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Cyrus Mistry- Tata Group war

Tata Industries removes Cyrus Mistry as director

Six Tata Group companies will hold extraordinary general meetings (EGMs) in the near future to oust Mistry from their respective boards. Dec 12, 2016
Natural gas processing unit

Qatar to merge Qatargas and RasGas to create a bigger entity

The move is seen as the Gulf country's efforts to adapt to a low energy pricing environment. Dec 12, 2016
BSE Sensex oil india bonus issue results q2 grm price bpcl hpcl iocl price oil import

Domestic equities fall on soaring oil price, Trump comments

The 50-share index fell more than one percent with IT, banking and oil and gas stocks dragging the index. Dec 12, 2016
Axis Bank

Indian insurers rush to buy bank capital after rule change

Insurance Regulatory Authority of India has allowed insurers to invest in AT1 rupee bonds with local ratings of AA and above. Dec 12, 2016
Bank of Baroda

Bank of Baroda in talks to buy stake in Central Bank's housing finance subsidiary

Central Bank could raise as much as Rs 250 crore for its 64 percent stake sale in Central Bank Home Finance. Dec 11, 2016
OPEC

OPEC, non-OPEC agree first global oil pact since 2001

Last week, OPEC agreed to slash output by 1.2 million barrels per day from January 1. Dec 11, 2016
Foodpanda

Germany's Delivery Hero to buy Foodpanda

With this acquisition, food takeaway company Delivery Hero would consolidate its position in the European food-delivery marketplace. Dec 11, 2016
demonetisation raids karnataka corruption fraud notes banks bureaucrats raids income tax acb police bengaluru exchange commission nexus contractors

RBI asks banks to deploy maximum new Rs 500 notes in ATMs

The central bank wants to ensure wider and equitable distribution of these currencies, which is only possible if maximum amount is given through ATMs. Dec 10, 2016
Forbes List of Most Powerful Women in the World

IMF chief Christine Lagarde on trial in France over tycoon case

Lagarde is under fire for failing to challenge a payout award in favour of business tycoon Bernard Tapie during her tenure as French finance minister. Dec 10, 2016
Donald Trump, Berlin attacks, Russian envoy, Turkey

Won't allow H-1B visa workers to replace Americans: Donald Trump

Any regulatory change in regard to H-1B visa will negatively impact Indian IT companies the most. Dec 10, 2016
Insurance

SBI Life sells 3.9% stake to Tamasek, KKR for Rs 1,800 cr

This transaction paves the way for the life insurer to go for public listing in the next financial year. Dec 10, 2016
news corp fox news wsj dow jones harpincollins publishers revenue advertisement income weakness us america elections presidential business growth wires

Rupert Murdoch's Fox bids $14 billion for taking over UK's Sky

Murdoch's firm has offered to buy 61 percent stake in Sky, which has witnessed fall in its valuation due to a cheaper pound post Brexit vote. Dec 10, 2016
digital payments, digital transaction

Demonetisation effect: Banks to take a Rs1,000 crore hit on fee income after transaction fee waiver on debit cards

Banks are likely to lose around Rs 1,000 crore due to fees waiver on card transactions till December end of this year. Dec 9, 2016
Jindal Steel and Power (JSPL)

JSPL sees average realisation improving in second half thanks to rising price of steel

Uptick in demand coupled with price improvement will help the company to record higher margins per tonne of steel. Dec 9, 2016
State Bank of India SBI headquarters

Associate banks of SBI to unveil voluntary retirement schemes soon

To expedite the process of merger with SBI, the associate banks of the country's largest lender are likely to come out with VRS in the near future. Dec 9, 2016
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