Companies

Dutch firm Heineken may ask Mallya to step down from UB board: Report

Heineken could either ask Mallya to step down from the board or call a shareholding meeting to vote for having him removed.

Mar 17, 2016

Canon buys Toshiba Medical Systems Corporation for $6.1 billion

Canon buys Toshiba's medical unit for $6.1B

The deal comes at a time when Toshiba is undergoing a massive restructuring to recover from 2015's accounting scandal.

Mar 17, 2016

Kingfisher Airlines Vijay Mallya Airbus reduces KFA orders

Airbus continues trimming Kingfisher's orders from its book

The now-defunct Kingfisher Airlines belonging to Vijay Mallya's UB Group had ordered 15 aircraft, Airbus said.

Mar 17, 2016

Mallya's Kingfisher House finds no taker in e-auction

An analyst had said before the auction that the base price was too high at Rs 150 crore.

Mar 17, 2016

Toshiba plans $3.2B investment in new Japan chip facility

Toshiba continues restructuring efforts amid US probe reports; plans $3.2B investment in new Japan chip facility

The company's shares fell as reports of the U.S. probe broke.

Mar 17, 2016

Bharti Airtel companies salary hike India Inc

Bharti Airtel inks deal to buy Videocon's spectrum in 6 circles for Rs 4,428 crore

Post the deal, Airtel's 4G coverage would be extended to 19 circles from the current 15 circles.

Mar 17, 2016

Blackstone outbids Apollo Global in race to buy Hewlett Packard Enterprise stake in Mphasis: Report

The deal to acquire Hewlett Packard Enterprise's stake is valued at about $1 billion, the Economic Times reported.

Mar 17, 2016

Qatar Airways restates desire to buy IndiGo stake, alleges 'unfair' treatment by India

Akbar Al Baker, Qatar Airways CEO said his airline could not invest in Indigo's IPO due to time constraints.

Mar 17, 2016

'Not Scared' of Monsanto leaving India, says minister of state on GM seed issue

Minister of State for Agriculture Sanjay Kumar Balyan said the government is correcting an earlier mistake of allowing a "foreign company to dictate" cottonseed prices.

Mar 17, 2016

China's ZTE delays annual results after US restrictions

ZTE's board meeting would also be postponed, while its Hong Kong-listed shares would continue to be suspended, it added.

Mar 17, 2016

JPMorgan, Citi shareholders to vote on potential breakup plans

Citigroup included the question in a proxy statement it filed on Wednesday for its annual meeting next month.

Mar 17, 2016

Tata Group aerospace and defence revenues estimated at Rs 2,650 crore in FY2016

In five years, the group's A&D sector has grown at a compound rate of 18 percent, Tata Sons' Mukund Rajan said.

Mar 16, 2016

Nasscom opens facility in Vizag to nurture budding start-ups

Aiming to boost the start-up ecosystem in India, the facility would provide co-working space for start-ups to be incubated for a period of six months.

Mar 16, 2016