Business news

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

Airtel launches Prepaid on Postpaid to help business users get additional data benefits

Airtel acquires Aircel's 4G spectrum for Rs.3500 crore

The acquisition will make Airtel a pan-India 4G service provider.

Apr 9, 2016

Global stocks gain on oil boost; dollar fades vs yen

Stocks on Wall Street and in Europe were lifted by energy names, with Brent and U.S. crude oil jumping more than 6 percent.

Apr 9, 2016

Box office collection buzz of 'Ki & Ka', 'Sardaar Gabbar Singh' fails to lift Eros share price

The Eros stock has declined since April 1, when its movie "Ki & Ka" starring Kareena Kapoor and Arjun Kapoor was released.

Apr 8, 2016

David Cameron admits having held stake in fathers offshore trust

British Prime Minister David Cameron acknowledged on Thursday he once had a stake in his late fathers offshore trust, in an interview with ITV News.

Apr 8, 2016

State Bank of India cuts interest rates on home loans

The move by India's biggest lender has come three days after the RBI cut repo rate to a five-year low.

Apr 8, 2016

Verizon plans bid for Yahoo and its Yahoo Japan stake: Bloomberg

The telecom giant is planning to make a first-round bid for Yahoo's web business next week, the news organization said.

Apr 8, 2016

Volvo plans to test self-driving cars in China using local drivers

Volvo aims to launch an experiment involving self-driving cars in China in which up to 100 such cars could be deployed, the Swedish automaker said on 7 April. The planned experiment will see local drivers test the cars on public roads in everyday conditions, Volvo said. It will be conducted in limited driving situations such as on express roads and highways, company executives said.

Apr 7, 2016