Business news

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

McDonald's targeting buyout firms as it seeks to sell North Asia stores

It is adopting a new business model in Asia, by planning to bring in partners to own the restaurants within a franchise operation.

Apr 14, 2016

Verizon bets on Armstrong, M&A savvy in Yahoo bid

That faith derives in part from the belief that Armstrong did a good job at left-for-dead AOL.

Apr 14, 2016

Oil falls as dark clouds appear ahead of producer meeting

Goldman Sachs said that productivity gains by U.S. shale producers were keeping alive its "deflationary outlook" for oil prices.

Apr 14, 2016

Investment advice: Here are five simple ways to beat the FTSE 100

5 simple ways that you can invest in a single cheap fund and easily beat the FTSE, based on performance since the start of 2015.

Apr 13, 2016

ONGC to get some drilling assets from Reliance Industries, BG Group

Reliance Industries, BG Group and ONGC signed an agreement on this Tuesday night in New Delhi, the Economic Times reports.

Apr 13, 2016

Mark Zuckerberg touts Messenger chatbots and opens up Facebook Live

Facebook said on 12 April it will allow developers to build chatbots inside its Messenger app to enable users to communicate with businesses directly in its latest effort to dominate enterprise transactions and customer service. The chatbots expedite Facebooks moves to build out Messenger as the go-to place for users to contact businesses rather than through third-party websites.

Apr 13, 2016