Kolkata | April 24, 2014 18:42 (IST)
Zuari Agro Chemicals chairman Saroj Kumar Poddar said it is evaluating options after Deepak Fertilisers announced an open offer for control of Vijay Mallya-promoted Mangalore Chemicals and Fertilizers Ltd (MCFL).
New Delhi | April 24, 2014 18:41 (IST)
State-owned iron ore miner NMDC is set to form a joint venture agreement with Mosi Oa Tnuya Development Company (MOTDC), a firm owned by the Zimbabwe government, for development of exploration assets, according to a Steel Ministry official.
New York | April 24, 2014 18:24 (IST)
India slid down to 83rd spot among 148 economies in terms of leveraging information and communications technologies (ICT) for growth and wellbeing, according to a World Economic Forum report.
Hyderabad | April 24, 2014 18:24 (IST)
Infotech Enterprises on Thursday reported a 29 per cent increase in net profit at Rs 70 crore for the fourth quarter that ended on March 31, 2014.
New Delhi | April 24, 2014 18:09 (IST)
Air India Ltd is seeking to lease 14 Airbus A320 aircraft, according to a tender document posted on the state-run carrier's website.
April 24, 2014 18:08 (IST)
The firm which owns, operates and manages hotels, palaces and resorts, is likely to hive off the properties into separate entities and sell 74 per cent stake to a foreign investor. Leela will retain 26 per cent stake and continue to manage the five-star hotels.
April 24, 2014 18:05 (IST)
US industrial giant General Electric is in discussions to take over France's Alstom in a deal which could cost more than $13 billion, Bloomberg reported on Wednesday.
Written By: Varun Sinha | April 24, 2014 16:44 (IST)
Both M&M and Maruti Suzuki have now come out with aggressive plans to roll out compact SUVs, which sold nearly 1.3 lakh units in FY14, according to Nomura estimates. But the Indian automakers will face tough competition from global MNCs, who have been encouraged by the recent successes of erstwhile marginal players like Renault and Ford.
April 24, 2014 16:40 (IST)
Rainfall is expected to be 95 percent of the long-term average, with a margin for error of plus or minus 5 percent, during the June-to-September season, it said in a statement.
New Delhi | April 24, 2014 16:34 (IST)
Nokia has yet to agree to conditions set by an Indian court, including payment of a guarantee for potential tax dues in a dispute with Indian authorities, before it transfers the plant to Microsoft. The plant, which Nokia says employs about 6,600 employees, is one of its biggest factories globally.
New Delhi | April 24, 2014 16:25 (IST)
Stocks continue to outshine gold and silver when it comes to adding to investors' wealth by giving returns of 8 per cent so far this year.
April 24, 2014 16:07 (IST)
ACC, which follows a January-December accounting year, had clocked a profit of Rs 438 crore in the corresponding quarter a year earlier, it said in a statement.
April 24, 2014 15:37 (IST)
The shares were bought at an average price of Rs 62.50 each, according to the filing. Following the transaction, Deepak Fertilisers said its subsidiary holds 2,99,92,459 shares in MCFL and its stake increased to 25.31 per cent from 24.5 per cent.
New Delhi | April 24, 2014 15:30 (IST)
Life Insurance Corporation (LIC) lowered its exposure in 15 blue-chip firms during the quarter ended March with sale of shares that are currently worth over Rs 6,300 crore.
London | April 24, 2014 15:11 (IST)
Global stocks were back on the front foot on Thursday, as upbeat earnings from tech heavyweights Apple and Facebook helped shake off some of the jitters that have hit the sector in recent weeks.
April 24, 2014 15:07 (IST)
A document uploaded onto its website and signed by bankruptcy administrator, attorney Nobuaki Kobayashi, said that he would conduct an investigation regarding the liability of the representative director of the company, Mark Karpeles, regarding the missing assets.
Singapore | April 24, 2014 14:59 (IST)
Sustained weakness in the Chinese yuan has soured sentiment on emerging Asian currencies while views on the Singapore dollar turned negative in the past two weeks, a Reuters poll showed on Thursday.
New Delhi | April 24, 2014 14:49 (IST)
South Indian Bank has reported a 19 per cent fall in net profit at Rs 124.60 crore for the fourth quarter ended March, 2014.
Seoul | April 24, 2014 14:40 (IST)
South Korea's Hyundai Motor Co on Thursday missed analysts' estimates by posting a nearly flat net profit, as lacklustre US performance offset increased sales in Korea and China.
April 24, 2014 14:39 (IST)
IHCL intends to utilise part of the proceeds from the issue towards capital expenditure proposed to be incurred by the company for construction of Vivanta by Taj in Guwahati.