Business news

Cement majors seek change in MMDR Act to allow M&As

The present MMDR Act does not automatically transfer the limesotne mining rights to the new owner if the acquisition is partial.

Mar 6, 2016

Egypt providing Indian firms duty-free access to overseas markets: Report

The bilateral trade between India and Egypt stands at approximately $5 billion every year.

Mar 6, 2016

Govt to launch third tranche of gold bond scheme on March 8

In the second tranche, it had received 3.16 lakh applications for 2,790 kg of gold valued at about Rs 726 crore.

Mar 5, 2016

Air India Express to post Rs 250 crore profit for this fiscal: Report

The airline has been able to maintain a passenger load factor of 83 percent, despite increased competition from domestic players.

Mar 5, 2016

Workers strike at ArcelorMittal Mexico plant over job cuts

More than 3,000 workers have gone on strike over job cuts and stopped operations at the plant in Lazaro Cardenas, Michoacan.

Mar 5, 2016

Crude oil prices likely to hit $55 per barrel in 12 months

However, oil prices are likely to remain under pressure in the short term.

Mar 4, 2016

Snapchat valuation reaches $20 billion with new round of funding: Report

Snapchat raises $175M in fresh funding; valuation unchanged at $16B: Report

Fidelity Investments bought Snapchat's shares at $30.72 per share in February, the Wall Street Journal reported.

Mar 4, 2016

Beaten-down BSE 500 stocks return decent gains in 3 days

While Suven Life shares posted 33 percent gains, share prices of Delta Corp, Marksans Pharma and Hathway Cable went up by 27 percent each.

Mar 4, 2016

Cancers Achilles heel: Immunotherapy breakthrough as scientists discover flag to target tumours

Researchers say they can harness a patients immune system to kill malignant tumours.

Mar 4, 2016

PepsiCo bottler to issue Rs 1,000 crore IPO: Report

The company is reportedly planning to utilise the funds raised through the IPO, to be issued in early 2017, to expand its bottling operations.

Mar 4, 2016

Amazon's second-largest global delivery centre to come up in Hyderabad

The move comes after Amazon decided to build its largest warehouse near Andhra Pradesh's capital city.

Mar 4, 2016

RBI checks finance ministry's Budget calculations

Monetary policy review around the corner, officials at RBI are poring over the Budget and redoing the fiscal math.

Mar 4, 2016

Adani Group in talks to buy Jindal Power for Rs 20,000 crore: Report

A report by The Economic Times said that Jindal group will use a major part of the deal amount to trim the debt of its steel subsidiary.

Mar 4, 2016

Samsonite offers to buy premium luggage group Tumi for $1.8 billion

Samsonite said it would fund the deal through bank financing and the transaction was expected to close in the second half of 2016.

Mar 4, 2016

Yahoo exploring sale of $1 billion-$3 billion in 'non-core assets': CFO

Yahoo CFO Ken Goldman said patents, land, property and "non-core units or businesses" are all on the table for potential sale.

Mar 4, 2016

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