Corporates

New Delhi | May 19, 2013 14:30 (IST)

Land acquisition will be a major hurdle for Swedish furniture retailer IKEA to set up its stores in India and it may have to even depend on public auction by government, according to real estate consultants.

New Delhi | May 19, 2013 14:11 (IST)

An inter-ministerial panel on disinvestment is scheduled to meet on Monday to consider an 11.36 per cent stake sale in National Hydroelectric Power Corporation (NHPC), which could fetch government around Rs 2,400 crore.

London | May 19, 2013 13:40 (IST)

After months of speculation, Vodafone's Vittorio Colao will be under pressure next week to set out whether he may sell its prized stake in Verizon Wireless in what would be one of the biggest deals ever.

Mumbai | May 19, 2013 12:39 (IST)

Air India's plan to trim its 27,000 bloated workforce by offering a voluntary retirement scheme (VRS) is stuck in the North Block, with the Finance Ministry questioning the rationale behind the proposed scheme.

New Delhi | May 19, 2013 12:01 (IST)

The income tax department has slapped a fresh $106 million (about Rs 582 crore) tax demand notice on Infosys, for fiscal year 2009, adding to the tax woes of India's second largest IT firm.

May 18, 2013 19:45 (IST)

India's investigation into whether Walmart may have bribed Indian officials to gain wider access to the country's vast market has been "closed" due to lack of evidence, a report said on Saturday.

New York | May 18, 2013 18:26 (IST)

Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines.

New Delhi | May 18, 2013 16:50 (IST)

A committee appointed by the government to look into US retail giant Walmart's lobbying activities to enter the Indian market is ready with its report and is likely to be submitted in a day or two.

Mumbai/Bangalore | May 18, 2013 16:48 (IST)

A breach of security at two payment card processing companies in India that led to heists at cash machines around the world has reopened questions on the risks of outsourcing sensitive financial services to the Asian nation.

New Delhi | May 18, 2013 15:39 (IST)

Tata Motors said on Saturday that it has raised 350 million Singapore dollars (about $280 million or Rs 1,525 crore) through issue of securities in Singapore, mainly for redemption of preference shares.

Kolkata | May 18, 2013 15:04 (IST)

State Bank of India (SBI) would review returns from its foreign and domestic business after margins overseas came under pressure, the country's largest banker said on Saturday.

Kolkata | May 18, 2013 14:11 (IST)

ONGC said it is keen on foraying into unconventional gas sources like shale gas and would bid for blocks once the government put in place a national policy.

Brussels | May 18, 2013 14:01 (IST)

Tata Steel, the second largest steel producer in Europe, supports proposals to use EU funds to soften the blow of steel plant closures, regional chief executive Karl-Ulrich Kohler said.

New York | May 18, 2013 12:20 (IST)

Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the internet company's website and mobile applications.

New Delhi | May 17, 2013 21:10 (IST)

Czech car maker Skoda is considering stopping production of hatchback Fabia in India as it gears up to introduce new models here.

New Delhi | May 17, 2013 19:18 (IST)

Hero Cycles said on Friday that it will set up two new plants by 2014 entailing an investment of up to Rs 200 crore and is also close to picking up stake in two firms in Europe as part of its international expansion.

New Delhi | May 17, 2013 17:17 (IST)

IT solutions provider NIIT Technologies on Friday reported a 22 per cent increase in its net profit at Rs 56.6 crore for the quarter ended March 31, 2012, backed by all-round growth especially in the travel vertical.

May 17, 2013 13:34 (IST)

Internet retailer Amazon.com Inc. will be called back to the British parliament to clarify how its activities in the UK justify its low corporate income tax bill, two lawmakers told Reuters.

May 17, 2013 13:26 (IST)

ITC, India's biggest cigarette maker, has reported higher than estimated profit for the January to March quarter on account of strong performance by the tobacco vertical and a turnaround in the FMCG sector.

May 17, 2013 13:00 (IST)

Overtaking Apple Inc as the world's leading maker of smartphones has stretched Samsung Electronics Co's in-house supply lines, and the South Korean firm is now courting some of its rival's main parts suppliers.