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Nikkei's FT buy follows years of attempting to break into English news

Last Updated: Friday, July 24, 2015, 12:38

The Nikkei also had a years-long alliance with Wall Street Journal publisher Dow Jones, which came to an end in the last decade.

Japan's Nikkei buys Financial Times from Pearson in $1.3 billion deal

Last Updated: Thursday, July 23, 2015, 20:48

Japanese media group Nikkei on Thursday agreed to buy the Financial Times from Britain`s Pearson in a $1.3 billion deal that brings together two leading financial news organisations from Europe and Asia.

Pearson to sell Financial Times to global media company: Source

Last Updated: Thursday, July 23, 2015, 18:04

British publisher Pearson has decided to sell the Financial Times to a "global, digital news company" after owning the business newspaper for nearly 60 years, a person familiar with the deal said on Thursday.

Jefferies maintains buy call on Sun Pharma despite adverse guidance

Last Updated: Tuesday, July 21, 2015, 19:11

International brokerage house Jefferies said it is positive about Sun Pharma's strong key fundamentals, though its stock plunged 15 percent Tuesday, a day after the company warned of a deeper cut in bottomline and topline this year due to ongoing integration with Ranbaxy.

IMF names White House official as chief economist

Last Updated: Monday, July 20, 2015, 21:12

The International Monetary Fund named Maurice Obstfeld, one of US President Barack Obama`s top economic advisers, as its new chief economist on Monday.

White House calls on Greece, EU to find compromise

Last Updated: Tuesday, July 7, 2015, 06:41

The White House urged Greece and EU leaders Monday to find a compromise to keep the cash-strapped country in the eurozone, after Greeks voted resoundingly to reject an austerity-based bailout.

Only 30% people have insured their homes in India: Survey

Last Updated: Wednesday, June 17, 2015, 18:11

Most people in the country prefer not to spend on a home insurance policy despite awareness on the need for the cover, a Bajaj Allianz General Insurance survey said.

Scentra to open brick and mortar stores; enter new categories

Last Updated: Sunday, June 14, 2015, 11:41

Scentra House will come up in Delhi, Pune, Chandigarh and Mumbai. Scentra is also looking at selling shoes through multi-brand distribution channel by next fiscal.

Oppenheimer hikes stake in DLF to 5.12%

Last Updated: Thursday, June 11, 2015, 21:03

In a filing to the BSE, DLF said that OppenheimerFunds, registered as an FII in India, bought 23,51,514 shares, representing 0.13 per cent stake, from open market on May 6.

Sahara seals Rs 5,500-cr debt deal for foreign hotels: Report

Last Updated: Monday, June 8, 2015, 14:08

In a major deal for Saharas, billionaire brothers David and Simon Reuben have acquired control of the crisis-hit Indian group's iconic Grosvenor House hotel here and the two US properties -- Plaza and Dream Downtown -- in a USD 850 million (Rs 5,500 crore) debt refinance deal, a media report said .

US lawmaker blames China for cyber attack against US government

Last Updated: Sunday, June 7, 2015, 23:19

"It was not done to steal credit card information," he added. "It qualifies as espionage, and it raises all sorts of issues that we need to deal with."

Sahara says avoids forced sale of Grosvenor House

Last Updated: Sunday, June 7, 2015, 20:53

"The deal restores Sahara`s ability to renegotiate the loan terms with the new lender, or with third parties," it said.