Business news

Samsonite offers to buy premium luggage group Tumi for $1.8 billion

Samsonite said it would fund the deal through bank financing and the transaction was expected to close in the second half of 2016.

Mar 4, 2016

Yahoo exploring sale of $1 billion-$3 billion in 'non-core assets': CFO

Yahoo CFO Ken Goldman said patents, land, property and "non-core units or businesses" are all on the table for potential sale.

Mar 4, 2016

HP Enterprise's revenue, profit beat estimates

Net earnings fell to $267 million, or 15 cents per share, in the first quarter ended Jan. 31, 2016.

Mar 4, 2016

Zika: Biologists develops possible mosquito-repellent clothes detergent

Researchers at the Grupo Avance laboratory in Chile have developed a substance which may be capable of repelling the Aedes aegypti mosquito and interrupting its reproductive cycle, helping to reduce the transmission of the Zika virus and dengue fever. According to reports, biochemist Mario Reyes created a compound which he says could be added to detergent in a normal clothes wash at home, and this way would protect individuals from being bitten by the mosquito.

Mar 3, 2016

Mumbai home to most ultra-HNIs in India: Wealth report

In the past 10 years, the growth in India's ultra-high-net-worth individuals outsmarted its global peers with a 340 percent rise over just 61 percent increase globally.

Mar 3, 2016

Gain in rupee, rate cut hopes lead Sensex rally for 3rd day

Indian stocks gain for the third straight day as investors find India a relatively better buy than many of the other emerging markets.

Mar 3, 2016

Nitin Gadkari cancels IRB Infrastructure's Rs 10,050-crore Zojila tunnel contract

The road and transport ministry reportedly cancelled the contract without giving any reason.

Mar 3, 2016

India's top lender moves court seeking arrest of Vijay Mallya, ex-chairman of Diageo company United Spirits

A SBI-led consortium of 17 lenders has moved the Debt Recovery Tribunal to recover Rs 7,800 crore from Mallya and now-defunct Kingfisher Airlines.

Mar 3, 2016

Govt may examine asset or stake sale in 80 PSUs

To expedite stake sale, the government will exempt buyers from getting some clearances, said an Economic Times report.

Mar 3, 2016

Bloomberg-TheQuint.com to launch a new TV news channel

Bloomberg, Raghav Bahl sign agreement to launch news channel and website

Bloomberg and Bahl will together invest Rs 100 crore in the new venture.

Mar 3, 2016

India received record investments from private equity firms last year

Investments in consumer technology went up 46 percent to $6.9 billion last year.

Mar 3, 2016

3-day jewellers' strike may cost the economy $432 million

An excise duty of 1 percent on gold transactions worth Rs. 6 crore per year brings small manufacturers to book.

Mar 3, 2016

GE to sell India financial services business to Aion, former execs

Aion has partnered with former GE Capital executives Pramod Bhasin and Anil Chawla for the acquisition.

Mar 3, 2016

david-cameron-and-ed-miliband-react-to-hsbc-headquarters-move

Forty big banks test blockchain-based bond trading system

The banks are part of a consortium of 42 major lenders, brought together last year by New York-based R3 CEV to work on ways blockchain technology.

Mar 3, 2016

Where to get the best Fourth of July discounts?

Target to invest billions to improve supply chain, ramp up online growth

Target blamed its "incredibly complex supply chain" for unacceptable stock levels in 2015 that hurt sales growth.

Mar 3, 2016

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Business news

Samsonite offers to buy premium luggage group Tumi for $1.8 billion

Yahoo exploring sale of $1 billion-$3 billion in 'non-core assets': CFO

HP Enterprise's revenue, profit beat estimates

Zika: Biologists develops possible mosquito-repellent clothes detergent

Mumbai home to most ultra-HNIs in India: Wealth report

Gain in rupee, rate cut hopes lead Sensex rally for 3rd day

Nitin Gadkari cancels IRB Infrastructure's Rs 10,050-crore Zojila tunnel contract

India's top lender moves court seeking arrest of Vijay Mallya, ex-chairman of Diageo company United Spirits

Govt may examine asset or stake sale in 80 PSUs

Bloomberg, Raghav Bahl sign agreement to launch news channel and website

India received record investments from private equity firms last year

3-day jewellers' strike may cost the economy $432 million

GE to sell India financial services business to Aion, former execs

Forty big banks test blockchain-based bond trading system

Target to invest billions to improve supply chain, ramp up online growth

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]