said a placement chairperson of one of the IITs.

May 26, 2016

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Biocon, PepsiCo to set up manufacturing units in Karnataka

Both Biocon and PepsiCo will be investing about Rs. 1,650 crore in Karnataka for their new manufacturing plants.

May 26, 2016

India's Dr. Reddy's enters US' $44B OTC drugs market

Dr. Reddy's has acquired six OTC brands from a U.S. drugmaker

May 26, 2016

Brent oil pushes above $50 for first time in nearly 7 months

Brent LCOc1 had climbed 31 cents to $50.05 a barrel by 0225 GMT, its highest since November 4, 2015.

May 26, 2016

List of countries where Indians can travel without visa, get visa-on-arrival

Promoters of VRL Logistics planning to float new regional airline

Promoters will invest about Rs. 1,400 crore over three years to start the airline that would operate mainly in south India.

May 25, 2016

Oil prices push closer to $50, US crude hits highest in 7 months

U.S. crude futures had climbed 62 cents to $49.24 a barrel by 0249 GMT, after ending the previous session up 54 cents.

May 25, 2016

HP Enterprise to merge IT services unit with Computer Sciences

HPE is expected to have $33 billion in annual revenue after the spin off and will concentrate on its remaining enterprise group.

May 25, 2016

India invites bids for small oil, gas fields after 6 years

Sixty-seven of these fields to be offered in 46 contracts hold in-place reserves of 85 million metric tonnes of oil.

May 24, 2016

Government order on GM seeds royalty fee kept in abeyance: Report

Monsanto collected Rs. 530 crore annually as royalty fee for its Bt cotton seed technology.

May 24, 2016

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Cinepolis to spend Rs. 400 crore to expand screen count in India

The Mexican multiplex chain intends to add 160 more screens in India by 2017, just like its rivals Inox and PVR.

May 24, 2016

Time ripe to merge state-run banks, says Banks Board Bureau chief

Vinod Rai said the consolidation exercise would cut the number of state banks to no more than six from 27 now.

May 24, 2016

Axis Bank plans to raise $500 million via green bonds: Report

The proceeds from the $500 million to be raised by Indian lender Axis Bank will be utilised to finance clean energy projects.

May 24, 2016

Ramdev's Patanjali to enter digital healthcare space

The yoga guru plans to launch an online venture for Ayurvedic consultations, the Times of India reported.

May 24, 2016

Samsung Galaxy C9 Pro launched in China, India availability unknown

Electronics giant Samsung may enter US drug market with Remicade biosimilar

Samsung's affiliate said that USFDA has accepted to review its replica drug.

May 24, 2016

Tribune gets $70.5 million investment, rejects Gannett offer

Tribune also rejected Gannett Co Inc's latest takeover offer of $15 per share but would allow Gannett access to some confidential corporate information.

May 24, 2016

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