Business news

Vijay Mallya's passport suspended

The Enforcement Directorate recently sought the revocation of Mallya's passport after he failed to appear before the agency thrice.

Apr 15, 2016

Start-up funding falls as wary investors wait and watch

Investment continued to decline in the first quarter with growing investor hesitation and concerns of overvaluation.

Apr 15, 2016

Bidders line up for India's first airport mall

The Rs. 600-crore mall would come up at Indira Gandhi International Airport, Mint reported.

Apr 15, 2016

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Infosys Q4 net profit grows 3.8% to Rs. 3,597 crore; clientele touches 1092

On a year-on-year basis, Infosys reported a consolidated profit rise of 9.4 percent to Rs.13,491 crore, and a revenue growth of 17.1 percent to Rs.62, 441 crore.

Apr 15, 2016

Asia subdued before oil producers' meeting, China GDP taken in stride

Japan's Nikkei was down 0.3 percent, while Australian shared edged up 0.4 percent.

Apr 15, 2016

Naturals acquires stake in Yuvraj Singh-funded Vyomo for Rs. 100 crore

With the deal, Naturals would foray into the unorganised yet thriving on-demand beauty services space.

Apr 14, 2016

BHEL wins order worth Rs. 282 crore to build 50 MW power plant in Madhya Pradesh

The order awarded by NTPC is to build the solar power plant on engineering, procurement and construction basis.

Apr 14, 2016

Sean Parker sets up $250m cancer immunotherapy collaboration

A $250m (Â£177m) grant from Silicon Valley billionaire Sean Parker, announced on 13 April, aims to speed development of more effective cancer treatments by fostering collaboration among leading researchers in the field. The Parker Institute for Cancer Immunotherapy will include over 40 laboratories and more than 300 researchers from six key cancer centres.

Apr 14, 2016

GAIL's $7B tender to ferry LNG from US gets 2 Japanese bidders

GAIL reportedly seeks nine LNG cargo ships for transporting LNG from the U.S. to India.

Apr 14, 2016

Banks challenge UBHL's claims for losses, call it a delay tactic by Mallya

United Breweries claimed Rs.594 crore as presumptive loss resulting from bankers selling its pledged shares for low value.

Apr 14, 2016

Lafarge India sale hits roadblock

The Competition Appellate Tribunal stayed the sale of 11 million tonnes of cement capacity by the company after an appeal by Dalmia Cement (Bharat) Ltd.

Apr 14, 2016