Business news

Australian-Indian consortium may bid to acquire Kolar gold mining lease

The mining lease held by state-owned Bharat Gold Mines Ltd will be up for sale to the highest bidder through a government tender.

Apr 11, 2016

Need regulation without too many limitations, RBI Governor Rajan

The RBI's focus is on the inclusion of people without a smartphone, Raghuram Rajan said at the launch of the Unified Payment Interface.

Apr 11, 2016

Bharti Airtel's M Commerce gets payments bank licence from RBI

Payments bank are restricted to holding a maximum balance of Rs. 100,000 per individual customer.

Apr 11, 2016

Sensex reclaims 25000 mark on above normal monsoon forecast by Skymet

Indian benchmark stock market indices Sensex and Nifty gained more than one percent each Monday led by IT, metals, bank and telecom stocks.

Apr 11, 2016

Standard Chartered plans to sell $4.4 billion Asian loan portfolio

The bank is in talks with potential buyers to sell assets worth $1.4 billion of stressed loans made to Indian companies.

Apr 11, 2016

Tata Steel sells Scunthorpe plant to Greybull Capital

The deal amount was not disclosed, but Greybull Capital would be arranging an investment package of Â£400 million as part of the transaction.

Apr 11, 2016

Hard Rock Cafe's India franchisee to raise fund, expand outlets

The company would expand outlets and launch Chinese food chain Panda Express in India by August 2016.

Apr 11, 2016

Larsen & Toubro bags orders worth $370 million from Oman

The contracts involve EPC works for Petroleum Development Oman LLC at two of its gas producing facilities.

Apr 11, 2016

DLF begins process of rental arm stake sale to PE investors

The value of the stake deal is estimated to be between Rs 12,000 to Rs 14,000 crore.

Apr 11, 2016

Daily Mail parent in talks with private equity for Yahoo bid: WSJ

Daily Mail & General Trust PLC's potential bid could take one of two forms, according to the Wall Street Journal report.

Apr 11, 2016

Gold climbs to near three-week high on safe-haven demand

Weak economic data and uncertainty over U.S. monetary policy have sparked risk-averse sentiment in the market.

Apr 11, 2016

UAE-based Lulu Group to invest Rs. 5,000 crore in India by 2020

The company has decided to build mega shopping complexes in Chennai, Thiruvananthpuram, Bengaluru and Hyderabad.

Apr 10, 2016

Financial turmoil at SunEdison imperils solar projects worldwide

Many of those projects are imperiled as SunEdison reportedly prepares to declare bankruptcy.

Apr 10, 2016

Tata Steel confirms facing criminal inquiry by UK Serious Fraud Office

In a regulatory filing Saturday, Tata Steel said the probe pertains to inappropriate testing and certification procedures at its Yorkshire operations.

Apr 9, 2016

Mallya skips appearance before ED; promises legal help to probe charges

A legal action might follow up as summons can only be issued for a maximum of three times under the Prevention of Money Laundering Act, says source.

Apr 9, 2016

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Business news

Australian-Indian consortium may bid to acquire Kolar gold mining lease

Need regulation without too many limitations, RBI Governor Rajan

Bharti Airtel's M Commerce gets payments bank licence from RBI

Sensex reclaims 25000 mark on above normal monsoon forecast by Skymet

Standard Chartered plans to sell $4.4 billion Asian loan portfolio

Tata Steel sells Scunthorpe plant to Greybull Capital

Hard Rock Cafe's India franchisee to raise fund, expand outlets

Larsen & Toubro bags orders worth $370 million from Oman

DLF begins process of rental arm stake sale to PE investors

Daily Mail parent in talks with private equity for Yahoo bid: WSJ

Gold climbs to near three-week high on safe-haven demand

UAE-based Lulu Group to invest Rs. 5,000 crore in India by 2020

Financial turmoil at SunEdison imperils solar projects worldwide

Tata Steel confirms facing criminal inquiry by UK Serious Fraud Office

Mallya skips appearance before ED; promises legal help to probe charges

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]