BUSINESS

In a major acquisition deal in the non-banking financial services space, global private investment firm Bain Capital will buy a majority controlling stake in Kerala-based Manappuram Finance Ltd through a combination of preferential allotment of equity and warrants and open...

Defence Minister Rajnath Singh has given an approval to guidelines for reducing the timelines at various stages of the capital acquisition process to make it faster, more effective and efficient. The Minister’s nod came at a meeting of the Defence...

Digital payments major PayU has acquired a strategic stake in payments infrastructure company Mindgate Solutions. The company has acquired a 43.5 percent stake, while the majority ownership will remain with the company’s founders.Sources closed to the development have pegged the...

Share prices of Bharti Airtel Ltd, Titan Company Ltd., Tata Consultancy Services Ltd., Hindustan Unilever Ltd., and Infosys Ltd. emerged as the top gainers on Thursday.Among the laggards were shares of UltraTech Cement Ltd., Bajaj Finance Ltd., and IndusInd Bank...

The markets have been on a massive roller-coaster ride for a few months now, largely due to global uncertainties. And just as they rejoice over positive news, they spiral downward “when news of inexplicable and uncertainties take prominence,” explains Akshay...

India Meteorological Department (IMD) has ruled out the possibility of a heat wave at any part of the country during next five days as weather-friendly cyclonic circulations and troughs aligned suitably across vulnerable regions over North-West India, Central India, and...

Air India is exploring a fresh multi-billion dollar order for dozens of widebody jets from Boeing and Airbus, industry sources said, furthering the former state carrier’s transformation under new owner Tata Group.The deliberations involve 30 to 40 aircraft split between...

RateGain Travel Technologies Limited announced today the appointment of Anurag Jain as Executive Vice President for the Asia Pacific, Middle East, and Africa (APMEA) region. In this role, Jain will lead the company’s growth initiatives and expansion efforts throughout these...

Two teams of officials from the Bureau of Indian Standards (BIS), Chennai Branch Office, conducted an Enforcement Search and Seizure Raid operation on March 19 at warehouses of leading e-commerce giants Amazon and Flipkart. During the raids, non-certified insulated flasks,...