National & International Financial news and Updates

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Snapdeal Valuation Pegged at $5 bn, Could Raise $400 Million from Investors

The online marketplace is looking at raising $400 mn in investment

Feb 14, 2015

RBI Moves Supreme Court to Restrain Sahara Group Firm From Selling Assets

The RBI said that it wanted to ensure that depositors of Sahara India Financial Corporation are not affected as a result of the group's efforts to secure Roy's bail

Feb 14, 2015

Israeli Defence Minister to Visit Bangalore Aero India Exhibition

Israeli defence minister Moshe Ya'alon would visit India to further the defence relationship.

Feb 13, 2015

Boeing Asks India to Confirm Helicopter Deal Worth $2.5bn, Warns Govt of Price Rise

Boeing asked the Indian Government to finalise the helicopter deal which would see Apache attack and Chinook heavy-lift helicopters, at a reported cost of $2.5bn, which could rise if the deal continues to hang.

Feb 13, 2015

First Tranche of Funding 'Imminent', Restructuring in Full Swing: SpiceJet COO

SpiceJet's COO said the airline's turnaround is progressing as per the new business plan, with the first tranche of funding to be made available soon.

Feb 13, 2015

U.S. Treasury Secretary Jack Lew (R) shakes hands with India's Finance Minister Arun Jaitley

Budget 2015: Sensex Up 860 Points in 4 Days; Markets Cheer Jaitley's Assurance On Reforms

The pre-Budget rally is taking indices to record highs, expecting positive announcements

Feb 13, 2015

Jet Airways Valentine's Day Offer: Discounted Airfares on International Routes

Jet Airways has launched its Valentine's Day discounted fares for two or more people travelling to Europe, North America and East Asia.

Feb 13, 2015

SpiceJet Posts ₹275 Crore in Losses in Q3; Recapitalisation will Help Turn Around, says CFO

The airline posted poor Q3 results after facing severe turbulence which saw the management change hands, and new funds being infused into the beleaguered airline.

Feb 13, 2015

Sahara Readies Legal Action against Mirach Capital over Deal Collapse

Allegations fly on both sides over collapse of the deal necessary to secure Sahara India's chief Subrato Roy and two other executives.

Feb 13, 2015

Pipavav Defence Denies Plans to Sell Stake to Mahindra

A report had claimed that it is planning to sell stake for ₹3,500 crore

Feb 12, 2015

Apple Worth More Than $1 Trillion: Carl Icahn

Activist investor Carl Icahn said that he valued the company's shares at $216 per share.

Feb 12, 2015

A model of the new Hyderabad International Airport

Privatisation of Airports: Adanis Eye Ahmedabad Airport

The privatisation move has been criticised by AAI employees

Feb 12, 2015

'Digital India': Call Centers, BPOs in Small Towns Soon, Says Ravi Shankar Prasad

Private players will be given incentives to set up the centres that will serve the poor, he said

Feb 12, 2015

Mahindra to Acquire Pipavav Defence for ₹3,000 Crore, Eyes Order Book

The Indian defence industry is witnessing consolidation, as companies line up to pick up supplying to the Indian defence requirements. This news could see more tie-up between Indian players, and Indian and foreign players.

Feb 12, 2015

Hotel Plaza owned by Sahara Chief in New York

Sahara-Mirach Deal Falls Through, Dampens Efforts to Secure Subrata Roy's Release

However, the offer to buyout Sahara's three overseas hotels for $2.05 billion exists

Feb 11, 2015

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