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SpiceJet cancelling 40 flights a day  (21 November 02:47 am) 
As part of fleet restructuring, loss-ridden SpiceJet has started cancelling 40 flights a day from its schedule. “SpiceJet is temporarily removing 40 flights a day from its schedule as part o...
Gamesa to launch next-gen turbines  (21 November 01:47 am) 
Gamesa India said that it would manufacture and launch next generation G114-2 MW wind turbines by end-2015. On Thursday, Gamesa Executive Chairman, Ignacio Martin, and its Business CEO, X...
Footwear and apparel maker Woodland plans to launch a separate line of products for third party e-commerce sites. The move comes as the firm is miffed by discounts given by the e-commerce firms o...
Share swap ratio fixed at 1000 equity shares of Rs. 10 each of ING Vysya Bank for 725 equity shares of Rs. 5 each of Kotak Mahindra Bank.
First merger since global meltdown  (21 November 01:47 am) 
Kotak Mahindra Bank’s acquisition of ING Vysya Bank is the country’s first ever amalgamation of a profit earning entity post the global financial meltdown in 2008. Although two more merge...
Tech Mahindra, on Thursday, announced that it had signed a definitive agreement to acquire U.S.-based network services company Lightbridge Communications Corporation (LCC) for an enterprise value...
The existing management team continues as is and there will be no change whatsoever in the firm’s strategy or culture.
Cashkaro to ride on e-commerce boom  (21 November 01:47 am) 
The firm has driven sales of Rs.100 crore for its partners in the last 15 months
Volkswagen starts exports of Polo to Mexico  (21 November 12:47 am) 
Volkswagen India has started exporting new Polo 1.6 Highline to Mexico, a year after entering the Mexican market with shipments of its India-made Vento. The export versions of Vento and...
With 100 million Indians expected to shop online by 2016, e-commerce sector in the country will grow to be a $15 billion market in two years, according to a report by Google and Forrester Consulti...
The Reserve Bank on Thursday asked banks to inform their customers about fall in minimum balance well in advance and said that penal charges should be levied only to the extent of shortfall in suc...
Ahead of the monetary policy review, SBI Chairperson Arundhati Bhattacharya on Thursday said RBI may leave interest rate unchanged in the next review but could soften its stance by end of the curr...
More gold import curbs will hurt: jewellers  (20 November 07:47 pm) 
Jewellers and the bullion trade alike are against any new restrictions on gold imports as they feel this would prove detrimental to industry interests and further fuel smuggling of gold into India...
Share swap ratio fixed at 1000 equity shares of Rs. 10 each of ING Vysya Bank for 725 equity shares of Rs. 5 each of Kotak Mahindra Bank.
Tech Mahindra Ltd., India’s fifth largest software services exporter, has announced that it has signed an agreement to acquire US-based Lightbridge Communications Corporation (LCC) for $240
The rupee on Thursday plunged to nine - month low of 62.25 against the dollar but recouped losses to close the day at 61.94 on suspected selling of the US currency by state-run banks on behalf of...
Infosys has sacked its BPO unit CFO Abraham Mathews and will fire some others senior executives for allegedly overcharging Apple Inc for IT support services. While Mr. Mathews, chief financ...
India will have 100 million online shoppers and the country’s e-tailing sector will become a $15 billion market by 2016, a study said on Thursday.The annual online shopping growth report wa...
Volkswagen India has started exporting the new Polo 1.6 Highline to Mexico, a year after entering the Mexican market with shipments of its India-made Vento. The export versions of Vento...
Cipla Europe NV, a fully-owned subsidiary of Indian pharmaceutical major, Cipla, has signed a distribution agreement with Serum Institute of India (SII), a global major in vaccine manufacture. Acc...
Stocks on Thursday rose for the first time in three sessions with benchmark Sensex closing with 35-point gain at 28,067.56 and Nifty reclaiming 8,400-mark powered by a late spurt in bluechips, led...
A U.S. court has denied a request by Indian drugmaker Ranbaxy Laboratories Ltd to stop competitors from launching copies of AstraZeneca Plc\'s heartburn pill Nexium and Roche\'s antiviral Valcyte, a...
Gold prices softened by Rs 20 to Rs 26,780 per ten gram at the bullion market in the national capital on Thursday owing to low demand from jewellers and retailers amid a weak global trend....
Shares of ING Vysya Bank and Kotak Mahindra Bank are witnessing aggressive buying on unconfirmed reports that Kotak Mahindra Bank to acquire ING Vysya Bank and may merge ING with itself. ...
Rupee down 10 paise against dollar  (20 November 10:47 am) 
Continuing its falling streak for the sixth straight day, the rupee depreciated by 11 paise to trade at almost nine-month low of 62.07 against the dollar in early trade on Thursday at the Interban...