GE forms digital unit, says energy management head to retire

Last Updated: Tuesday, September 15, 2015, 08:50

GE, which under Chief Executive Jeff Immelt has made a big bet on marrying software and analytics with its industrial products, will bring all of the digital capabilities from across the company into one organisation, it said.

Novartis India gets FIPB nod to sell OTC biz to GSK CPL

Last Updated: Friday, August 28, 2015, 19:32

The Foreign Investment Promotion Board (FIPB) has approved the proposal made by GSK CPL to acquire the company's OTC division, Novartis India said in a BSE filing.

Tubacex acquires majority of Prakash Steelage's tube division

Last Updated: Monday, July 27, 2015, 21:51

Prakash Steelage on Monday said the Spanish stainless steel maker Tubacex completed acquisition of a majority 67.5 percent stake in its seamless stainless steel tube division for over Rs 209 crore.

Deutsche Bank co-CEOs have offered to resign: Source

Last Updated: Sunday, June 7, 2015, 19:15

Deutsche Bank declined to comment on the resignation offers. Jain did not respond to a message left on his phone. Supervisory board chairman Paul Achleitner could not be reached for comment.

Titan appoints S Ravi Kant as new CEO of watches division

Last Updated: Saturday, May 9, 2015, 19:25

S Ravi Kant will take over as the CEO from July 1, 2015.

ITC in talks to buy Century's paper business: Sources

Last Updated: Wednesday, April 22, 2015, 11:03

ITC Ltd, India`s largest cigarette maker, is in talks with Century Textile and Industries Ltd to buy its paper division in a bid to diversify revenue to non-tobacco businesses, said two sources directly involved in the deal.

Antitrust lawyers against Comcast-Time Warner deal: Report

Last Updated: Saturday, April 18, 2015, 01:27

Staff attorneys at the Justice Department`s antitrust division are nearing a recommendation to block the proposed $45 billion (30 billion pound) merger of Comcast Corp and Time Warner Cable Inc , Bloomberg reported, citing people familiar with the matter.

Alibaba tabs Jeff Zhang to oversee consolidated retail division

Last Updated: Tuesday, March 10, 2015, 05:15

Alibaba Group Holding Ltd appointed Jeff Zhang to oversee its main services on Monday, bringing Taobao, Tmall and Juhuasuan into a newly created "China Retail Marketplaces" division.

Novartis okays OTC unit sale to GSK Consumer for Rs 109.7-cr

Last Updated: Tuesday, January 13, 2015, 19:15

Novartis India's board on Tuesday approved the sale of its OTC division to GlaxoSmithKline Consumer Pvt Ltd, a consumer healthcare joint venture between Novartis AG and GSK, for a consideration of Rs 109.7 crore.

VW's Audi to step up investments in 2015-19 on models, plants

Last Updated: Saturday, December 27, 2014, 16:05

Volkswagen`s flagship Audi division is to increase spending on new models, plants and technology through 2019 to push its goal of surpassing German rival BMW as the world`s largest luxury-car manufacturer.

Lenovo nears $3 bn deal to buy Google's handset unit: Sources

Last Updated: Thursday, January 30, 2014, 04:53

Lenovo is in the final stages of talks to buy the Google division that includes smartphones Moto X and Moto G as well as certain patents, and an announcement could come as soon as Wednesday, the people said.

Andhra assembly given seven more days to debate Telangana bill

Last Updated: Thursday, January 23, 2014, 18:32

Andhra Pradesh assembly was Thursday given seven more days, till Jan 30, by President Pranab Mukherjee to discuss and debate the draft Telangana bill.