Companies

PE Firm Indigo Partners To Lead Consortium In Ajay Singh's Bid To Takeover SpiceJet

PE funds - Indigo Partners, TPG Capital and JPMorgan Infrastructure are said to back Ajay Singh's bid to take over the beleaguered airline and to pump in the required funds.₹

Dec 24, 2014

Uber CEO Travis Kalanick Indicted in South Korea for Operating Without Licences

Travis Kalanick, the CEO of Uber, the controversial ride-sharing service, and its South Korean unit were indicted by the government for violating transport laws in the country.

Dec 24, 2014

RBI May Allow Banks to Resume Gold Loans to Jewellers, Review Ban on Import of Gold Coins and Medallions

The RBI could lift the embargo on banks lending against gold.

Dec 24, 2014

UltraTech Acquires Jaiprakash Associates' Cement Plants For ₹5,400 crore

UltraTech has finalised a deal with Jaiprakash Associates to takeover two cement plants for ₹5,400 crore

Dec 24, 2014

BSE closes points 195.33 down on Dec 23

New Delhi, Dec 23 (ANI): Trading at the Bombay Stock Exchange today closed 195.33 points down to stand at 27,506.46. At the National Stock Exchange the Nifty closed 57.00 points down to stand at 8,267.00. GUJRAT GAS and EDELWEISS were among the top gainers of Group A with an increase of 17.92% and 6.19% along with PAGE INDUSTRIES LTD. and DCB BANK with an increase of 6.13% and 6.13% respectively, while the top losers of Group A include SCI and RASOYA PROTEINS LTD. with a decrease of 4.89% and 4.65% along with JAIN IRRIGATION SYSTEMS LTD. and VOLTAS with a decrease of 4.49% and 4.32% at the close of the markets. The Auto sector is down 24.77 points at 18,585.69 while the banking sector is down 153.69 points at 21,301.93 and the reality sector is down 11.64 points at 1,502.73. The Indian currency is up 0.13% at Rs 63.37per dollar.

Dec 23, 2014

American Apparel Confirms Buyout Approach; Dov Charney Speaks Out

American Apparel, the famous clothing brand that recently hired a new CEO after firing founder head Dov Charney, confirmed on Monday that it was approached for a buyout.

Dec 23, 2014

Open Up Coal Sector To Enhance Production, Says Suresh Prabhu-headed Advisory Group

The advisory group suggested reforms to open up the coal sector and to increase production, along with suggestions to make it easier to move coal to required industries.

Dec 23, 2014

Oracle Buys Datalogix to Overtake Rivals Salesforce and Adobe

Oracle Corp., the computer technology giant, announced on Monday that it has acquired Datalogix Holdings Corp., the consumer data collection company for an undisclosed amount.

Dec 23, 2014

Tata SIA's 2015 Gift to Indian Flyers, Vistara to Take to Indian Skies on 9 January

Tata Sons and Singapore Airlines full service airline, Vistara is to start flying in Indian skies from January 9, 2015.

Dec 23, 2014

India Inc Raises Record $19bn in 2014; India's External Debt Crosses $500bn

India Inc forex debt issuance finds acceptance in investor community, a record $19bn raised in 2014.

Dec 22, 2014

SpiceJet To See Ajay Singh Again? Shares Rally 20%

SpiceJet's co-founder is said to be interested to buy back the airline and to infuse much needed capital in association with financial majors and PE funds ₹

Dec 22, 2014

Xiaomi Redmi 1S Successor Release Date, Specs and Price Details Leaked

Xiaomi Raises $1 billion in Fresh Fundraising; Firm Now Valued at $45 Billion

Xiaomi, the third-largest smartphone maker in the world and the largest in China, has reportedly managed to raise $1 billion in its latest round of funding, which now values the company at $45 billion.

Dec 22, 2014

India, Russia Close in on Kamov-226T Helicopter Deal

India and Russia are close to finalizing the Kamov-226T helicopter deal, which would see India manufacture up to 400 helicopters a year, for local and export markets

Dec 22, 2014

GoAir's 1.7 million seats up for grabs; fares start at ₹1,469

Mumbai-based budget airline, GoAir upped its ante, seeks volumes for January to March 'lean' quarter

Dec 22, 2014

Centre to Raise ₹14,900 crore Via 5% Stake Sale in ONGC; Retail Allocation at 20%

The Central government is all set to divest 5% of its holdings in the oil and petroleum explorer, ONGC, helping raise ₹14,900 crore.

Dec 22, 2014

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Companies

PE Firm Indigo Partners To Lead Consortium In Ajay Singh's Bid To Takeover SpiceJet

Uber CEO Travis Kalanick Indicted in South Korea for Operating Without Licences

RBI May Allow Banks to Resume Gold Loans to Jewellers, Review Ban on Import of Gold Coins and Medallions

UltraTech Acquires Jaiprakash Associates' Cement Plants For ₹5,400 crore

BSE closes points 195.33 down on Dec 23

American Apparel Confirms Buyout Approach; Dov Charney Speaks Out

Open Up Coal Sector To Enhance Production, Says Suresh Prabhu-headed Advisory Group

Oracle Buys Datalogix to Overtake Rivals Salesforce and Adobe

Tata SIA's 2015 Gift to Indian Flyers, Vistara to Take to Indian Skies on 9 January

India Inc Raises Record $19bn in 2014; India's External Debt Crosses $500bn

SpiceJet To See Ajay Singh Again? Shares Rally 20%

Xiaomi Raises $1 billion in Fresh Fundraising; Firm Now Valued at $45 Billion

India, Russia Close in on Kamov-226T Helicopter Deal

GoAir's 1.7 million seats up for grabs; fares start at ₹1,469

Centre to Raise ₹14,900 crore Via 5% Stake Sale in ONGC; Retail Allocation at 20%

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]