New Delhi | June 18, 2013 22:10 (IST)
Infrastructure financing company IDFC said on Tuesday that its board has approved a proposal to seek licence from the Reserve Bank of India (RBI) for setting up a bank.
Mumbai | June 18, 2013 20:45 (IST)
Top private lender ICICI Bank on Tuesday raised yuan 650 million in an offshore Chinese debt market offering, merchant bankers associated with the bond sale said.
Paris | June 18, 2013 20:26 (IST)
Boeing launched a larger version of its flagship Dreamliner aircraft at the Paris Airshow on Tuesday, sharpening the battle with rival Airbus in the booming market for fuel-efficient, long-distance jets.
London | June 18, 2013 19:34 (IST)
Vodafone faces a battle for Germany's largest cable company, Kabel Deutschland, although rival bidder Liberty Global of the United States has bigger regulatory and funding hurdles to overcome.
New Delhi | June 18, 2013 19:34 (IST)
Anglo-Dutch consumer goods giant Unilever Plc is looking to hike stake in its Indian arm HUL to 75 per cent through the open offer. Currently, it has a stake of 52.48 per cent.
New Delhi | June 18, 2013 18:30 (IST)
Outsourcing firm iGate has been slapped with class action lawsuit in the US for alleged violations of federal securities laws in view of its sacked CEO Phaneesh Murthy's "improper relationship" with a subordinate employee.
New Delhi | June 18, 2013 17:44 (IST)
China-based Huawei Telecommunications is targeting sales of 10 lakh smartphones, in the next six months in India.
Reported By: Sam Daniel | Chennai | June 18, 2013 15:40 (IST)
Sleuths of the Income Tax Department today searched more than 25 premises in the city belonging to the SRM group, sources said.
Mumbai | June 18, 2013 15:11 (IST)
RBI has allowed the buyer of the forex option to spread the premium payment over the maturity of the contract.
London | June 18, 2013 14:03 (IST)
EasyJet agreed to buy 35 current-generation A320 aircrafts and 100 new-generation A320neo jets, with options for a further 100.
Written By: Ramarko Sengupta | New Delhi | June 18, 2013 13:07 (IST)
According to reports, Commerce and Industry Anand Sharma has made an offer to the European Union (EU) as part of a free trade agreement (FTA) to slash the import duty on spirits and wine to 40 per cent from 150 per cent currently.
June 18, 2013 12:03 (IST)
Over the last five years Infosys has lagged HCL Tech and TCS the same way as TVS Motor has lagged Bajaj Auto, domestic investment bank Ambit says in a report.
Written By: Varun Sinha | June 18, 2013 11:22 (IST)
Infosys founder N R Narayana Murthy came back from retirement earlier this month to take charge of India's second biggest outsourcer, which had lagged its peers over the last few quarters, pressuring its stock price and dampening investor confidence.
New Delhi | June 17, 2013 20:50 (IST)
Mr Roy, who at present a Managing Director in the organisation, would be succeeding D K Mehrotra, whose term as LIC chief ended on May 31.
June 17, 2013 18:16 (IST)
Panel members conducted the second phase of inspection of Sterlite unit yesterday, and checked if the pollution monitoring equipment at the unit was working properly.
Hong Kong | June 17, 2013 17:38 (IST)
Li's companies have been seeking to expand their already considerable global portfolio of investments in utilities and infrastructure, which include electricity plants in Australia and natural gas networks in Britain.
Guwahati | June 17, 2013 15:30 (IST)
While LG Electronics and Blue Star have already increased prices, Tata group company Voltas has said that it's keeping its options open.
June 17, 2013 08:36 (IST)
Foreign banks are fuelling India's recent burst of overseas takeover bids, offering cheap U.S. dollar loans to corporates hungry to expand beyond their home state.
London | June 16, 2013 17:34 (IST)
Air India's latest acquisition, the Boeing 787 Dreamliner, is likely to shore up the fortune of India's national carrier as passengers are giving big thumbs up after travelling in the next generation flying machine.
New Delhi | June 16, 2013 17:34 (IST)
In a relief to Reliance Industries Ltd (RIL), Oil Minister M Veerappa Moily has indicated that he may not fully accept Directorate General of Hydrocarbons recommendation for taking away 86 per cent of the company's KG-D6 gas block area.