Business news

Cox & Kings sells its majority stake in UK portals for Rs. 278 crore

The tour operator sold its stake in LateRooms and Superbreak to Malvern Enterprises, a private equity fund.

Apr 5, 2016

India's Adani considering buying SunEdison assets: Reuters sources

Standing to gain from SunEdison's predicament are companies such as Adani that have solar projects and want to expand.

Apr 5, 2016

Disney expands search for new CEO, COO Staggs leaving

Disney said in a statement that the board aimed to evaluate a "robust slate of candidates."

Apr 5, 2016

New US inversion rules threatens Pfizer-Allergan deal

The changes, less than a year before President Barack Obama ends his term, follow sharp political criticism of Pfizer's and Allergan's merger.

Apr 5, 2016

Sensex, Nifty gain ahead of RBI's policy meet April 5

Shares of e-commerce retailer Infibeam, which debuted on stock exchanges Monday, ended the day with a gain of over three percent.

Apr 4, 2016

Panama Papers: The 11.5m document leak explained

A massive leak of confidential documents has revealed how the worlds elite use offshore tax havens to hide billions.

Apr 4, 2016

Blackstone Group will acquire Mphasis in a deal worth Rs. 7,285 crore

HP Enterprise owns 60.5 percent stake in Mphasis, and Blackstone has agreed to pay it Rs 430 per share.

Apr 4, 2016

Amazon plans to double equity investments in Indian arm

Amazon India has doubled its authorised capital to $2.4 billion, Mint reported.

Apr 4, 2016

ED scans Mallya's overseas assets, decides to send judicial requests to other countries

Mallya's assets in foreign locations, including South Africa, UK, US, Hong Kong and France, will be considered as a part of the probe.

Apr 4, 2016

Blackstone denies seeking to acquire Brazil mall operator

Blackstone had hired JP Morgan Chase & Co. to help it consider acquiring a controlling stake in BR Malls.

Apr 4, 2016

Oil prices fall on dimming prospect of output restraint

International Brent futures LCOc1 were down 1 percent or 40 cents at $38.27 a barrel.

Apr 4, 2016

DCB Bank launches Aadhaar-based ATM

A customer can now use his/her biometric details, instead of using a PIN number, to make cash transactions.

Apr 3, 2016

Tata Group set to expand business in Vietnam, Myanmar

Tata Steel may merge Europe business with Germany's Thyssenkrupp: Report

Tata Steel may opt for closing down U.K. operations in about six weeks if the company does not find a buyer soon.

Apr 3, 2016

Adani wins state go-ahead for $7.7 billion coal project in Australia

Environmentalists had complained the projects would harm the Great Barrier Reef in Australia and contribute to climate change.

Apr 3, 2016

Iran seeks $2.5 billion to modernise its oil tankers

Chinese firms were pushing for multi-billion-dollar deals with Iran to modernise its shipping fleet and build a high-speed railway.

Apr 3, 2016

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