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Aer Lingus Rejects Takeover Bid from British Airways' Owner IAG, Citing Undervaluation

Aer Lingus, the Irish airline, rejected a takeover bid from IAG, the parent company of British Airways on Thursday asserting that the deal undervalues its worth.

Dec 19, 2014

McDonald's Scaling Back on Its Quarter Pounders, Premium Chicken Sandwiches and Snack Wraps

McDonalds, the fast-food giant, announced on Monday that it would cut down the variety of offerings in its Quarter Pounder with Cheese, Premium Chicken Sandwiches and the Snack Wrap range in some select experimental markets.

Dec 18, 2014

Uber Promises to Invest in Customer Safety Amid Passenger Security Controversies

Uber announced in a blog post on Tuesday that it will invest in passenger security across all its markets.

Dec 18, 2014

Dov Charney Fired! American Apparel Hires New CEO

Dov Charney, the CEO of American Apparel – the hipster clothing brand – has finally been given the boot months after first announcing the sacking. The company has hired fashion executive Paula Schneider, a new woman CEO to head the company.

Dec 17, 2014

Standard Chartered Sheds Consumer Business Units in Hong Kong and Shenzhen

Standard Chartered, the British multinational banking giant, sold its consumer finance units in Hong Kong and Shenzhen to a consortium of investors for a deal worth $600 to $700 million as a part of their new restructuring deal.

Dec 16, 2014

Olam International Buys Archer Daniels' Cocoa Business for $1.3 Billion

Olam International Ltd., the agro-products supply chain and the world's largest shippers of coffee and cocoa, has agreed to take over Archer Daniel Midland's (ADM) cocoa business for a deal worth $1.3 billion.

Dec 16, 2014

November Gold Imports Up Six-fold in November, Trade Deficit at 18-month High

Trade Secretary Rajeev Kher terms increase in gold imports 'phenomenal'

Dec 16, 2014

BT Group in Talks to Buy EE Limited for $19.6 Billion

BT Group Plc, the British multinational telecommunications giant, is reportedly in talks of buying UK-based mobile network operator EE Limited for a deal worth $19.6 billion.

Dec 16, 2014

Petrol and Diesel Prices Cut By Rs 2; Currency Weakness Erodes Possible Savings

Petrol and diesel prices have been cut by Rs.2, including state taxes for the second time in a fortnight, reflecting crashing crude prices globally

Dec 16, 2014

Vistara to Take to The Skies In Early 2015, Receives Flying Permit

The Tata Sons and Singapore Airlines jv has received flying permit, allowing it to start operations and take to the skies soon.

Dec 16, 2014

SpiceJet Gets Temporary Reprieve on Payment Owed to AAI; Shares Slide 14%

SpiceJet faces existential dilemma. Has to raise funds in the next 10 days.

Dec 16, 2014

Sony Xperia Z5 To Follow Xperia Z4's Lead With New Design, 2K Screen In Q4 2015

Sony Pictures Asks News Outlets to Stop Publishing Hacked Emails

Sony Pictures urged all news outlets to stop publishing the leaked emails that hackers exposed in the past few weeks, in a strongly worded letter released on Sunday.

Dec 15, 2014

PetSmart Bought for $8.7 Billion in Largest Acquisition Deal

PetSmart, the pet-supplies retailer, will reportedly be bought out by a consortium of investors shelling out $8.7 billion for the company. This marks the largest acquisition deal of 2014.

Dec 15, 2014

Anil Ambani's Reliance MediaWorks sells Big Cinemas to Carnival Group

Reliance Group, led by Anil Ambani sold its Big Cinemas chain of movie screen to Carnival Group, a South-based operator

Dec 15, 2014

Jan Dhan Yojana Beneficiaries Face ATM Access Shortage; Cap On Transactions Risks Scheme

The Government's Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme faces a severe shortage of ATMs for the beneficiaries. Cap on ATM transactions hinders adoption.

Dec 15, 2014

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