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Tata Motors buses commercial vehicle sales

Commercial vehicle makers post double-digit growth in March

Domestic sales of Ashok Leyland, Tata Motors, Eicher Motors and Mahindra grew in the range of 20 percent to 44 percent in March this year. Apr 1, 2016
Flipkart

Flipkart acquires mobile payments start-up PhonePe

Bengaluru-based PhonePe was co-founded by former Flipkart employees Sameer Nigam and Rahul Chari. Apr 1, 2016
Larsen & Toubro

L&T expects defence orders worth Rs. 50,000 crore in 3 years

The company is expecting orders in four areas of defence — guns and armoured vehicles, submarines, communications and ships. Apr 1, 2016
baleno maruti suzuki march car sales

March car sales: Find out how Maruti Suzuki, Hyundai, Renault, Mahindra, Honda performed

Maruti Suzuki's sales grew 14.6 percent, Hyundai registered 4.2 percent growth and Renault India's sales more than doubled in March 2016. Apr 1, 2016
Indigo Airlines

IndiGo hiking domestic ticket cancellation charge drives up stock

The revised domestic fee cancellation charge of Rs 2,250 will be applicable from April 1, 2016. Apr 1, 2016

India's UltraTech buys Jaiprakash cement plants in new $2.4 billion deal

The two firms had signed a deal last month under which UltraTech was to buy 22.4 million tonnes of cement capacity from Jaiprakash for 165 billion rupees. Apr 1, 2016
Boeing

Boeing takes spare-part making from Spirit AeroSystems

The spare parts Spirit makes under license, will be shifted to Boeing over about two years, according to two people familiar with the matter. Apr 1, 2016

GE Capital asks US Govt to lift 'too big to fail' designation

Chief Executive Officer Keith Sherin said that the General Electric Co unit no longer met the criteria for a "systemically important financial institution." Apr 1, 2016
Starwood hotels and Resorts stock

China's Anbang abandons $14 billion bid to buy Starwood Hotels

The surprise withdrawal marks an anticlimactic end to a bidding war that had pitted Marriott's ambitions to create the world's largest lodging company. Apr 1, 2016

UK steel crisis: Sajid Javid says nationalisation not the solution as calls for a bail out grow

A petition calling on Cameron to act to protect our steel industry has been launched by Corbyn. Mar 31, 2016
Allianz SE

Allianz to sell $5 billion life insurance portfolio in Italy: Reuters sources

Europe's biggest insurer has picked Goldman Sachs to run the sale of the closed life policies, which no longer accept new business. Mar 31, 2016

Twenty-First Century interested in Paramount deal: Source

The company would be interested in exploring a deal that would create synergies for Paramount but not in being a pure financial investor. Mar 31, 2016

Steel crisis: Tatas impact on Britains steel industry in numbers

Steel giant is set to sell its UK business, meaning 4,000 jobs could go at Port Talbot plant in Wales. Mar 30, 2016
New Vodafone Red plans launched

Vodafone moves ICJ on retrospective tax, non appointment of 3rd arbitrator

The move indicates a rejection of one-time settlement offer to pay tax on principal only, waiving interest and penalties. Mar 30, 2016

Tata Steel crisis: Community Union calls for support from UK government

Tata Steel crisis: Community Union urges David Cameron to intervene Mar 30, 2016
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