Business news

Tata Group aerospace and defence revenues estimated at Rs 2,650 crore in FY2016

In five years, the group's A&D sector has grown at a compound rate of 18 percent, Tata Sons' Mukund Rajan said.

Mar 16, 2016

Nasscom opens facility in Vizag to nurture budding start-ups

Aiming to boost the start-up ecosystem in India, the facility would provide co-working space for start-ups to be incubated for a period of six months.

Mar 16, 2016

Air India to post operating profit for first time since 2007 merger

In the previous year, the company posted an operating loss of Rs 2,636 crore.

Mar 16, 2016

China's ZTE Corp to appeal US export restrictions: Source

How long the appeals process might take remains unclear.

Mar 16, 2016

FCC likely to circulate draft order approving Charter-Time Warner Cable merger: WSJ

The order, which could be circulated as soon as this week, would levy some conditions on the deal.

Mar 16, 2016

Oracle profit beats expectations; share buyback boosted by $10 billion

Revenue from Oracle's cloud-computing software and platform service, rose 57 percent to $583 million.

Mar 16, 2016

Lupin shares hit hard over USFDA's observation on Goa plant

Lupin's Goa plant contributes 20 percent of the company's total revenues and 40 percent of its U.S. revenues.

Mar 15, 2016

Cairn Energy gets $4.4 billion tax demand by India

The income tax demand notice served on Cairn Energy Plc includes back-dated interest of $2.8 billion.

Mar 15, 2016

Infibeam becomes first Indian e-commerce company to go public; aims raising Rs 450 cr

The company has fixed the price band at Rs 360 to Rs 432 per share and the issue will remain open from March 21-23.

Mar 15, 2016

Sensex, Nifty end with losses on global cues; Lupin crashes 8%

Benchmark indices Sensex, Nifty lost more than one percent in trade Tuesday, tracking Asian equities.

Mar 15, 2016

L&T bags projects worth Rs 1, 672 crore

The company has reportedly received multiple building and power & distribution contracts.

Mar 15, 2016

Banking: Expect a bigger bounce for HSBC, Lloyds and Santander

New measures by the ECB mean Eurozone banks are catching up with their British peers.

Mar 15, 2016

Airbus Group planning global defence hub in India

The European aerospace and defence firm will build this infrastructure if it gets the Indian Air Force and Navy contracts it is vying for.

Mar 15, 2016

ONGC Videsh, Oil India and Indian Oil to sign $2 billion deal with Rosneft

OIL will team up with IOC and BPRL to acquire 30 percent stake in the Taas-Yuryakh oil and gas fields in East Siberia, reported the Financial Express.

Mar 15, 2016