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Could lose title to 1cr shares of USL worth Rs 3K cr: Diageo

Last Updated: Sunday, September 13, 2015, 12:45

Diageo had purchased the shares amounting to 6.98 per cent stake in USL from UBHL as part the USD 3 billion deal in 2012 through which it had gained majority control in the Indian spirits maker.

Fiat Chrysler recalls 1.7 mn vehicles, mostly in US

Last Updated: Thursday, September 10, 2015, 19:11

Fiat Chrysler`s US arm announced Thursday the recall of more than 1.7 million cars and trucks on Thursday for problems including air bag risks, bad welds and electrical wiring risks.

US jobless claims fall, point to firming labor market

Last Updated: Thursday, September 10, 2015, 18:46

The number of Americans filing new applications for unemployment benefits fell last week, suggesting a moderation in job growth in August was an aberration.

Indian CEOs delegation on US visit ahead of strategic dialogue

Last Updated: Tuesday, September 8, 2015, 23:08

Ahead of the US-India strategic dialogue, a CII delegation comprising CEOs is on a visit to the US to hold consultations and highlight the "tremendous potential" for engagement between the two nations.

Rupee tumbles to fresh 2-year low of 66.82 against US dollar

Last Updated: Monday, September 7, 2015, 19:40

The rupee plunged by 36 paise to close at 2-year low of 66.82 against the American currency today on persistent dollar demand from banks and importers due to sustained foreign capital outflows amidst sharp fall in equity markets.

Diageo may not be able to recover $135mn loan from Vijay Mallya firm

Last Updated: Sunday, September 6, 2015, 12:29

The company said the underlying security held by Standard Chartered includes shares in United Breweries Ltd (UBL) and Watson's interest in a venture that owns the Force India Formula One (F1) team.

Cipla to buy two US generic drug firms for $550 million

Last Updated: Friday, September 4, 2015, 10:53

Cipla Ltd said on Friday it has agreed to buy two generics businesses in the United States in an all-cash deals worth $550 million, as part of an effort to boost its presence in the world`s largest generics market.

Rupee gains 14 paise to 66.10 against dollar in early trade

Last Updated: Friday, September 4, 2015, 10:43

The rupee strengthened by 14 paise to 66.10 against the dollar in early trade on fresh selling of the US currency by exporters and banks.

US trade deficit drops to $41.9 billion in July

Last Updated: Thursday, September 3, 2015, 21:33

The US trade deficit fell in July to the lowest level in five months as exports posted a small gain while imports declined, reflecting a big drop in shipments of consumer goods such as cell phones.

US economy continues to expand: Fed survey

Last Updated: Thursday, September 3, 2015, 19:22

The US economic activities continued to expand across most surveyed regions and sectors during the period from July to mid-August, according to a survey by the Federal Reserve.

US trade gap narrows in July

Last Updated: Thursday, September 3, 2015, 19:02

The US trade deficit narrowed in July as exports increased and imports fell sharply, led by a decline in consumer goods, the Commerce Department reported Thursday.

After HCL-Manchester United deal, Wipro signs a deal with Chelsea FC

Last Updated: Thursday, September 3, 2015, 18:31

A day after HCL Technologies signed a deal with Manchester United, India's leading IT service provider Wipro Ltd on Thursday signed a deal with another Premier League club Chelsea FC for digital media strategy.