United Parcel Service (UPS) will pay €5.2 billion ($6.85 billion) for Dutch peer TNT Express in a deal making the world’s largest package delivery company the market leader in Europe.
Tata Capital, the non-banking finance arm of Tata Sons, has decided to ramp up its travel business and focus on the retail segment. The company plans to offer a host of services from customised holiday packages for individual customers to group travel arrangements for corporate customers. Mahua Venkatesh reports.
In a major top management rejig, global food and beverage giant PepsiCo may announce some major changes to its senior positions and line up at least three potential successors to its India-born chief Indra Nooyi, a media report has said.
Shapoorji Pallonji group company Eureka Forbes, a long-time market leader in water purifiers, is on the lookout for measures to expand its range.
Rachit Vats reports.
Thirst for growthAnant Goenka, RPG Group chairman Harsh Goenka's 30-year old son, has taken over as the managing director of the group's flagship company Ceat.
HT reports.
Rolling on
Indian companies are lining up robust hiring plans for the next quarter, beginning April 1, making India the most optimistic country in terms of job creation, a survey said today.
The Company Law Board (CLB) today asked real estate firm Unitech to decide by March 19 if it wants to buy its JV partner Telenor's 67% stake in Uninor or sell its 33% stake to the Norwegian telecom firm.
Biocon, India's largest biotechnology company by revenue, and US drug major Pfizer on Tuesday called off their $350- million (Rs 1,750-crore) deal to sell insulin products made by Biocon.
HT reports.
Sweet sorrowBharatiya Kisan Sangh (BKS) on Wednesday alleged that global seeds major Monsanto was secretly running a signature campaign in rural Gujarat, where it is asking farmers to sign a letter to Prime Minister favouring introduction of genetically modified (GM) food crops.
Tata Steel and Wipro have been named among the world's most ethical companies by the American think tank, Ethisphere Institute, company officials said.
Starbucks Corp will open the first store in its new Evolution Fresh juice bar chain on Monday, its biggest move outside coffee and one it hopes will boost the company’s position in the $50 billion health food sector.
Private sector oil company, Essar Oil Ltd (EOL) on Friday announced signing an agreement with Indraprastha Gas Limited (IGL) to put up the latter’s CNG pumping facilities at petrol pumps of EOL in the NCR. With 12 petrol pumps in NCR, EOL has plans to set up 13 more retail outlets.
Reliance India chairman Mukesh Ambani with a net worth of $22.3 billion emerged as the world's richest Indian in the Forbes list of billionaires featuring 48 Indians.
Facebook has secured $8 billion ahead of the social network's eagerly-anticipated initial public offering (IPO), according to documents provided to US regulators.
Citigroup's India-born CEO Vikram Pandit has received nearly $15 million (about Rs. 75 crore) as his compensation for 2011, as he got his first cash bonus in about four years at the global banking giant.