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Business news

Sun Pharma's Dilip Sanghvi to Invest $290 Mn in Tulsi Tanti's Suzlon

The wind turbine maker would see funds infusion to the tune of 1,800 crore by Dilip Sanghvi through his personal investment firm.

Feb 14, 2015

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

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

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

SAP Introduces Next-Gen Enterprise Software - S/4 HANA

The Germany-based technology company announced the launch of its 4 SAP HANA next generation enterprise software

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

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