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Government to sell 15% stake in MMTC and STC

The government has asked bankers to help sell 15 percent stake sale in the two companies. May 10, 2016
Tata Steel UK

7 bidders shortlisted for Tata Steel's UK business

Sajjan Jindal-owned JSW Steel and Liberty House are reportedly among the seven shortlisted bidders, Mint reported. May 10, 2016

Germany's JAB to take Krispy Kreme private for $1.35 billion

JAB, making its second U.S. acquisition in just over two months has ambitions to build a global coffee powerhouse to rival market leader Nestle SA. May 10, 2016
Dollars

UAE-based Indian firms line up $3.6 billion for investment in Uttar Pradesh

In the forthcoming weeks, the UP government will declare the names of the five investors. May 9, 2016
Zomato

Zomato CEO Deepinder Goyal responds to HSBC slashing app's valuation

Besides Deepinder Goyal, Info Edge, the largest shareholder in food ordering app Zomato, also disagreed with HSBC's valuation. May 9, 2016
Bombay Stock Exchange building

MCFL shares fall on suspicion of 'irregularities and mismanagement' in investment

Mangalore Chemicals & Fertilizers Ltd., (MCFL), co-promoted by Vijay Mallya's UB Group, is now facing wider probe by Indian agencies. May 9, 2016
Indigo Airlines

IndiGo says not passing all benefits of lower fuel prices to passengers

The acknowledgement resulted from the concerns of rising airfares despite slump in oil prices. May 8, 2016
Titan store

Titan to acquire majority stake in CaratLane

CaratLane is involved in designing, manufacturing, trading and retailing of gems and jewellery, said Tata Group firm Titan. May 7, 2016
Vedanta group Cairn India

Vedanta to set up steel plant in Jharkhand

The 1 million tonne per annum capacity integrated steel plant will entail an initial investment of Rs. 1,700 crore, Vedanta said. May 7, 2016

FCC confirms approval of Charter, Time Warner Cable merger

The deals, which would create the second-largest U.S. broadband provider and third-largest video provider, now need approval from regulators in California. May 7, 2016
State Bank of India SBI headquarters

State Bank of India launches mobile payment app mVisa

mVisa is a scan and pay-based option that eliminates the need to physically swipe cards at merchant outlets, says State Bank of India. May 6, 2016
sahara-group-chairman-subrata-roy

SC grants four-week parole to Sahara chief to attend his mother's funeral

Subrata Roy has been in jail for over two years on non-repayment of money to Sahara investors. May 6, 2016
Snapdeal

Snapdeal, Flipkart plan cost cutting measures: Report

The two companies have lost significant market share to competitor Amazon India recently. May 6, 2016
MRPL oil refinery water crisis

Petrol, diesel supply in Karnataka could be badly hit if MRPL completely shuts down operations

Mangalore Refineries and Petrochemicals Ltd. (MRPL) fulfils 80 percent of the state's fuel requirement. May 6, 2016
Brazil dam burst

Brazil judge approves Samarco dam burst settlement with government

The agreement will see Samarco, BHP and Vale pay a government-estimated $5.6 billion over 15 years to cover and repair damages. May 6, 2016
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