Archive for Business
L&T Finance Shares Soar on Stake-Sale Buzz
L&T Finance shares jumped as much as per cent on Tuesday after The Economic Times reported that private equity fund Warburg Pincus is in talks to buy 25 per cent…
Rupee extends gains, up 8 paise against dollar
MUMBAI: Rising for the sixth straight day, the rupee strengthened by 8 paise to against the dollar in early trade on Tuesday at Interbank Foreign Exchange on sustained selling of…
Uber chooses Hyderabad as India hub, to invest $50 million over 5 years
NEW DELHI: Online taxi-hailing company Uber has committed $50 million (Rs 317 crore) over 5 years for a centre it is establishing in Hyderabad to train its drivers and customer…
Maruti Suzuki putting money on Nexa to tap premium buyers
Nashik/New Delhi: Sometime in October 2012, the management of India’s largest car maker, Maruti Suzuki India Ltd, sat down to devise a strategy to tap customers who were graduating to…
RIL chairman Mukesh Ambani gets 205 times company’s median salary
Mukesh Ambani, the richest Indian and Reliance Industries (RIL) chairman and MD, has not taken a pay hike for seven years, but his pay package is over 205 times that…
Airbus, Mahindra JV to Make Helicopters in India
New Delhi: European major Airbus has teamed up with diversified Mahindra Group to establish a joint venture for manufacturing helicopters for the Indian Armed Forces. The joint venture between Airbus…
Airbus to build military choppers in India with Mahindra
NEW DELHI: Europe's Airbus Group and India's Mahindra Group have struck a deal to build helicopters jointly as they bid to win an expected wave of orders from the country's…
Snapdeal Hires Former Procter & Gamble Executive as SVP Corporate Finance
New Delhi: E-commerce firm Snapdeal on Thursday announced appointment of former P&G executive Amit Choudhary as Senior Vice President (SVP) Corporate Finance. At Procter & Gamble (P&G), Mr Choudhary served…
Facebook to share ad revenue with video creators
Facebook Inc. FB, + users watch videos four billion times a day across the social network. Now, Facebook is getting serious about making money from that vast audience. Facebook said…
Facebook to give video advertisers first nine seconds free
Facebook is giving advertisers the option to pay for video ads only if users view them for at least 10 seconds, as the social media company faces pressure over how…
Diamonds, fashion, e-tail and taxis: Now, Ratan Tata invests in Ola Cabs
Ratan Tata, chairman emeritus of India's Tata conglomerate, has now bought stake in online taxi-hailing firm Ola, marking his 10th investment in the last one year. Tata, a respected business…
HSBC manufacturing PMI shrinks in June, job strain stays
India's manufacturing sector eased in June due to weak growth in new business inflows as companies took a cautious line on hiring, an HSBC survey said on Wednesday. The HSBC…