Business news

Saab wants to make India its manufacturing base

The Swedish defence firm intends to offer niche products catering to all three services -- Army, Navy and Air Force -- of the defence sector.

Mar 29, 2016

Life Insurance Corporation LIC premium insurance bima diamond plan money back

LIC now owns 14.37% stake in IDBI Bank after new preferential issue

The bank intends to raise both its equity and debt capital to meet global norms of efficiency by March 2019.

Mar 29, 2016

China's Anbang raises offer for Starwood to $14 billion

The offer is the latest challenge to the U.S. hotel operator's merger with Marriott International Inc.

Mar 29, 2016

Japan's NTT Data agrees to buy Dell's IT services unit for $3 billion

The sale will also offer NTT Data, one of the world's largest technology services companies, a bigger foothold in the United States.

Mar 29, 2016

Yahoo sets April 11 deadline for preliminary bids: WSJ

A deadline for preliminary bids in April could mean that Yahoo could close a deal by June or July.

Mar 29, 2016

JSW Energy eyeing distressed power plants: CFO

JSW Group CFO Seshagiri Rao said there were several attractive opportunities in the power sector hit by coal mine cancellations.

Mar 29, 2016

ONGC to invest $5B in KG basin

The production of oil and gas from the field will contribute $585 million to ONGC's profit and $1.86 billion to revenues from 2020-2021.

Mar 28, 2016

Sensex, Nifty close down over 1% on profit booking; Infosys hits 52-week high

Indian benchmark indices Sensex and Nifty lost almost 1.5 percent on profit-booking Monday.

Mar 28, 2016

Oculus Rift founder Palmer Luckey hand delivers first headset to developer and gamer in Alaska

Software developer Ross Martin was lucky enough to receive his Oculus Rift headset from tech titan.

Mar 28, 2016

The Kempe Gowda International Airport in Bengaluru

GVK to sell 33% stake in Bangalore International Airport for Rs 2,149 crore

GVK said it will reduce debt by Rs 2,000 crore and would save interest cost of Rs 300 core every year.

Mar 28, 2016

Tata Sons to hike stake in AirAsia India as Arun Bhatia's Telestra exits

Tata Sons and two directors will buy out Telestra Tradeplace's 9.94 percent in the loss-making airline.

Mar 28, 2016

IDBI Bank's 4-day strike challenges privatisation

The strike called by the United Platform of IDBI Bank Unions follows two failed reconciliatory meetings with the labour commissioner.

Mar 28, 2016

550 MW of wind power projects could soon become non-performing assets

The Rs 4,000 crore projects are abandoned since the MSEDCL has refused to sign power purchase agreements, reports the Economic Times

Mar 28, 2016

DCW curbs threat to women safety in Delhi; issues notices to Uber, Ola and three others on fleet, driver details

Uber adds another $500 million to ramp up India operations

The decision may start a regime of heavy discounts for commuters and incentives for drivers.

Mar 28, 2016

Qatar's Al Jazeera network laying off 500 employees

Before the lay-offs, the network had about 4,000 staff, a spokesman said.

Mar 28, 2016

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Business news

Saab wants to make India its manufacturing base

LIC now owns 14.37% stake in IDBI Bank after new preferential issue

China's Anbang raises offer for Starwood to $14 billion

Japan's NTT Data agrees to buy Dell's IT services unit for $3 billion

Yahoo sets April 11 deadline for preliminary bids: WSJ

JSW Energy eyeing distressed power plants: CFO

ONGC to invest $5B in KG basin

Sensex, Nifty close down over 1% on profit booking; Infosys hits 52-week high

Oculus Rift founder Palmer Luckey hand delivers first headset to developer and gamer in Alaska

GVK to sell 33% stake in Bangalore International Airport for Rs 2,149 crore

Tata Sons to hike stake in AirAsia India as Arun Bhatia's Telestra exits

IDBI Bank's 4-day strike challenges privatisation

550 MW of wind power projects could soon become non-performing assets

Uber adds another $500 million to ramp up India operations

Qatar's Al Jazeera network laying off 500 employees

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]