Railway tickets can now be bought from certain shops and establishments, with Indian Railways signing a memorandum of understanding (MoU) with the ICICI Bank here Thursday for extending the sale of e-tickets through merchant establishments located... More

The Supreme Court Thursday refused to stay the Kerala High Court judgement quashing a ban imposed on the sale of Coca Cola in the State. A bench of Justice A.R. Lakshmanan and Justice Altamas Kabir, however, issued notice to Coca Cola and Pepsi... More

Vodafone chief executive Arun Sarin Wednesday said the firm will invest $2 billion within two years in the Hutch-Essar mobile telecom venture to tap the rural market even as he hoped that the Ruias will stay invested in it. "The money will be... More

India's leading vehicle maker Tata Motors Wednesday said it had formed a joint venture with Italy's Fiat to make pick-up trucks in Argentina with an investment of about $80 million. The automobile majors, who formed a joint venture last July,... More

German stock market operator Deutsche Boerse Wednesday picked up a 5 percent stake in the Bombay Stock Exchange for $42.7 million (Rs.1.89 billion). Announcing the agreement, BSE managing director and CEO Rajnikant Patel told reporters here that... More

Global money transfer service provider Western Union Wednesday announced that Reliance Capital Ltd, the Anil Dhirubhai Ambani Group financial services firm, has become one of its principal agents in India. This development came after Reliance... More

Concerned over the accelerating inflation and to weed out liquidity from the Indian banking system, the Reserve Bank of India (RBI) Tuesday hiked the cash reserve ration (CRR) rates by 0.5 percent in two stages. This is the second time in the... More

Orkla SA, the leading Norewegian branded food major, acquired the Bangalore-based MTR Foods Ltd for $80 million (Rs.3.52 billion) in an all-cash deal, a top MTR official said Tuesday here. The deal, signed Feb 9 in Singapore by MTR Foods chairman... More

Onion prices in retail has crossed Rs.24 per kg in the national capital, bringing back memories of the 1998 crisis when the item, indispensable in many kitchens, soared past the Rs.40-per-kg mark. The rise in prices has been attributed to factors... More

India proposes to draft clear guidelines and even come out with a new law to ensure that its national security concerns are adequately addressed while welcoming foreign direct investment (FDI) into the country, according to top officials. A... More