Finance

indian-navy-warships-representational-image

India to Modernise its Aging Naval Fleet as China Increases Presence in Indian Ocean

As Chinese battle ships and submarines increase their "port of call" in the Indian Ocean, India prepares to defend its "strategic background" more vehemently.

Dec 3, 2014

The Plaza, New York, partly owned by the Sahara Group

Supreme Court Permits Sahara To Sell Properties Valued At ₹ 2,700 crore

Supreme Court grants permission to Sahara for sale of four domestic properties; Sahara to provide details to the court about the '$650mn junior loan'

Dec 3, 2014

Quikr Shifts Base to Bangalore to Tap Available Technology Talent Pool

Bangalore plays host to start-ups; talent pool considered diverse and significant.

Dec 3, 2014

Flipkart Founders Invest ₹6 Crore in Electric Vehicle Start-up Ather

Ather sees second-round funding from Raju Venkataraman; product development gains pace.

Dec 3, 2014

Gold Rises About 4%: Biggest One-Day Gain Since 2013

Gold clocks above $1,200 for the first time since October with Japan sovereign downgrade and import relaxations in India.

Dec 2, 2014

India, France Agree to 'Finalise' Rafael Deal for 126 Fighter Jets

The deal remains stuck over Dassault's reluctance to accept responsibility for the 108 planes to be built by HAL

Dec 2, 2014

RBI Maintains Key Rates and Hints at Rate Cut in 2015; Growth Pegged at 5.5%

RBI leaves policy rates unchanged but hints at rate cut in 2015; Sensex down 0.60%

Dec 2, 2014

Walmart Hit With Massive Protests on Black Friday

While shoppers flocked to several Walmart stores across the United States on Black Friday, the retailer also drew throngs of aggrieved employees and their supporters in front protesting in front of more than 1,600 stores nationwide.

Nov 29, 2014

'Putin's Banker' Sergei Pugachev on Interpol's Wanted List

Sergei Pugachev, a Russian tycoon and once known as "Putin's Banker," is on Interpol's list of "Wanted Persons"

Nov 28, 2014

Coca-Cola, SABMiller Merge Business to Create 'Coca-Cola Beverages Africa'

Beverage giants Coca-Cola and SABMiller have joined forces with packaging firm Coca-Cola Sabco, to form "Coca-Cola Beverages Africa" - the largest Coca-Cola bottler in Africa and the 10th largest in the world.

Nov 27, 2014

China's Growth Model Outdated; Will Current Reforms Save the Economy?

Experts say China's development model is "obsolete" and needs to be replaced "immediately".

Nov 27, 2014

China Slaps Microsoft with $140 Million Tax Fine

China has levied a massive $140 million fine on Microsoft Corp for tax evasion in the country, according to reports.

Nov 26, 2014

News Corp Invests $30 Million in Indian Property Website PropTiger.com

News Corp, the Rupert Murdoch-led media giant, has made an investment worth of $30 million on Indian real estate website PropTiger.com.

Nov 25, 2014

Russia Could Scale Back on Oil Production Ahead of OPEC Meet

Russia mulls limiting its annual oil production to 525 million tons due to falling prices and western sanctions.

Nov 25, 2014

Onex Buying Swiss Packaging Group SIG for $4.66 Billion

Onex Corp, the Canadian private equity firm, announced on Monday that it would be acquiring SIG Combibloc Group AG, the Switzerland-based packaging giant for a deal worth $4.66 billion.

Nov 24, 2014