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Companies

Canon to acquire Toshiba Medical for over $6 billion

Canon places winning bid to acquire Toshiba Medical for over $6B

Toshiba looks to rebuild its finances after a $1.3-billion accounting scandal that came to light last year. Mar 9, 2016
Bombay Stock Exchange BSE indian stock markets equitas holdings small bank

Crompton Greaves share spurts on sale of overseas T&D business

The company said it had decided to sell the business to an American PE fund for €115 million, or about Rs 844 crore. Mar 9, 2016
Supreme Court of India

Supreme Court issues notice to Mallya, gives two-weeks to reply

To a question on his whereabouts, the Centre replied the MP has left the Indian shores. Mar 9, 2016
Hindustan Unilever

Hindustan Unilever settles Kodaikanal thermometer plant labour dispute with former employees

The facility was shut down in 2001 after reports emerged that mercury-contaminated glass was sold to scrap dealers a few kilometers away from the factory site. Mar 9, 2016
Indian civil aviation industry

Govt may scrap 5-year norm for airlines to fly overseas

However, the government may insist airlines reserve at least 20 aircraft or 20 percent of their fleet for domestic operations. Mar 9, 2016
BSE Building new

Ekta Kapoor increases stake in Balaji Telefilms

Ekta Kapoor is the joint MD and producer of the company's TV serials like "Yeh Hai Mohabbatein", "Naagin" and "Kumkum Bhagya" Mar 9, 2016
Volkswagen

California may allow partially-repaired VW diesels to remain on road

State Senator Jim Beall said allowing partially-repaired cars to continue driving on California roads raised several "moral dilemmas." Mar 9, 2016
Foxconn

Sharp's banks considering additional aid as part of Foxconn deal: Source

The banks are also considering an additional commitment line for the troubled company, the source said. Mar 9, 2016

Vivint Solar terminates $2.2 billion merger with SunEdison

The cash-and-stock deal, worth $2.2. billion when it was forged last July, had faced criticism from hedge funds and other investors. Mar 9, 2016
People line up outside an ATM at a State Bank of India branch in Mumbai

International Women's Day: Bhartiya Mahila Bank deposits stood at Rs 751 crore in March 2015

India's first women-centric bank earned Rs 42 crore as interest on investments and a net profit of Rs 20 crore during FY2015. Mar 8, 2016
cement india cement business emami

Domestic, foreign companies and Private Equity funds eyeing Lafarge's India assets

The companies have submitted Expression of Interest (EOI) for the forth-coming bid. Mar 8, 2016
India GDP Residential real estate

Piramal Group eyes stressed assets of real estate developers: Report

The group sees the current situation as "a good time to be in the market." Mar 8, 2016
Bombay Stock Exchange building

Indian Overseas Bank to issue 8.6 crore shares to LIC

The public sector lender needs is set to raise money to comply with Basel III norms, says a brokerage firm. Mar 8, 2016
Saipem

JPMorgan, Goldman selling 700 million Saipem shares: Traders

JPMorgan and Goldman Sachs were global coordinators in Saipem's recent 3.5 billion euro rights issue. Mar 8, 2016
Reliance communication advertisment

Ambani's $20 billion bet on TV, telecoms may rekindle wealthy brothers' rivalry

Mukesh Ambani's television unit has been aggressively wrapping up deals with hundreds of small players in a street-by-street effort. Mar 8, 2016
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