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Latest News:

unileverlogo

Unilever shares slide as Kraft Heinz withdraws $143-bn bid

NEW YORK:  Shares of Unilever, the owner of brands like Hellman’s, Lipton, and Knorr, were down sharply after rival Kraft Heinz withdrew a $143-billion takeover offer.

The companies had said on Sunday in a joint press release that Kraft Heinz has ... Read More

Nomura

Demonetisation effect to spill over into Januanry-March quarter: Nomura

New Delhi: India's growth momentum witnessed a recovery in January but it is not broad-based and overall economic activity remains below pre-demonetisation levels, says a Nomura report.

The slowdown that started in the October-December quarter of 201... Read More

keki mistry ,indian economy

HDFC Life, Max Life merger a structural change: Keki Mistry

Mumbai: Mortgage lender HDFC today said it has informed insurance regulator IRDAI that the proposed merger of Max Life Insurance Company with HDFC Life is structural in nature.

IRDAI had expressed reservations about the deal structure in the proposed... Read More

Railway tracks

Niti Ayog wants Railways to build a railway line in every district of India

New Delhi: Government think-tank Niti Aayog wants the Railways to prepare a plan similar to Pradhan Mantri Gramin Sadak Yojana (PMGSY) and National Highways Development Programme (NHDP) to link districts which are not on rail map... Read More

Kotak Life Insurance

Kotak Life Insurance Launches Kotak Premier Income Plan

Mumbai: Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance), today announced the launch of Kotak Premier Income Plan (KPIP)... Read More

tcs, Tata Consultancy Services

TCS board approves buyback of upto 5.6 crore equity shares

Mumbai: The Tata Consultancy Services (TCS) board today announced buyback of upto 5.6 crore equity shares of the company for an aggregate amount not exceeding Rs 16,000 crore.

The price has been set at Rs 2,850 per share.

“The buyback is proposed to ... Read More

unitech-india, promoter share, decrease

Unitech asked to pay 14% interest on refund to buyers in Gurgaon project

New Delhi: The Supreme Court on Monday asked real estate major Unitech to pay interest to 39 flat buyers who chose to withdraw after the builder's failure to deliver flats as promised.

The matter concerns the owners who booked flats in Unitech's Vist... Read More

amazon-logo-india

Amazon plans 5,000 new jobs in UK

London: Online retail giant Amazon has said it will create 5,000 new full-time jobs in the UK this year, the media reported on Monday.

The firm said it was looking for a range of staff, including software developers and warehouse staff, reports the B... Read More

Uniliever

Unilever shares tumble 8% after Kraft ditches bid

London: Shares in Anglo-Dutch consumer goods group Unilever dropped 8 percent on Monday after U.S. rival Kraft Heinz Co abruptly ditched its surprise $143 billion merger proposal.

Backed by Warren Buffett and the private equity firm 3G, Kraft had wan... Read More

The logo of India's largest online marketplace Flipkart is seen on a building in Bengaluru

Microsoft-Flikpkart announce strategic tie-up

Bengaluru: IT giant Microsoft today announced a "strategic partnership" with Flipkart, wherein as a first step, the online retailer will adopt Microsoft Azure as its exclusive public cloud platform.

The strategic partnership was aimed at providing co... Read More

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