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UB Holdings plunges over 10% after PNB declares it 'wilful defaulter'

The company reportedly owes about Rs 6,300 crore to Indian lenders, including Rs 800 crore to Punjab National Bank.

Feb 16, 2016

Air India planning to fly Dreamliner on high-traffic domestic routes

Passenger traffic on domestic routes in India rose 20.2 percent last year, showed IATA data.

Feb 16, 2016

Vodafone may face seizure of assets for failure to pay Rs 14,200 crore tax

The notice may again drag the Modi government into the retrospective tax controversy.

Feb 16, 2016

Amway's India investments to cross Rs 1,000 crore by 2020

The company's president, Doug DeVos, told the Economic Times that the Indian market's "potential is very dramatic."

Feb 16, 2016

Snapdeal fined for misleading customers with iPhone 5s offer

Snapdeal market value touches $6.5 billion after fresh fundraising of $200 million

The investment is led by Canada's Ontario Teachers' Pension Plan, Reuters reports.

Feb 16, 2016

Toshiba plans $3.2B investment in new Japan chip facility

Toshiba says it is not considering ending PC production

The Sankei newspaper said Toshiba, Fujitsu Ltd and VAIO are in talks to merge their PC businesses.

Feb 16, 2016

Biocon gets first Generic Formulation approval for cholestrol drug in EU

Biocon's EU approval for Rosuvastatin calcium tablets opens up $1.2 billion market.

Feb 15, 2016

AirAsia India CEO not quitting, says Tony Fernandes

Earlier, it was reported that Mittu Chandilya was planning on leaving the airline after his contract with AirAsia India ended in March 2016.

Feb 15, 2016

HSBC keeps headquarters in London, rejects move to Hong Kong

The decision comes at the end of a tumultuous week for European banks, whose shares have tumbled on fears of a global economic slowdown.

Feb 15, 2016

Lingerie makers report decline in net profit in December quarter

Lovable Lingerie's revenues grew 13% but Maxwell Industries saw sales plunge 23%.

Feb 13, 2016

IIM Bangalore sees fall in campus hiring by e-commerce firms: Report

An IIM official told The Financial Express that students were cautioned over accepting offers from consumer Internet firms.

Feb 13, 2016

Paytm lets you buy milk and vegetables using your debit/credit cards

Paytm delays launch of its payments bank business

Sharma said Paytm has "underestimated a lot of things" in commencing payments bank services.

Feb 13, 2016

Oracle to invest $400 million in India, says global CEO Safra Catz

The company will set up a campus in Bengaluru, India.

Feb 13, 2016

Anil Agarwal to set up $10 billion LCD panel plant in Maharashtra

Agarwal said the company would try to make India a major export hub for display units.

Feb 13, 2016

Apollo Hospitals Enterprise net profit up 14.9%

The AHEL portfolio includes over 9,000 beds across 65 Hospitals, 2,263 Pharmacies, 130 Primary Care and Diagnostic Clinics, 100 Telemedicine units across 10 countries.

Feb 13, 2016

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