Toshiba Corp may need to mark down past earnings by over 100 billion yen ($814 million), more than double earlier estimates, after an ongoing investigation into past accounting practices found more irregularities, a source familiar with the matter said on
Brazil's antitrust body announced a probe into alleged foreign exchange market rigging by 15 banks including Citigroup and HSBC, accused of colluding to form a secret cartel.
Finally, there’s some good news for India Inc and the National Democratic Alliance (NDA) government.
Airbus and Mahindra Group have teamed up to manufacture and supply helicopters for the Indian armed forces. The joint venture will bid for 100 naval utility helicopters and other procurement projects.
Lanco Infratech, an Indian electricity producer, is considering selling part of its generation business to cut debt amid four straight years of losses.
At a time when most retailers and brands are witnessing single-digit sales growth, Raheja-owned department store chain, Shoppers Stop, has seen over 10 per cent like-to-like growth in the June quarter of the financial year, its managing director said on
Videocon Industries, maker of consumer electronics with ambitions to become a major energy producer, plans to invest as much as $2.5 billion over three years in Brazilian oilfields, company chairman Venugopal Dhoot said.
Air India and GoAir have come under the scanner of aviation regulator Directorate General of Civil Aviation (DGCA), for allegedly violating safety norms while operating flights to Leh recently.
Housing finance companies are planning to raise funds through the external commercial borrowing (ECB) route to diversify their funding requirements.
After attaching 1,280 acres of Zoom Developers' land in California, the Indore unit of Enforcement Directorate (ED) may crack down on more properties the company might have in India and abroad, sources said.
Singapore-based DBS Bank has posted a loss of Rs 275 crore in FY15. This is the first time the bank has incurred a loss in its India business since it set up its first branch in India in 1995.This loss on the book was mainly on account of a clean-up of
The pay package of soon-to-be banker Rajiv Lall, executive chairman of infrastructure finance company IDFC, declined by 26 per cent in the last financial year.
The Insurance Regulatory and Development Authority of India (Irdai) has, in its new draft on investments, said the equity investments in CNX 200 or BSE 200 can only be considered as approved investments.
The government may come up with a policy to offer financial incentives for discarding old cars, Road Transport Minister Nitin Gadkari said today.
State-run telecom firm MTNL today said there are no plans to delist the company from the stock exchanges.
The Insurance Regulatory and Development Authority of India (Irdai) is constituting two groups, one in life insurance and one in general insurance, to explore opportunities in the e-commerce sector.
Nestlé India is preparing to resume exporting Maggi noodles. It is aligning export logistics after the Bombay High Court on June 30 allowed it to sell the instant noodles abroad.
The Foreign Investment Promotion Board (FIPB) on Friday cleared Kotak Mahindra Bank's proposal to raise foreign investment limit in the lender to 55 per cent.
Swedish luxury car maker Volvo, which competes with German brands BMW, Mercedes-Benz and Audi in India, eyes a market share of 10 per cent in the luxury car segment in the country by 2020. Towards this goal, the company plans to add four new models and