Business news

Vodafone moves ICJ on retrospective tax, non appointment of 3rd arbitrator

The move indicates a rejection of one-time settlement offer to pay tax on principal only, waiving interest and penalties.

Mar 30, 2016

Boeing will cut over 4,500 jobs by mid-2016

The company will layoff 4,000 people in the commercial airplanes division and 550 people in the flight and lab tests division.

Mar 30, 2016

Sensex up over 400 points on global cues; Nifty closes above 7,700

The Sensex rally was led by bank and metal stocks, supported by consumer durables and healthcare.

Mar 30, 2016

Tata Steel crisis: Community Union calls for support from UK government

Tata Steel crisis: Community Union urges David Cameron to intervene

Mar 30, 2016

Mallya proposes to repay Rs 4,000 crore of his dues

The lender-bank consortium that has accused him of defaulting Rs 6630 crore, will be paid Rs 4,000 crore by Sep. 31, he says.

Mar 30, 2016

IKEA acquires land worth Rs 214 crore from Rallis India

The transaction is subject to IKEA receiving all required approvals from the regulatory authority.

Mar 30, 2016

GE to sell $1.4 billion US hotel franchise loan portfolio

GE said it would also sell to an unnamed buyer its business that provides financing to Canada's hospitality and restaurant industries.

Mar 30, 2016

Music streaming company Spotify raises $1 billion in convertible debt

The deal is expected to close at the end of this week, Spotify spokeswoman Marni Greenberg confirmed to Reuters.

Mar 30, 2016

Tata Steel puts entire UK business up for sale

Tata said it would "explore all options for portfolio restructuring, including the potential divestment of Tata Steel UK, in whole or in parts".

Mar 30, 2016

Supreme Court allows SEBI to sell some Sahara properties

The money raised will be used to refund millions of investors from whom the Sahara Group collected money illegally.

Mar 29, 2016

Ashok Leyland bags Rs 800-crore defence contract

The automobile manufacturer will supply 450 field artillery tractors and 825 ambulance units to the Indian armed forces.

Mar 29, 2016

Walt Disney may open 50 retail stores in India

The entertainment company would likely collaborate with DLF Brands, a subsidiary of DLF Limited, the Economic Times reported.

Mar 29, 2016

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

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Business news

Vodafone moves ICJ on retrospective tax, non appointment of 3rd arbitrator

Boeing will cut over 4,500 jobs by mid-2016

Sensex up over 400 points on global cues; Nifty closes above 7,700

Tata Steel crisis: Community Union calls for support from UK government

Mallya proposes to repay Rs 4,000 crore of his dues

IKEA acquires land worth Rs 214 crore from Rallis India

GE to sell $1.4 billion US hotel franchise loan portfolio

Music streaming company Spotify raises $1 billion in convertible debt

Tata Steel puts entire UK business up for sale

Supreme Court allows SEBI to sell some Sahara properties

Ashok Leyland bags Rs 800-crore defence contract

Walt Disney may open 50 retail stores in India

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

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]