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Maran to Sell Majority Stake in SpiceJet, 10% Salary Hike after 3 Years

The airline posted a loss of ₹1,003.24 crore in the previous financial year.

Aug 8, 2014

RCom Receives ₹650 Cr from Promoter Group Telecom

Reliance Communications on Thursday announced that it has received the first instalment of Rs 650 crore from Telecom Infrastructure Finance.

Aug 7, 2014

Adani Likely to Join Hands with IOC for Mundra Port Oil Refinery Project

The Adani Group and Indian Oil Corporation are in talks to build an Rs.30, 000 crore joint venture project with a capacity of 30 million tonne refinery at Mundra Port in Gujarat.

Aug 7, 2014

Syndicate Bank Bribery Case: Bhushan Steel Shares Dip 20% at 52-week Low

Stocks of Bhushan Steel recorded a year's low at ₹305 per share following involvement in Syndicate bank corruption case.

Aug 6, 2014

Luxury Brand LVL XIII Takes Legal Action Against Fashion Brand Louis Vuitton

Fashion industry's emerging firm LVL XIII Brands, has initiated legal action against one of the largest fashion brands Louis Vuitton for Trademark violation.

Aug 7, 2014

DoT Rejects CAG's Allegations on Undue Favours Extended to Reliance Jio

The telecom department responded in a 37 page report to Comptroller and Auditor General (CAG) regarding the issue.

Aug 6, 2014

Ratan Tata to Invest in Snapdeal to Join E-commerce Boom?

Tata would be the second Indian business tycoon after Wipro's Azim Premji to invest in the four-year-old firm.

Aug 6, 2014

Essar Bags $54 Million Contract from Saudi Aramco

Essar Projects, an engineering company on Tuesday announced that it has bagged a $54 million (₹328 crore) project from Saudi Arabian national oil and natural gas company Aramco.

Aug 5, 2014

Air India Incurs ₹10 Crore Loss Each Month due to Large Billboards in Take-off Area

Large and fancy billboards have been hindering smooth take-offs in Mumbai airport, due to which Air India reportedly incurs an estimated loss of about ₹10 crore per month on its Mumbai-New York flight

Aug 5, 2014

2G and 3G Spectrum Auction Expected in February

The department of telecom is likely to start the auction of 2G and 3G spectrum bands from February 2015.

Aug 2, 2014

India's Factory Output Reaches 17-Month High: HSBC PMI

Indian factory output rose to a 17-month high in July.

Aug 1, 2014

ICICI Bank Net Profit Rises 17% to $440 Million

ICICI's net profit for its fiscal first quarter rose to 26.55 billion rupees ($440 million) with a 17 percent rise.

Jul 31, 2014

Piramal, Dutch APG Alliance for $1 Billion Infrastructure Investment in India

Piramal Enterprises Limited has linked up with Dutch pension fund APG Asset Management to invest $1 billion in Indian infrastructure companies over three years.

Jul 31, 2014