Top headlines: Tatas to buy 68% in BigBasket, India Inc profit at new high

Cairn Energy has filed a case in a US district court to enforce a $1.2 billion arbitration award it won in a tax dispute against India, a co­urt document showed. Read top news with Business Standard

Tatas to buy 68% in BigBasket for Rs 9,500 cr, deal likely in 4-5 weeks

The Tata Group is in the final stages of acquiring a majority stake of 68 per cent in Supermarket Grocery Supplies, which runs and operates online grocery brand BigBasket, for about Rs 9,300-9,500 crore, said a source close to the development. The deal — biggest in the online grocery space so far—values BigBasket at Rs 13,500 crore (around $1.85 billion). Read more

Sparkling Q3: India Inc's net profit at new high amid lower operating costs

India Inc’s quarterly net profit reached