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SpiceJet stake sale back on table; Gulf airlines reportedly interested

Indian budget airline SpiceJet Ltd, which has surged more than 280 percent in 2015, said it's received interest from Gulf airlines looking to acquire a stake.


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HSBC shuts private banking business in India

Hong Kong and Shanghai Banking Corp. Ltd (HSBC) on Friday said it will shut its private banking business in India through which it provides asset-management services to customers with a net worth of over $1 million (Rs 6.7 crore).


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Aamir Khan 'intolerance' row: Flipkart backs rival Snapdeal

As Snapdeal was condemned on social media over comments by its brand ambassador Aamir Khan about growing intolerance in the country, Flipkart came out in support of its online rival. Snapdeal dissociated itself...


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Idea Cellular to buy Videocon spectrum in Gujarat, UP for Rs 3,310 cr

Idea Cellular Ltd, India's third-biggest mobile phone operator, has decided to buy radio airwaves in two services areas from smaller competitor Videocon Telecommunications for Rs 3,310 crore to strengthen its high...


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SC to Vodafone: Pay Rs 2,000 crore ahead of merger approval

The Supreme Court on Monday asked Vodafone Mobile Services Ltd (VMSL) to pay Rs. 2,000 crore to the union government in pursuance of a proposed merger of four entities into itself. Vodafone India wants to merge...


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SBI declares Vijay Mallya, Kingfisher Airlines, UBL wilful defaulters

After a stretched legal battle, State Bank of India (SBI) has declared industrialist Vijay Mallya a 'wilful defaulter' for defaults on nearly Rs 7,000 crore loans to the Kingfisher Airlines. After the Bombay High...


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8 Anil Ambani group cos get conditional approval for defence units

The Department of Industrial Policy and Promotion (DIPP) has conditionally approved 11 industrial licenses for 8 subsidiaries of Reliance Defence. As many as 32 proposals were cleared by a high-powered panel...


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7th Pay Commission proposes drastic changes, favors merit over seniority for

The 7th Pay Commission headed by Justice AK Mathur on Thursday submitted its report to Finance Minister Arun Jaitley, suggesting 23.55 percent hike in pay and allowances of central government employees.


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Pfizer-Allergan Rs 9.91 lakh crore deal talks advance

American pharmaceutical company Pfizer is nearing a deal to buy Allergan, a rival drug maker that has its headquarters in Ireland, for as much as $150 billion (Rs 9.91 lakh crore), potentially helping the company move its corporate citizenship overseas and reduce its tax bill.


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Jet Airways, IndiGo and SpiceJet to challenge CCI order

Indian carriers SpiceJet, Jet Airways and IndiGo today said they would pursue legal steps against Competition Commission of India (CCI) order imposing penalties totaling Rs 258 crore on them for anti-competitive practices related to air cargo.


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Ola Raises $500 Million From SoftBank, Didi Kuaidi, and More

The online taxi aggregator Ola has raised $500 million (roughly Rs. 3,299 crores) from Baillie Gifford, Tiger Global, SoftBank Group and others to intensify capacity building and drive new use cases as it raised the stakes to compete with rivals like US-based Uber and homegrown Meru.


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Sensex drops over 250 points, Nifty below 7,750 on weak IIP data

The S&P BSE Sensex slid over 250 points in morning trade on Friday following muted trends seen in other Asian markets as commodity slump drew the markets lower.


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Jet Airways to buy 75 fuel-efficient Boeing planes

Jet Airways, the country's second-largest airline by passengers carried, will buy 75 fuel-efficient 737 MAX planes from Boeing Co. to compete with domestic and international competitors that have already placed orders for similar planes.


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Amazon Black Friday 2015 Deals: HD TVs, Gadgets, Toys & More On Offer

The Amazon Black Friday 2015 deals start now with a countdown to Black Friday on Amazon that includes more than 30,000 lightning deals and loads of electronics and gadget deals available.


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Walmart's Black Friday 2015 leaked? Black November Sale Deals for 4K TVs,

An early Christmas present in form of Black November's sale is already here ahead of the 2015 Black Friday deals.


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PM Modi launches gold monetization scheme, India's first gold coin

Prime Minister Narendra Modi today launched 3 gold schemes, including a Gold Monetization Scheme (GMS), to entice tonnes of gold from households into the banking system. It is aimed at cutting imports.


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Amazon Black Friday 2015 deals: What's new

Amazon and Walmart are back with Black Friday 2015 deals that are going to be much bigger and better than anyone else.


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Walmart Black Friday 2015 ads and deals: sales on weeks in advance

In the past few years, we've seen that Black Friday deals are no longer exclusive to the day after Thanksgiving, and 2015 seems to be on that track as well. Many retailers will be offering sales for the entire months of November and December.


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Nestle India MD Suresh Narayanan now also chairman

In a filing to the BSE, Nestle India said that the board of directors' meet on October 29, has appointed Suresh Narayanan, the company's current managing director, as the chairman of the company.


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Samsung launches $9.9 billion buyback outlay

Tech Czar Samsung Electronics Co Ltd on Thursday unveiled a 11.3 trillion won (Rs 64,419.3 crore) share buyback after registering its first on-year profit growth in two years. Samsung said it would annul all shares purchased...


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India Rises in World Bank's Ease of Doing Business List

Prime Minister Narendra Modi's dream to turn the country into a top investment destination is on a positive track, with India now ranked by the World Bank at 130 of 189 countries on "Ease of Doing Business."


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Nestle India gains on news of Maggi Noodles production resuming at 3 plants

Nestle India said that it has resumed manufacturing of its instant noodles Maggi at three of its India plants and it will be available in the markets after getting clearances from food testing laboratories.


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Amazon CEO Jeff Bezos is 3rd richest in US

Jeffrey Bezos of Amazon, Larry Page and Sergey Brin of Alphab, Bill Gates of Microsoft, together collected more than $11 billion in gains Friday from their stocks following astounding earnings reports...


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United shares fall after CEO suffers heart attack

Barely a month after he took on the job, United Continental Holdings Inc's (UAL.N) new chief executive has suffered a heart attack, said a source familiar with the matter.


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'Rail Neer' racket: CBI seizes Rs 20 crore during raids; two former Railway

The Central Bureau of Investigation (CBI) has recovered Rs 20 crore in cash during searches at 13 locations against two former Chief Commercial Managers (Catering), Northern Railways officials and seven private firms in connection...


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HC Seeks Centre, Delhi Govt Response on Uber Plea to Ply

Delhi High Court on Tuesday sought response from the Centre and Delhi's AAP government on Uber's petition that the authorities be restricted from interfering with its business. A bench of Chief Justice G Rohini and Justice Jayant...


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HDFC Bank comes under radar of CBI, ED

The Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) probe into the Bank of Baroda Scam reached the doorsteps of HDFC Bank on Tuesday after one of the six persons arrested by the agencies turned out to be an official of HDFC Bank's forex department.


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Infosys CFO Rajiv Bansal quits, Ranganath D Mavinakere new CFO

Rajiv Bansal, EVP and the CFO of Infosys, has stepped down from his post. Ranganath Mavinakere, EVP and head of strategic operations and CEO's office was appointed to replace him.


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Vodafone wins crucial Rs 8,500 cr transfer pricing case

Vodafone India has won its legal battle against the income-tax department in an Rs 8,500 crore transfer pricing case in the Bombay High court. The dispute relates to the sale of the Ahmedabad-based call centre business...


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Former employee sues Wipro for sexual harassment, discrimination

A former Wipro employee has sued the IT major for up to 1 million pound, accusing a former senior executive of sexual harassment and the company of unfair dismissal. However, the firm has dismissed the allegations as...


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