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HP Enterprise to merge IT services unit with Computer Sciences

HPE is expected to have $33 billion in annual revenue after the spin off and will concentrate on its remaining enterprise group.

May 25, 2016

Government order on GM seeds royalty fee kept in abeyance: Report

Monsanto collected Rs. 530 crore annually as royalty fee for its Bt cotton seed technology.

May 24, 2016

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Cinepolis to spend Rs. 400 crore to expand screen count in India

The Mexican multiplex chain intends to add 160 more screens in India by 2017, just like its rivals Inox and PVR.

May 24, 2016

Time ripe to merge state-run banks, says Banks Board Bureau chief

Vinod Rai said the consolidation exercise would cut the number of state banks to no more than six from 27 now.

May 24, 2016

Axis Bank plans to raise $500 million via green bonds: Report

The proceeds from the $500 million to be raised by Indian lender Axis Bank will be utilised to finance clean energy projects.

May 24, 2016

Ramdev's Patanjali to enter digital healthcare space

The yoga guru plans to launch an online venture for Ayurvedic consultations, the Times of India reported.

May 24, 2016

Samsung Galaxy C9 Pro launched in China, India availability unknown

Electronics giant Samsung may enter US drug market with Remicade biosimilar

Samsung's affiliate said that USFDA has accepted to review its replica drug.

May 24, 2016

Tribune gets $70.5 million investment, rejects Gannett offer

Tribune also rejected Gannett Co Inc's latest takeover offer of $15 per share but would allow Gannett access to some confidential corporate information.

May 24, 2016

Production of Coke halted in Venezuela for lack of sugar

Production of sugar-sweetened drinks has stopped, but output of diet drinks such as Coca-Cola light and other zero-sugar beverages continued.

May 24, 2016

VietJet aims to be 'Emirates of Asia,' orders 100 jets from Boeing for $11.3 billion

Private player VietJet is also planning an IPO to fund its ambitious expansion on global routes, while also becoming Asia's top budget airline.

May 23, 2016

SAIL sets sales target of 17 million tonnes for present fiscal

Steel Authority of India Ltd. also plans to expand its presence in the defence and aerospace sectors.

May 23, 2016

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SpiceJet considering listing shares on National Stock Exchange

SpiceJet chairman Ajay Singh said the share listing on the NSE will help it widen reach and enhance credibility.

May 22, 2016

Godrej Properties construction real estate

Godrej Group aims to more than double its size by 2020

The Mumbai-based FMCG company expects its growth to be driven largely by organic and inorganic expansions in domestic and foreign markets.

May 22, 2016

Air India offers new discount scheme to woo passengers

The limited-period scheme of all-inclusive airfares of Rs. 1,499 is valid between May 21 and 25.

May 22, 2016

Viacom says its board has not had access to Redstone

Many attempts by Viacom's board to meet with Sumner Redstone have been denied, Viacom said.

May 22, 2016

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