Business news

Oil prices stable as market seen bottoming, but oversupply lingers

Morgan Stanley warned that a slowing economy and high production would prevent sharp rises.

Mar 14, 2016

Reliance subsidiary to set up electronic hub, footwear park for Rs 1,300 crore in Haryana

The manufacturing hub in Jhajjar district would further attract additional investments of Rs 2,600 crore.

Mar 13, 2016

China's Anbang to acquire Strategic Hotels for $6.5 billion: Source

The deal comes just three months after Strategic Hotels' current owner, Blackstone Group LP, bought the company for $6 billion.

Mar 13, 2016

ONGC plans $5B investment to develop eastern gas asset

The investment may boost ONGC's natural gas output by a quarter and crude oil production by almost 15 percent in the next 4-5 years.

Mar 13, 2016

Kingfisher Airlines Vijay Mallya KFA employees protest

Vijay Mallya case: Kingfisher Airlines employees plan to move Supreme Court

The employees of now-defunct Kingfisher Airlines headed by Vijay Mallya had Saturday also written a letter to PM Narendra Modi.

Mar 12, 2016

IndiGo becomes first Asian carrier to receive Airbus A320neo

IndiGo received its first A320neo aircraft after a three-month delay in delivery.

Mar 12, 2016

Investments in Jindal Steel and Power drills a multi-crore loss in Franklin Templetion debt schemes

The investments in JSPL spanning six debt schemes were sold at a loss, said the fund manager on March 10.

Mar 12, 2016

French clothing brand Lacoste's India licence on sale: Report

The existing licence holder, Amit Judge, is planning to end his two-decade tie-up with the brand, reports Mint.

Mar 12, 2016

Credit Suisse to cut 163 jobs in New York

The cuts will be effected through May, the bank said in a regulatory filing on Thursday.

Mar 12, 2016

Apollo Global nears deal to acquire Fresh Market: Reuters sources

The deal would underscore Apollo's confidence that it can turn around companies in the highly competitive U.S. grocery sector.

Mar 12, 2016

AT&T, Starwood, Marriott working on Cuba deals ahead of Obama visit

While many U.S. companies are interested in the Cuban market, most have been slow to take advantage of the U.S. opening to Havana.

Mar 12, 2016

Nasa showcases potential new heart pump motor

An animation released by Nasa on social media on 8 March showcases a new piece of technology which could give hope to people born with a missing ventricle. The video shows a heart motor pump that uses flywheel technology produced by Doctor Mark Rodefeld at Nasaâ€™s Glenn Research Center.

Mar 11, 2016