Business news

Tata Sons to hike stake in AirAsia India as Arun Bhatia's Telestra exits

Tata Sons and two directors will buy out Telestra Tradeplace's 9.94 percent in the loss-making airline.

Mar 28, 2016

IDBI Bank's 4-day strike challenges privatisation

The strike called by the United Platform of IDBI Bank Unions follows two failed reconciliatory meetings with the labour commissioner.

Mar 28, 2016

550 MW of wind power projects could soon become non-performing assets

The Rs 4,000 crore projects are abandoned since the MSEDCL has refused to sign power purchase agreements, reports the Economic Times

Mar 28, 2016

DCW curbs threat to women safety in Delhi; issues notices to Uber, Ola and three others on fleet, driver details

Uber adds another $500 million to ramp up India operations

The decision may start a regime of heavy discounts for commuters and incentives for drivers.

Mar 28, 2016

Qatar's Al Jazeera network laying off 500 employees

Before the lay-offs, the network had about 4,000 staff, a spokesman said.

Mar 28, 2016

Oil prices rise in thin Asian trade after break

U.S. crude's front-month contract CLc1 was up 37 cents at 39.83 a barrel at 0055 GMT.

Mar 28, 2016

Dell nears sale of IT services unit to Japan's NTT Data: Sources

The sale will also offer NTT Data, a bigger foothold in the United States.

Mar 28, 2016

IOC, GAIL to take 49% equity in Adani's Rs 5,000 crore LNG project: Report

Adani Group had offered Indian Oil and GAIL a 49 percent stake in Dhamra LNG project, with a capacity of five million tonnes per year, in Odisha.

Mar 27, 2016

Britain's EU exit campaign backed by 250 business leaders

Vote Leave group said it was forming a Business Council to argue that EU membership was holding back business.

Mar 27, 2016

Microsoft meets with private equity firms over Yahoo deal

Private equity firms interested in Yahoo approached Microsoft, a person familiar with the situation told Reuters.

Mar 27, 2016

The Plaza, New York, partly owned by the Sahara Group

Sahara Group gets 3-month breather from auction of its New York properties

The Sahara Group has availed of $900-million refinance facility for the two properties from Reuben brothers, who now want to recover the money.

Mar 27, 2016

Bombay Stock Exchange BSE indian stock markets equitas holdings small bank

Market cap of Sensex stocks up by Rs 38,620 crore

Indian stock markets witnessed truncated trading week in which market capitalisation of select frontline stocks rose sharply.

Mar 26, 2016

Tata Sky plans Rs 2,000 crore IPO

Loss-making Tata Sky is planning to raise funds for expansion and reduce debt.

Mar 26, 2016

Sharp, Foxconn to sign deal next week: Reuters sources

The two companies will hold board meetings on Wednesday to approve the deal and officially sign a deal the following day, said the two sources with direct knowledge of the talks.

Mar 26, 2016

Despite oil's decline, energy companies win with equity offerings

Analysts and investors said that shareholders could more easily stomach the dilution of their holdings if it means adding cash to strengthen balance sheets.

Mar 26, 2016