Private equity giant TPG Capital and rival Blackstone Group are competing for a large stake in Jet Airways' loyalty programme, Mint reports citing people in the know. The cash-strapped carrier has appointed Morgan Stanley to advise on a...

TVS Logistics, India’s largest logistics services provider, is in talks with smaller rival GatiNSE 10.10 % to buy a controlling stake for about Rs 1,500 crore, signaling bigger investments, in an industry benefiting from a surge in ecommerce a

Billionaire Kumar Mangalam Birla’s Hindalco Industries Ltd has agreed to buy US aluminium sheet maker Aleris Corp. at an enterprise value of $2.58 billion to create the world’s second-largest aluminium maker. The acquisition will help Hindalco

The biggest advantage of having a multi-year insurance policy is the convenience of not having to renew the policy every year. But it is a bit challenging to arrive at the right pricing in a multi-year scenario While insurance companies have b

About 74 percent automated teller machines (ATMs) of public sector banks are running on outdated software - which makes these machines highly vulnerable to frauds. The revelation came in response to a question in the Parliament on whether the

Telecom subscribers may get respite from unwanted calls and text messages in the next few months with the regulator tightening rules and setting stiff penalties of between Rs 1,000 and Rs 50 lakh per violation in a month on telcos that don’t c

Back in February 2015, Infosys Ltd’s then chief executive Vishal Sikka hailed the firm’s $220 million (₹1,398 crore) purchase of Panaya, calling the Israeli firm’s offerings “an awesome piece of technology.” A little over three years...

Jeff Bezos keeps shattering wealth records – first the richest man in the world. Then the richest man of our time. And now, the richest man in recent history – adjusted for inflation. According to the Bloomberg Billionaires Index, Bezos’...