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Companies

Suzuki Motor Corporation

Suzuki to raise $1.8 billion for India expansion: Report

The Japanese company will be investing the amount in its wholly-owned subsidiary to make cars at its Gujarat facility in India. Mar 7, 2016

Pharma crusader Dinesh Thakur takes India's drug regulators to court

Thakur has accused the drug regulators of failing to enforce rules on drug safety in the $15 billion industry. Mar 7, 2016
Ocean Thermal energy

French firm could create 4,000 jobs under Make in India: Report

An upcoming Ocean Thermal Energy Conversion project could have local Indian content of more than 60 percent of order values. Mar 7, 2016
Wells Fargo

Wells Fargo searching for rainmaker in bid to boost dealmaking franchise

Wells is looking for a senior deal maker who can help the bank win roles on high-profile transactions. Mar 7, 2016
A worker installs advertising flags of British telecommunications company Vodafone outside an event

Govt. cannot forgo tax liabilities on Cairn, Vodafone: Revenue secretary

Revenue Secretary Hansmukh Adhia said the government has done enough in offering to waive off the interest and penalty. Mar 6, 2016
Ultratech

Cement majors seek change in MMDR Act to allow M&As

The present MMDR Act does not automatically transfer the limesotne mining rights to the new owner if the acquisition is partial. Mar 6, 2016
Air India

Air India Express to post Rs 250 crore profit for this fiscal: Report

The airline has been able to maintain a passenger load factor of 83 percent, despite increased competition from domestic players. Mar 5, 2016

Workers strike at ArcelorMittal Mexico plant over job cuts

More than 3,000 workers have gone on strike over job cuts and stopped operations at the plant in Lazaro Cardenas, Michoacan. Mar 5, 2016
Snapchat valuation reaches $20 billion with new round of funding: Report

Snapchat raises $175M in fresh funding; valuation unchanged at $16B: Report

Fidelity Investments bought Snapchat's shares at $30.72 per share in February, the Wall Street Journal reported. Mar 4, 2016

Cancers Achilles heel: Immunotherapy breakthrough as scientists discover flag to target tumours

Researchers say they can harness a patients immune system to kill malignant tumours. Mar 4, 2016
Pepsi India

PepsiCo bottler to issue Rs 1,000 crore IPO: Report

The company is reportedly planning to utilise the funds raised through the IPO, to be issued in early 2017, to expand its bottling operations. Mar 4, 2016
Amazon global delivery centre

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 Power

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 to discontinue Games, Livetext

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
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