Citigroup Inc said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to "rapidly evolving regulatory inquiries," while also disclosing that it was subject to foreign exchange market probes.
In May, the share price of Hotel Leelaventure, the luxury hotel company, crashed 15 per cent in just four trading sessions at the Bombay Stock Exchange.
Roti, kapda aur makaan (food, clothing and shelter) may be the modest ambition of Indians, but the founders of Ola (formerly OlaCabs), Bhavish Aggarwal (29) and Ankit Bhati (28), believe that transport should be added to that list now.
A friend who is a senior executive in a leading logistics business has been patiently waiting for the promoter to let go of their business.
There's a spectrum crisis looming over the telecom industry. Spectrum for 18 of India's 22 telecom circles, allocated in 1995, will expire next year.
Sworn communists engaged in the very capitalistic act of advertising. Those who witnessed the advertising scene in Calcutta (now Kolkata) in the 1970s would not be surprised by it.
Harley-Davidson, the luxury cruiser motorcycle manufacturer launched three new bikes on Thursday, bringing its country-wide offering in line with its other overseas markets.
Samsung Electronics looks stuck in a dynastic value trap. After a miserable year, the South Korean conglomerate's shares are trading at a rock-bottom earnings multiple.
Ferrari's spin-off looks great but lacks oomph. Fiat Chrysler Automobile wants to sell 10 per cent of the hottest name in sports cars to new investors and hand its remaining 80 per cent stake to shareholders.
Inthree, an impact venture that helps the Indian hinterland access products and services, by leveraging its rural distribution network and expertise in project management in rural areas has attracted investment from the Indian Angel Network.
State-owned GAIL's drastic cut in natural gas supplies to small industries in South Gujarat has led to few gas units like Piramal Glass shutting down part of their operations.
Underrecoveries of oil marketing companies (OMCs) on subsidised sale of diesel, liquefied petroleum gas (LPG) and kerosene declined 16 per cent in the first half of the current financial year.
Bharti Airtel, the country’s largest mobile operator, reported a 170.2 per cent jump in net income during the July-September quarter to Rs 1,383 crore.
The Bosch Group, the biggest global suplier of automobile components, has been facing labour unrest in India and wants the relevant laws changed. Volkmar Denner, chairman of the board of management, explains concerns to Mahesh Kulkarni.
Cash-rich Bharti Infratel is looking at the option of taking over the telecom towers of Vodafone and Idea Cellular in India at a valuation of Rs 5,000 crore.
The country’s largest car maker, Maruti Suzuki India Limited (MSIL), on Thursday reported 29 per cent increase in the net profit to Rs 862 crore for the second quarter ended September, on the back of cost reduction efforts and strong growth in
The backdrop for the Coal Mines (Nationalisation) Act (CMNA) of 1973, leading to the formation of Coal India (CIL) in 1975, was sluggish annual growth of two per cent, lack of private investments and mismanagement by private parties.
A day after American e-commerce giant Amazon expressed concern over "substantial uncertainties" in interpretation of Indian laws in a regulatory filing to the US Securities & Exchange Commission, Kishore Biyani, Chief executive officer (CEO)
Prannoy Roy-promoted media company NDTV has filed a fresh application in an on-going contempt proceeding against Quantum Securities Ltd (QSL), a minority shareholder, in the Bombay High Court, after Quantum ran a newspaper advertisement accusing it of not
The seven-year-old tax dispute between India and Vodafone is unlikely to be resolved anytime soon as another deadline for appointing a third arbitrator in the international arbitration case has been missed and the two sides have not fixed a new date to