Companies

Amazon's second-largest global delivery centre to come up in Hyderabad

The move comes after Amazon decided to build its largest warehouse near Andhra Pradesh's capital city.

Mar 4, 2016

Adani Group in talks to buy Jindal Power for Rs 20,000 crore: Report

A report by The Economic Times said that Jindal group will use a major part of the deal amount to trim the debt of its steel subsidiary.

Mar 4, 2016

Samsonite offers to buy premium luggage group Tumi for $1.8 billion

Samsonite said it would fund the deal through bank financing and the transaction was expected to close in the second half of 2016.

Mar 4, 2016

Yahoo exploring sale of $1 billion-$3 billion in 'non-core assets': CFO

Yahoo CFO Ken Goldman said patents, land, property and "non-core units or businesses" are all on the table for potential sale.

Mar 4, 2016

HP Enterprise's revenue, profit beat estimates

Net earnings fell to $267 million, or 15 cents per share, in the first quarter ended Jan. 31, 2016.

Mar 4, 2016

Zika: Biologists develops possible mosquito-repellent clothes detergent

Researchers at the Grupo Avance laboratory in Chile have developed a substance which may be capable of repelling the Aedes aegypti mosquito and interrupting its reproductive cycle, helping to reduce the transmission of the Zika virus and dengue fever. According to reports, biochemist Mario Reyes created a compound which he says could be added to detergent in a normal clothes wash at home, and this way would protect individuals from being bitten by the mosquito.

Mar 3, 2016

Nitin Gadkari cancels IRB Infrastructure's Rs 10,050-crore Zojila tunnel contract

The road and transport ministry reportedly cancelled the contract without giving any reason.

Mar 3, 2016

India's top lender moves court seeking arrest of Vijay Mallya, ex-chairman of Diageo company United Spirits

A SBI-led consortium of 17 lenders has moved the Debt Recovery Tribunal to recover Rs 7,800 crore from Mallya and now-defunct Kingfisher Airlines.

Mar 3, 2016

Govt may examine asset or stake sale in 80 PSUs

To expedite stake sale, the government will exempt buyers from getting some clearances, said an Economic Times report.

Mar 3, 2016

Bloomberg-TheQuint.com to launch a new TV news channel

Bloomberg, Raghav Bahl sign agreement to launch news channel and website

Bloomberg and Bahl will together invest Rs 100 crore in the new venture.

Mar 3, 2016

India received record investments from private equity firms last year

Investments in consumer technology went up 46 percent to $6.9 billion last year.

Mar 3, 2016

GE to sell India financial services business to Aion, former execs

Aion has partnered with former GE Capital executives Pramod Bhasin and Anil Chawla for the acquisition.

Mar 3, 2016

david-cameron-and-ed-miliband-react-to-hsbc-headquarters-move

Forty big banks test blockchain-based bond trading system

The banks are part of a consortium of 42 major lenders, brought together last year by New York-based R3 CEV to work on ways blockchain technology.

Mar 3, 2016

Where to get the best Fourth of July discounts?

Target to invest billions to improve supply chain, ramp up online growth

Target blamed its "incredibly complex supply chain" for unacceptable stock levels in 2015 that hurt sales growth.

Mar 3, 2016

Airbus sees no serious impact from China economy slowdown

European plane maker Airbus broke ground on its first wide-body completion plant outside of Europe in China on 2 March, while its CEO Fabrice Bregier said he saw no serious impact on the China plane market from slowing economy. Airbus marked the handover of a completion and delivery centre for its wide-body A330 in Beijings neighbouring city of Tianjin, which will be a new addition to its existing assembly plant for A320 planes.

Mar 2, 2016