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Topics: Business News

Cipla receives a warning letter from USFDA for its Goa manufacturing unit

The US Food and Drug Administration (USFDA) has issued a warning letter to Cipla's Goa manufacturing facility. In a regulatory filing with Stock Exchange, the...

ADB secures Rs 8.5 billion through offshore India rupee-linked bonds

The Philippines-based Asian Development Bank (ADB) on Tuesday said that “It has secured Rs 8.5 billion (approx $118 million), form a new issue of...

Coronavirus Update: Government of Hong Kong to give big cash handouts as economy reels from virus

The Hong Kong government on February 26 said it will give HK$10,000 ($1,280) handout to seven million permanent residents in a bid to jump-start...

Grab is raising $856 million from Mitsubishi UFJ Financial Group, and TIS Inc

Singapore based ride-hailing startup Grab on Tuesday said that “It is raising $706 million from Mitsubishi UFJ Financial Group Inc (MUFG), and $150 million...

Blume Ventures raises $41 million in Fund IIA

One of India's leading Venture Capital, Blume Ventures has announced that it has raised $41 million in Fund IIA. In an official statement, Blume Ventures...
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GAIL to infuse Rs 1.05 lakh crore to create infrastructure for gas-based economy

GAIL India Ltd, the country's largest gas utility, will invest Rs 1.05 lakh crore over the next five years to expand pipelines, lay city...

Reserve Bank may offer Bandhan Bank more time to lower its promoters’ share

The Reserve Bank of India may offer additional time to Bandhan Bank to decrease its promoter shareholding in the bank. According to India's leading newspaper,...

PepsiCo acquires Chinese snack company Be & Cheery for $705 million

American multinational food and beverage maker, Pepsico on Sunday announced that “It has agreed to acquire Chinese snack brand Be & Cheery for $705...

SREI Infra Finance, CEO says, “Sector should raise resources on a sustained basis”

India's leading non-banking finance company, Srei Infrastructure Finance Limited, has said that “The sector which is going through liquidity crisis should be able to...

Biocon receives three observations from USFDA for its Insulin Glargine facility in Malaysia

India's leading biopharma company Biocon on Saturday said that “It has received three observations for its insulin manufacturing facility in Malaysia from the United...
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Report: Flipkart challenges India antitrust probe

Walmart's Flipkart has filed a legal challenge against an antitrust investigation ordered against the company in India, a court filing seen by Reuters showed,...

Report: India to import record high volumes of LNG, as prices hit an all-time low on coronavirus outbreak

India is set to import record volumes of liquefied natural gas (LNG) this month, data shows, taking advantage of the super-chilled fuel's price hitting...

Report: Arnab Goswami holds over 82 percent in Republic TV

Renowned journalist and broadcaster Arnab Goswami owns over 82 per cent stake in Republic TV, his company said on Wednesday, clearing the air around...

RBI approves shareholding dilution plan of Kotak Mahindra Bank’s promoters

The Reserve Bank of India on Tuesday approved the shareholding dilution plan of Kotak Mahindra Bank's promoter. In a filing with the stock exchange, the...

SpiceJet to launch 20 new domestic flights by next month

Private airline carrier SpiceJet has announced that "It is launching 20 new flights on its domestic routes, including some services under the government's regional...
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Coronavirus Effect: Apple sales to fall short, unlikely to meet revenue guidance

Apple Inc warned on Monday it was unlikely to meet its March quarter sales guidance set just three weeks ago as the world’s most...

China to accept tariff exemptions on additional US goods

China said on February 18 that it would accept applications for new tariff exemptions for 696 products imported from the United States including key...

GE partners Vedanta Ltd, will install digital smelter in aluminium plant at Jharsuguda

Vedanta Limited, on Monday, announced that it has partnered with GE, “To install digital smelters in their aluminium plants at Jharsuguda in Odisha.” In a...

JWS Energy to acquire GMR’s 1050 MW thermal power plant for Rs 5,321 crore

JWS Energy has announced its plan to acquire GMR Energy Ltd's 1,050 MW thermal power plant in Odisha for Rs 5,321 crore. In a filing...

Vistara codeshare pact with United Airlines comes into effect from last Friday

India's leading private airline, Air Vistara on Monday said, that “The codeshare agreement between Vistara and United Airlines has come into effect from last...
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Coronavirus Outbreak: Oil prices steady as coronavirus related demand concerns weigh

Oil prices were little changed on Monday as concerns of falling fuel demand caused by the economic fallout from the coronavirus outbreak in China...

US health regulator seeks voluntary action against Dr Reddy’s Duvvada facility

India's leading pharma company Dr Reddy's Laboratories said that “The US health regulator has asked the company to take voluntary action against its Duvvada...

NIIT announces Rs 337 crores buyback share plan

India's leading IT institute, the National Institute of Information Technology (NIIT) on Saturday announced its Rs 337.4 crore buyback plan. In a filing with the...

Portuguese President Marcelo Rebelo says “India-Portugal needs joint-expertise in various areas of the economy.”

Terming India as an "economic and social" global power, Portuguese President Marcelo Rebelo de Sousa on February 15 said the country's priority is to...

CG Power and Industrial Solutions loss doubles to Rs 210.7 in December quarter

India's leading electrical products provider, CG Power and Industrial Solutions Limited, has recorded a consolidated loss of Rs 210.07 crore in the December quarter...
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Trump’s $1.5 billion uranium bailout triggers a rush of mining plans

President Donald Trump's $1.5 billion proposal to prop up the country's nuclear fuel industry has emboldened at least one company to take steps toward...

Wall Street dips as coronavirus dampens optimism

Wall Street edged lower on Friday as uncertainties surrounding the coronavirus epidemic and downbeat economic data put a damper on investor sentiment. While the S&P...

IMF: India needs more ambitious structural and Financial sector reforms

India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels while...

United States grants 45 days extension to Huwaei to continue business with US suppliers

A year after restricting the Chinese technology giant Huawei Technologies from doing business in the country, the United States on Thursday said, “It has...

India to offer 2,400 hectares of Kashmir land in planned business summit

India plans to offer around 6,000 acres (2,400 hectares) of land in Kashmir as part of a business summit planned for April or May...
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