An Italian court on Wednesday sentenced fashion designers Domenico Dolce and Stefano Gabbana to a 20-month suspended prison sentence for tax evasion of 200 million euros (around
Rs. 1,580 crore).
Billionaire investor Carl Icahn promised Dell Inc shareholders that the company would buy back up to $16 billion of stock if they join his campaign to stop the computer maker from going private.
Coca Cola today announced major organisational changes, elevating India and West Asia CEO and president, Atul Singh as deputy president of the company's Pacific Group with effect from July 1.
Reliance Industries Ltd's (RIL) chairman Mukesh Ambani is powering up to meet his ambitious
Rs. 150,000-crore investment plan touching various sectors.
Anupama Airy reports.
RIL and its hunger for powerBharti Airtel will invest $125 million more in Gabon to develop the communications network in the central African country.
Big accountancy Deloitte was fined $10 million by New York state on Tuesday for its actions in advising Standard Chartered Bank over money laundering.
US-based drug maker AbbVie Inc, the spun-off entity of Abbott, has dragged Dr Reddy's Lab to court for allegedly infringing the former's patented drug Zemplar on six counts concerning three patents.
Speculation is rife that the reign of SD Shibulal as chief executive officer and managing director of Infosys may draw to a close this year, much before his term ends in 2015.
Vivek Sinha reports.
Country's largest software servicesfirm Tata Consultancy Services on Tuesday said it has joined US2020 as a founding leadership partner.
JP Morgan downgrades Maruti Suzuki India Ltd to "underweight" from "neutral" and cut its target price to 1,510 rupees from 1,750 rupees, citing muted passenger car demand in India and increasing competition in higher value segments.
Foreign banks are fuelling India’s recent burst of overseas takeover bids, offering cheap US dollar loans to Indian corporates expanding beyond their home states.
A day after Ratan Tata was named the chief adviser to the board of AirAsia India, S Ramadorai was named as the chairman of the proposed passenger airline that would be based out of Chennai.
Consumer durables major LG Electronics India today said it will hike prices of its entire range of home appliances by up to five% due to weakening rupee with effect from tomorrow.
The Tata Group has suffered an erosion of over R25,000 crore in its market valuation within a week, as shares of its companies lost ground amid a sharp sell off.
Ratan Tata will be the chief advisor to the board of AirAsia India, the joint venture between the Tata Group, Malaysian low-cost carrier AirAsia and Arun Bhatia, a close relative of steel magnate Lakshmi Mittal. HT reports.