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Rolls-Royce posts biggest loss after bribery charges and Brexit

Rolls-Royce posts biggest loss after bribery charges and Brexit

The engine-maker has been affected by the drop in the pound against the dollar since Brexit, and the £671m charges it has to pay after an investigation into corruption in the company. Feb 14, 2017
Toshiba

Toshiba shares plunge on Nikkei amid fears of huge loss, uncertain future; chairman quits

Toshiba surprises markets by postponing its quarterly results amid reports that it may issue a warning to shareholders that its future is in jeopardy. Feb 14, 2017
Mumbai airport

Navi Mumbai airport: GVK wins bid to build spanking Rs 16,000-crore Mumbai airport

GVK currently operates India's first brownfield and greenfield airports as Chhatrapati Shivaji airport in Mumbai and Kempegowda airport in Bengaluru. Feb 14, 2017
Europe travel

KKR buys tour operator Travelopia for $403 million

TUI Group will use the proceeds from the sale of Travelopia to further expand the growth segments of hotels and cruises. Feb 14, 2017
Heineken

Dutch brewer Heineken acquires Brasil Kirin Holding for $704 million

Heineken said it will become the second largest beer company in Brazil after acquiring Brasil Kirin, which has 9% market share in the country. Feb 13, 2017
US Navy

Reliance Defence inks pact to repair US Navy's Seventh Fleet warships

The deal with the US Navy is estimated to bring in high-potential business for Reliance Defence. Feb 13, 2017
India auto-rickshaw

As Ola, Uber drivers strike over withdrawal of incentives, Jugnoo rides into cab services

Jugnoo launched cab services in Gurugram and it will soon expand the services to other cities. Feb 13, 2017
Infosys CEO Vishal Sikka

Infosys CEO Vishal Sikka says Indian jobs to be worst impacted by automation

Speaking at an investor conference, Sikka completely played down the tussle between the Infosys board and certain founders. Feb 13, 2017
State Bank of India

SBI considering cyber liability insurance to protect customers from online fraud

Insurers see a rise in demand for cyber liability insurance as online threats are on the rise as digital transactions go up. Feb 13, 2017
ONGC

Oil ministry seeks details from ONGC over allegations that it overpaid Videocon for stake in Mozambique gas field

In 2013, ONGC Videsh Ltd had acquired Videocon Group's 10% stake in Offshore Area 1 for $2.48 billion. Feb 12, 2017
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Reliance Jio new development: Free video download video tip; 6-series phone number in the offing

Reliance Jio has introduced a new feature to JioCinema called Smart Download to allow users to download movies freely. Feb 11, 2017
Infosys CEO Vishal Sikka

Infosys CEO Vishal Sikka to meet global investors; former board member Marti G Subrahmanyam signals interest to 'help'

Vishal Sikka, CEO of Indian IT services firm Infosys, will address Kotak's Chasing Growth Conference on Monday; Marti G Subrahmanyam says 'happy to help' company. Feb 11, 2017
spicejet q3 results, spicejet q3 earnings, spicejet share price, spicejet boeing deal, jet airways, domestic air traffic, indigo, indian civil aviation

SpiceJet to declare Q3 results on February 14

Jet Airways and IndiGo-owner Interglobe Aviation announced their Q3 results earlier this month; SpiceJet is the third listed airline. Feb 11, 2017
UBER taxi

Ola, Uber drivers' strike could hit Delhiites on Monday

The drivers held a protest on Friday as well, which inconvenienced commuters. Feb 10, 2017
Airbnb

Airbnb eyeing to acquire Montreal-based rental startup Luxury Retreats International

Luxury Retreats, which would be Airbnb's largest acquisition, is a profitable venture and generates about $150 million in gross bookings a year. Feb 10, 2017
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