Business news

Flipkart acquires mobile payments start-up PhonePe

Bengaluru-based PhonePe was co-founded by former Flipkart employees Sameer Nigam and Rahul Chari.

Apr 1, 2016

India expects $500M AIIB loan for solar power projects in 2016

India needs $100 billion to increase its solar power capacity to 100 gigawatts over next six to seven years.

Apr 1, 2016

L&T expects defence orders worth Rs. 50,000 crore in 3 years

The company is expecting orders in four areas of defence â€” guns and armoured vehicles, submarines, communications and ships.

Apr 1, 2016

Taxman asks break-up of net worth of those earning over Rs. 50 lakh

New schedule added to tax return forms may pose fresh challenges to taxpayers.

Apr 1, 2016

March car sales: Find out how Maruti Suzuki, Hyundai, Renault, Mahindra, Honda performed

Maruti Suzuki's sales grew 14.6 percent, Hyundai registered 4.2 percent growth and Renault India's sales more than doubled in March 2016.

Apr 1, 2016

IndiGo hiking domestic ticket cancellation charge drives up stock

The revised domestic fee cancellation charge of Rs 2,250 will be applicable from April 1, 2016.

Apr 1, 2016

India's UltraTech buys Jaiprakash cement plants in new $2.4 billion deal

The two firms had signed a deal last month under which UltraTech was to buy 22.4 million tonnes of cement capacity from Jaiprakash for 165 billion rupees.

Apr 1, 2016

Boeing takes spare-part making from Spirit AeroSystems

The spare parts Spirit makes under license, will be shifted to Boeing over about two years, according to two people familiar with the matter.

Apr 1, 2016

GE Capital asks US Govt to lift 'too big to fail' designation

Chief Executive Officer Keith Sherin said that the General Electric Co unit no longer met the criteria for a "systemically important financial institution."

Apr 1, 2016

China's Anbang abandons $14 billion bid to buy Starwood Hotels

The surprise withdrawal marks an anticlimactic end to a bidding war that had pitted Marriott's ambitions to create the world's largest lodging company.

Apr 1, 2016

Sensex, Nifty slump 9% in FY16, but post biggest monthly gains in 4 years

The benchmark index Sensex closed at 25,341 Thursday, losing 9.35 percent over its March 31, 2015, closing of 27,957.

Mar 31, 2016

IPOs raise Rs. 14,500 crore in 2016, 10-fold higher than 2015

While 21 out of 22 entities were oversubscribed during the current fiscal, 15 reported listing gain.

Mar 31, 2016

UK steel crisis: Sajid Javid says nationalisation not the solution as calls for a bail out grow

A petition calling on Cameron to act to protect our steel industry has been launched by Corbyn.

Mar 31, 2016

Allianz to sell $5 billion life insurance portfolio in Italy: Reuters sources

Europe's biggest insurer has picked Goldman Sachs to run the sale of the closed life policies, which no longer accept new business.

Mar 31, 2016

Twenty-First Century interested in Paramount deal: Source

The company would be interested in exploring a deal that would create synergies for Paramount but not in being a pure financial investor.

Mar 31, 2016

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Business news

Flipkart acquires mobile payments start-up PhonePe

India expects $500M AIIB loan for solar power projects in 2016

L&T expects defence orders worth Rs. 50,000 crore in 3 years

Taxman asks break-up of net worth of those earning over Rs. 50 lakh

March car sales: Find out how Maruti Suzuki, Hyundai, Renault, Mahindra, Honda performed

IndiGo hiking domestic ticket cancellation charge drives up stock

India's UltraTech buys Jaiprakash cement plants in new $2.4 billion deal

Boeing takes spare-part making from Spirit AeroSystems

GE Capital asks US Govt to lift 'too big to fail' designation

China's Anbang abandons $14 billion bid to buy Starwood Hotels

Sensex, Nifty slump 9% in FY16, but post biggest monthly gains in 4 years

IPOs raise Rs. 14,500 crore in 2016, 10-fold higher than 2015

UK steel crisis: Sajid Javid says nationalisation not the solution as calls for a bail out grow

Allianz to sell $5 billion life insurance portfolio in Italy: Reuters sources

Twenty-First Century interested in Paramount deal: Source

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