Business news

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

Softbank plans for current year include splitting domestic and overseas operations

Softbank to split domestic and global operations by December 2016

Softbank's strategic move is at positioning its two core businesses as future growth drivers.

Mar 7, 2016

Women's Day: ICICI Bank offers work-from-home option for women employees

The bank also said it will take care of travel and stay expenses of children and caregivers of women managers.

Mar 7, 2016

Air India will operate 20 all-women domestic flights on March 8

The airline celebrates International women's day every year by deploying only women on certain sectors.

Mar 7, 2016

AirAsia slashes fares on select routes

AirAsia has announced promotional fares between select destinations on both domestic and international routes.

Mar 7, 2016

Suzuki to raise $1.8 billion for India expansion: Report

The Japanese company will be investing the amount in its wholly-owned subsidiary to make cars at its Gujarat facility in India.

Mar 7, 2016

Pharma crusader Dinesh Thakur takes India's drug regulators to court

Thakur has accused the drug regulators of failing to enforce rules on drug safety in the $15 billion industry.

Mar 7, 2016

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