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  • Aditya Birla Group Announces JV With South African Firm

    Aditya Birla Group Announces JV With South African Firm

    Aditya Birla Group has announced a joint venture with a South African insurance giant to enter the Indian health insurance market.

  • Jaiprakash Associates Merger With Unit Approved by NSE

    Jaiprakash Associates Merger With Unit Approved by NSE

    Jaiprakash Associates' proposed merger of subsidiary Jaypee Sports International Ltd with itself has got approved from National Stock Exchange (NSE).

  • Microsoft to Drop Nokia Name From Lumia Smartphones

    Microsoft to Drop Nokia Name From Lumia Smartphones

    US software giant Microsoft on Friday said it will now start selling Lumia smartphones as 'Microsoft Lumia' devices, instead of calling them Nokia Lumia.

  • Top Jet Airways Officer Subodh Karnik Quits

    Top Jet Airways Officer Subodh Karnik Quits

    Top Jet Airways' officer Subodh Karnik has quit the airline, becoming the latest in a spate of resignations from the premier private carrier after Gulf-based Etihad Airways picked up a 24 per cent stake in it.

  • Telecom Department Seeks Additional Details on Reliance Jio, Infotel Merger: Report

    Telecom Department Seeks Additional Details on Reliance Jio, Infotel Merger: Report

    The Department of Telecom (DoT) has sought more details on the proposed merger of Reliance Jio Infocomm Ltd (RJIL) and its long distance services arm Infotel.

  • Pfizer's $11-Billion Buyback Plan Deflates AstraZeneca Bid Hopes

    Pfizer's $11-Billion Buyback Plan Deflates AstraZeneca Bid Hopes

    US drug maker Pfizer is to continue buying back stock, with the board authorising a new $11-billion share repurchase plan, deflating expectations that it will make a new bid for AstraZeneca.

  • Sistema Shyam Teleservices FDI Proposal Rejected by Government

    Sistema Shyam Teleservices FDI Proposal Rejected by Government

    The Finance Ministry has rejected Sistema Shyam Teleservices' (SSTL) proposal to increase foreign stake to 100 per cent due to conversion of redeemable preference shares into equity.

  • Government Clears 20 FDI Proposals Worth Rs 988 Crore

    Government Clears 20 FDI Proposals Worth Rs 988 Crore

    The Finance Ministry has cleared 20 foreign direct investment (FDI) proposals including 6 in the pharmaceuticals sector envisaging a total inflow of Rs 988.3 crore.

  • Wal-Mart India Appoints Murali Lanka Operations Chief

    Wal-Mart India Appoints Murali Lanka Operations Chief

    The appointment of Lanka, who will report to Wal-Mart India Chief Executive Krish Iyer, is effective December 1, the company said in a statement on Friday.

  • Rajaratnam's Brother Reaches Insider Trading Deal With US SEC

    Rajaratnam's Brother Reaches Insider Trading Deal With US SEC

    The settlement was filed on Thursday by the SEC in New York federal court, three months after a federal jury in Manhattan acquitted Rengan Rajaratnam of conspiring to engage in insider trading, a rare defeat for US prosecutors. Under the agreement with the SEC, Rajaratnam will pay the $841,243 in four equal payments and will neither admit nor deny wrongdoing. The deal must be approved by US District Judge John Koeltl in Manhattan.

  • Google Commits to $1 Billion in Long-term Office Leases

    Google Commits to $1 Billion in Long-term Office Leases

    Google did not say where the office buildings were located in its disclosure as part of its quarterly regulatory filing with the US Securities and Exchange Commission on Thursday.

  • Options Investors See Good Times Rolling for Facebook

    Options Investors See Good Times Rolling for Facebook

    Facebook, whose shares rose 3 per cent to a new year-high of $80.63 on Thursday, is scheduled to report third-quarter results on October 28.

  • Amazon's Holiday-Quarter Forecast Disappoints, Shares Dive

    Amazon's Holiday-Quarter Forecast Disappoints, Shares Dive

    After an unusually busy first half of the year that saw the online retailer spend on developing everything from mobile phones and Hollywood-style production to grocery deliveries, investors were ready to see it curtail its ambitions and start delivering sustainable profits.

  • GM Posts Higher-Than-Expected Profit on Strong North American Demand

    GM Posts Higher-Than-Expected Profit on Strong North American Demand

    The positive results provided a respite from the drumbeat of negative news this year surrounding faulty ignition switches that led to massive recalls and have been blamed for at least 29 deaths.

  • Apple Ponders Sapphire Options, Leaves Door Open for GT

    Apple Ponders Sapphire Options, Leaves Door Open for GT

    GT, a former stock market darling and supplier to Apple, filed for bankruptcy on October 6 in a stunning turn of events for a company whose fortunes looked bright only a few months ago. Apple said on Thursday that GT's "ambitious" vision of sapphire manufacturing was ultimately not quite ready for primetime.

  • Google Bolsters Artificial Intelligence Efforts, Partners With Oxford

    Google Bolsters Artificial Intelligence Efforts, Partners With Oxford

    Google will make a "substantial contribution" to establish a research partnership with Oxford's computer science and engineering departments, the company said on Thursday regarding its work to develop the intelligence of machines and software, often to emulate human-like intelligence.

  • Tesco Accounting Black Hole Deepens, Chairman to Step Down

    Tesco Accounting Black Hole Deepens, Chairman to Step Down

    Tesco said the overall impact from the incorrect booking of income was 263 million pounds ($421 million), up from an original estimate of 250 million pounds. When adding one-off costs such as the accounting hole and an impairment charge, its first-half statutory pretax profit was down 91 per cent.

  • Maruti's Gujarat Plant: LIC, MFs Say Awaiting Shareholders Meet

    Maruti's Gujarat Plant: LIC, MFs Say Awaiting Shareholders Meet

    When asked if the LIC will go by the recommendation of proxy advisors, the official said, "it is wrong to believe that LIC will go by the advice of proxy advisors. Let me reiterate that we are yet to form an opinion on the issue."

  • US Tech Firm Fined for Underpaying Indian Workers

    US Tech Firm Fined for Underpaying Indian Workers

    The probe announced this week by the US Department of Labor uncovered several egregious violations at Electronics for Imaging Inc., a printing technology specialist that generated revenue of $728 million last year, when the misconduct occurred.

  • Honda Executives Take Pay Cut After 5th Fit Hybrid Recall

    Honda Executives Take Pay Cut After 5th Fit Hybrid Recall

    Honda said the latest recall was over two noise-related defects in the Fit and Vezel hybrids as well as some gasoline-engine Fit and N-WGN models. The automaker will also recall 251 cars overseas for the same glitch.

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