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Thermax acquires all stakes of JV partners in Thermax SPX Energy Technologies

An India-based engineering company Thermax has announced that the company has acquired the complete stake of its joint venture partners in Thermax SPX Energy...

Crude oil falls 0.87 percent amid weakens in overseas trend

Crude oil prices plunged 0.87 percent to Rs 4,435 per barrel on April 11 as speculators reduced bets amid a weakening trend overseas. On...

Amazon Web Services and Microsoft to compete for Pentagon’s 10 billion dollar’s cloud computing services contract

The U.S. Department of Defense on Wednesday said that "As a part of $10 billion worth of cloud computing services as a part of...

Exim Bank extends two line credit worth of $180 Mn for two projects of Ghana

The Exim Bank has extended two lines of credit (LoCs) worth USD 180 million to two projects in Ghana. The bank has given a USD...

“Absolutely not,” says Saudi on changes in oil trading policy in dollars.

Saudi Arabia's Energy Minister Khalid al-Falih said that "there is no change in the Kingdom's long-standing policy." Speaking with the media on Monday, Khalid al-Falih...

To recover Rs 423 crore, SBI invites Express of Interest to sell two dud accounts

SBI has invited expression of interest from asset reconstruction companies and financial institutions to sell two non-performing accounts to recover dues of over Rs...

‘Stupid Trade’ says Donald Trump on 100% tariffs imposed by India on US products

India charges America over 100 percent tariffs on a large number of products while the US imposes nothing on the similar or same items,...

Baring Private Equity Asia bags 30% stake in NIIT technologies

Funds affiliated with Baring Private Equity Asia (BPEA) will buy about 30 percent stake in mid-sized IT services firm NIIT Technologies from NIIT Ltd...

NTPC infuses Rs 2000 crore as short term loan in Canara Bank

One of India's largest state-run power utility company, NTPC on Friday has announced that it has agreed to infuse Rs 2,000 crore in...

Foreign reserve grows to $412 billion from $5.23 billion

The maiden dollar-rupee swap conducted by the central bank last week helped the country's foreign exchange reserves swell by a healthy $5.237 billion to...

LivGuard secures $2.2 billion as a strategic investment from ChrysCapital and Ncubate Capital Partners

India's most substantial automotive battery, inverter battery, and solar maker LivGuard has raised Rs 220 crores (approx $2.2 billion) as a strategic investment from...

Amazon acquires 49 percent shares in Witzig Advisory services

One of the world's largest E-commerce giant, Amazon Inc has acquired the 49% of the shares in Witzig Advisory Services, which also owes 'More...

HCL Technologies completes acquisition of Strong-Bridge Envision

IT major HCL Technologies said on Tuesday that its acquisition of US-based Strong-Bridge Envision has been completed. HCL had recently agreed to acquire the Seattle-based...

Oil jumps Five months high on firmer China data, prospect of fresh supply crubs

Oil prices climbed to nearly five-month highs on Tuesday, supported by firm Chinese economic data that eased demand concerns, the possibility of more sanctions...

China grants financial assistance of $2.2 billion to Pakistan; forex reserve touches $17.8 billion

In an attempt to bail-out its close friend from the bankruptcy and to shore up the foreign reserve of its close ally, China on...

DLF to raise Rs 3,000 crore from QIP, plans to become a debt-free company

With the aim to become the debt-free company, India's largest commercial real estate developer DLF on Monday said that "the company is planning to...

US recession tension mounts, Global stocks dip as investors looks for bonds as safe investments

Investors dumped shares on Monday and fled to the safety of bonds while the Japanese yen hovered near a six-week high as risk assets...

Varun Beverages gets CCI approval to acquire PepsiCo’s franchise rights

One of Pepsico's largest bottling partner in India, Varun Beverages Ltd (VBL) has received a nod from the Competition Commission of India for its...

OLX to focus on expanding its business in India, Monetization after ten-fold

A Naspers group backed online marketplace for pre-owned goods seller OLX has said that "The company will start focussing on monetizing its business in...

China refuses to accept US demands on ease curbs on US tech companies

Ahead of fresh high-level trade talks this week, China is not conceding to US demands to ease curbs on technology companies, the Financial Times...

Prime Minister Narendra Modi and FM Arun Jaitley don’t know anything about Economy says, Subramanian Swamy

BJP MP Subramanian Swamy on March 23 claimed neither Prime Minister Narendra Modi nor Finance Minister Arun Jaitley knew economics, as they dub India...

SBI raised Rs 1,251 crore through Basel III-complaint bonds

One of India's largest public bank, State Bank of India has raised Rs 1,251.30 crore from Basel III-complaint bonds. In a regulatory filing on Friday,...

SEBI exempts the government from issuing an open offer for Union Bank shareholders

Markets regulator SEBI on Friday exempted the central government from making an open offer for the shareholders of Union Bank of India following capital...

Wall Street dips after the global economic slowdown report

Wall Street stocks sold off sharply on Friday, with all three major US stock indexes posting their biggest one-day percentage declines since Jan. 3,...

China helps Pakistan with $2.1 billion loan

Cash-strapped Pakistan will receive over USD 2 billion loan from its "all-weather" ally China by Monday to provide a boost to its ailing economy,...

Declaring Bankrupt is the only option left for Jet Airways, says SBI Chairman

State Bank of India's (SBI) chairman said on Wednesday that putting Jet Airways into bankruptcy is the "last option" and that its lenders are...

Crude oil futures fall on global leads by Rs 3 per barrel

Crude oil futures drifted lower by Rs 3 to Rs 4,099 per barrel on Wednesday as speculators reduced their exposure amid a weak trend...

Xiaomi’s profit tripled to $275 million in Fourth Quarter

Chinese smartphone maker Xiaomi Corp said on March 19 its fourth-quarter net profit more than tripled to 1.85 billion yuan ($275.59 million), on stronger...

Exim Bank grants $83 million in loans to Congo to finance three solar power projects in Central Africa

Exim Bank on March 19 said it has given a loan of $83.11 million to Congo to finance three solar power projects in the...

Azeri Energy Ministry says Keeping Russia and China as main exporter Venezuela has suspended oil export to India

Venezuela has suspended its oil exports to India and views Russia and China as its main export destinations, the Azeri energy ministry said on...

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