- Small savings investment hits a new high to fund power projects
- Parliamentary panel summons top bosses of Facebook, WhatsApp, Instagram
- Reliance Capital invites Nippon Life to buy 43% stake in its MF business
- PTC Financial Services partners UKCI, DFID for India's first green fund
- RBI takes close look at 'standstill agreements', plans to tighten norms
March 21: Snapshots for the day
March 21: Snapshots for the day
Employees of the Tokyo Stock Exchange (TSE) work at the bourse in Tokyo
Billionaire investor Warren Buffett believes Japan's devastating earthquake is the kind of extraordinary event that creates a buying opportunity for shares in Japanese companies.
Japan, the world's third-largest economy, has been battling to bring an overheating nuclear plant under control after it was battered by the March 11 earthquake and tsunami that rattled global markets and prompted massive intervention in currency markets by the Group of Seven industrial nations.
Facebook CEO Mark Zuckerberg walks through Facebook headquarters California
Facebook has agreed to buy Snaptu, an application developer for mobile devices that are less sophisticated than smartphones, as the world's largest Internet social network focuses on expanding its mobile services.
Facebook will pay up to $70 million for the London-based Snaptu, according to the Israeli newspapers Calcalist and The Marker.
Snaptu confirmed the deal, which is expected to close in a few weeks, on its website on Sunday.
A woman walks past the Essar headquarters building in Mumbai
London-listed Essar Energy today said it expects to sign by month-end a deal to acquire Royal Dutch Shell's Stanlow refinery in northwest England for $350 million.
The company, announcing financial results for 2010 full year, in a press statement, said it is "expecting to sign deal to acquire Stanlow, the UK's second biggest refinery, from Shell over the next 10 days, by March 31."
"Acquisition price will be $350 million plus inventory at cost price," Essar said.
Rebel fighters gesture in front of burning vehicles belonging to forces loyal to Libyan leader Muammar Gaddafi after an air strike by coalition forces along a road between Benghazi and Ajdabiyah
Political unrest plaguing West Asia and North Africa (MENA) region will delay planned deals with activity seen flat versus last year, Standard Chartered's regional heads for mergers and acquisitions (M&A) said.
Apoorva Shah and Ralf Pilarczyk, M&A managing directors for the MENA region, said the current unrest has quelled appetite for activity and more deals may be delayed despite the region offering immense potential over the long-term.
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