Business news

Monsanto JV faces anti-trust probe in India for 'overpricing' GM cotton seeds

The Competition Commission of India is investigating whether Mahyco Monsanto Biotech abused its dominant position as a supplier of GM cotton seeds.

Feb 18, 2016

India, US in talks to make F-16 fighter jets in India

Lockheed Martin, the manufacturer of F-16 fighter jets, said it is ready to make the jets in India.

Feb 18, 2016

Shire pharmaceuticals is our share tip of the week - five reasons to invest

Edmund Shing explains why now is a great time to invest in UK pharmaceuticals company Shire Plc.

Feb 18, 2016

KKR picks up 10% stake in Max Financial Services

The Analjit Group company, earlier Max India, concluded a three-way split in January this year.

Feb 18, 2016

Foxconn's mum on $5 billion investment worries Maharashtra govt

Acquiring Japanese electronics major Sharp for $ 5.3 billion may be more important for Foxconn, the Business Standard reports.

Feb 18, 2016

Temples and mosques will soon become internet hubs

Temples and mosques to become Internet hubs soon: Report

Hindu BusinessLine quoted Tata Communications as saying it aimed to provide high-speed Internet connectivity in 10,000 villages.

Feb 18, 2016

Cipla completes acquisition of 2 US pharma companies

The acquisition of InvaGen and Exelan will boost Cipla's US business, which currently accounts for 8% of its revenue.

Feb 18, 2016

DoT's revenue may touch Rs 49,200 crore in FY17 from spectrum auctions

The Department of Telecom's estimated revenue in FY17 will be Rs 4,000 crore higher than the projected amount in this fiscal.

Feb 18, 2016

Britannia to invest Rs 900 crore in new manufacturing, R&D facilities

Britannia will also make new investments in cakes, biscuits, Rusk and dairy products.

Feb 18, 2016

Snapdeal fined for misleading customers with iPhone 5s offer

Flipkart, Snapdeal, Amazon surpassed top 10 offline retailers in gross sales last year

A Morgan Stanley report estimates the number of online shoppers in India to grow to 320 million by 2020 from 50 million in 2015.

Feb 18, 2016

Oil up 7% as Iran welcomes output freeze without word on cuts

Tehran has been the main obstacle to the first joint OPEC and non-OPEC deal in 15 years.

Feb 18, 2016

Amazon expanding deliveries by its 'on-demand' drivers

If the gambit works, analysts said it could help Amazon contain its shipping costs, which grew more than $11.5 billion in 2015.

Feb 18, 2016

Yahoo to cut more than 300 jobs: San Francisco Chronicle

The layoffs reportedly affect people in Yahoo's media division, as well as employees in other roles such as engineering or research.

Feb 18, 2016

Jessica Alba's firm faces lawsuit over fraudulent labelling

The lawsuit alleges Honest Company misled consumers by claiming its products to be "natural" and "chemical-free."

Feb 17, 2016

Zika virus: FDA recommends ban on blood collections from affected areas

The US Food and Drug Administration (FDA) has recommended that blood no longer be collected from regions where the Zika virus is circulating, and that blood needed for transfusions be obtained from areas of the United States without active transmission. The agency said blood banks can continue collecting and preparing platelets and plasma if an FDA-approved pathogen-reduction technology is used. Current pathogen-reduction technology is not approved to treat whole red blood.

Feb 17, 2016