Companies

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

H&M says working to improve labour conditions in India, Cambodia factories

The study found workers stitching clothes for H&M in factories in Delhi and Phnom Penh faced forced overtime, low wages problems.

May 22, 2016

Monsanto

Bayer's Monsanto takeover to be upwards of $63 billion: Bloomberg

Monsanto, the seed-selling firm, will fetch its investors $120 to $150 a share if the deal goes through.

May 21, 2016

A cotton field

Monsanto to bear the brunt of India's new rules on sale of GM cotton seeds

The U.S. headquartered company is the lone supplier of GM cotton seeds in India, reports Reuters

May 21, 2016

SABMillers

EU regulators to conditionally clear AB Inbev, SABMiller deal: Sources

The Belgium-based maker of Budweiser, Corona and Stella Artois is looking to boost its presence in Africa and Latin American countries to offset weaker markets such as the United States.

May 21, 2016

Nokia cuts over 1,000 jobs in Finland

Finland's biggest company has cut thousands of jobs in its home country over the past decade as its once-dominant phone business was eclipsed by the rise of smartphone rivals.

May 21, 2016

IDBI Bank IDBI Bank strike stake sale

IDBI Bank reports Rs. 1,736 crore loss for March quarter

A 159 percent spike in provisioning for bad loans led to the bank reporting a loss as against a net profit in the March 2015 quarter.

May 20, 2016

Spicejet quarterly results

SpiceJet shares nosedive despite posting record net profit for March quarter

Budget carrier SpiceJet net profit for March 2016 quarter skyrocketed to Rs. 73 crore from Rs. 22 crore, y-o-y.

May 20, 2016

Reliance Lyf makes it to top five smartphone brands in India: Counterpoint Research

Global smartphone sales grew 3.9% in Q1 2016; Oppo enters Top 5: Gartner

Oppo was the top performer in Q1 2016, as it saw 145 percent growth in sales as compared to the same period previous year.

May 20, 2016

HSBC offices

HSBC to shut down 24 branches in India

The bank said it plans to consolidate to 26 branches in 14 cities across India.

May 20, 2016

EU aims to rule on Amazon's Luxembourg tax deal by July

The aid regulator may order the country's tax authorities to recover about 400 million euros ($448 million) in back taxes.

May 20, 2016

Telecom towers 4g servces reliance airtel competition reliance jio iartel tata telecom india 3g

Tata Communications selling 74% stake in data centre business to ST Telemedia

The Tata Communications-ST Telemedia deal, which also involves takeover of debt, is valued at Rs. 4,239 crore.

May 19, 2016

JSW Steel posts net profit of Rs. 171 crore for Q4 FY16; shares rise

JSW's revenues fell almost 15 percent to Rs.10,697.52 crore in the fourth quarter of financial year 2015-16.

May 19, 2016

Sun TV shares plunge 12% as DMK alliance trails AIADMK in initial trends

Sun TV Network is owned by Kalanidhi Maran, grandnephew of DMK president M Karunanidhi.

May 19, 2016

Hong Kong launches fresh plan to fortify cyber security after SWIFT heist

The FBI, authorities in Dhaka and private forensic experts are investigating the February cyber heist in Bangladesh.

May 19, 2016

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