Companies

Alibaba's Jack Ma says US wasted trillions on warfare and still blames others for loss of jobs

Alibaba's Jack Ma said the US has no one but itself to blame for its economic woes and much of the problem is rooted in wasteful spending on warfare.

Jan 20, 2017

Motherson Sumi to acquire Finnish truck wire maker PKC for $609 million

MSSL has offered 23.55 euros per PKC share, representing a 51 percent premium to PKC's closing price on Thursday.

Jan 20, 2017

Western Union slapped with $586 million penalty over money transfer fraud

Western Union admitted to criminal violations and failing to maintain an effective anti-money laundering program and aiding wire fraud.

Jan 20, 2017

UPS maker Luminous aims to double turnover to Rs 5,000 crore in 4-5 years

New Delhi-based Luminous has a market share of around 39 percent in UPS and 27 percent in inverter batteries segment in India.

Jan 19, 2017

sony, sony pictures, ten sports, cci clears sony-ten sports deal, sports

CCI clears Sony Pictures-Ten Sports deal

Sony Pictures will be acquiring Zee-owned Ten Sports' stake for $385 million announced in September last year, after the go-ahead from CCI.

Jan 19, 2017

Vijay Mallya must repay Rs 6,203 crore with interest to SBI-led consortium of banks: Debt Recovery Tribunal

A consortium of 17 banks led by the country's largest public sector lender State Bank of India had approached the tribunal seeking instructions to Vijay Mallya to repay the loan

Jan 19, 2017

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PVR stock gains 5% in 2 days; Warburg Pincus picks up 14% stake sale in multiplex

PE firm Warburg Pincus pays Rs 820 crore for the stake in multiplex operator PVR.

Jan 19, 2017

Jio users' reliance on Wi-Fi is lowest across globe

Reliance Jio to soon launch automobile telematics device that will track vehicle's movement

Jio is also working on a new tariff plan that will be valid till June 30 and would provide data at a nominal Rs 100, combined with free voice calls.

Jan 19, 2017

cyrus mistry ratan tata group companies tata steel ihcl quits resigns removal tata sons tcs

NCLT rejects Cyrus Mistry's contempt plea against Tata Sons

The NCLT division bench has given Mistry family firms liberty to file affidavit three days from the date of the EGM.

Jan 19, 2017

Cabinet clears public listing of 5 state-run general insurance companies

New India Assurance Co, United India Insurance, Oriental Insurance, National Insurance Company and General Insurance Corp would be publicly listed.

Jan 18, 2017

Videocon to exit spectrum-oriented businesses by shutting down services in Punjab from Feb 15

Punjab was the only telecom circle where Videocon was still in operation after the telco sold its spectrum to Bharti Airtel for Rs 4,428 crore last year.

Jan 18, 2017

Sources deny Lufthansa-Etihad stake deal: Report

69 percent of Germany-based Lufthansa is owned by German investors, 13 percent by US investors and 9 percent by other nationalities.

Jan 18, 2017

salman khan, salman khan acquittal, mandhana retail ventures, mrvl share price, being human

Mandhana Retail Ventures spurts on Salman Khan's acquittal

Products of Salman Khan's Being Human NGO are sold by Mandhana Retail Ventures whose shares rise after the actor's acquittal by a Jodhpur court.

Jan 18, 2017

Qualcomm slapped with US antitrust suit for unfair trade practices

The US agency also accused Qualcomm of refusing to license some standard essential patents to rival chipmakers and of entering into an exclusive deal with Apple Inc

Jan 18, 2017

Snapdeal's FY16 losses increase two-fold to Rs 2,960 crore

One of the many reasons for the losses is that Snapdeal is losing market share to rivals Flipkart and Amazon.

Jan 18, 2017

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Companies

Alibaba's Jack Ma says US wasted trillions on warfare and still blames others for loss of jobs

Motherson Sumi to acquire Finnish truck wire maker PKC for $609 million

Western Union slapped with $586 million penalty over money transfer fraud

UPS maker Luminous aims to double turnover to Rs 5,000 crore in 4-5 years

CCI clears Sony Pictures-Ten Sports deal

Vijay Mallya must repay Rs 6,203 crore with interest to SBI-led consortium of banks: Debt Recovery Tribunal

PVR stock gains 5% in 2 days; Warburg Pincus picks up 14% stake sale in multiplex

Reliance Jio to soon launch automobile telematics device that will track vehicle's movement

NCLT rejects Cyrus Mistry's contempt plea against Tata Sons

Cabinet clears public listing of 5 state-run general insurance companies

Videocon to exit spectrum-oriented businesses by shutting down services in Punjab from Feb 15

Sources deny Lufthansa-Etihad stake deal: Report

Mandhana Retail Ventures spurts on Salman Khan's acquittal

Qualcomm slapped with US antitrust suit for unfair trade practices

Snapdeal's FY16 losses increase two-fold to Rs 2,960 crore

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]