Charter Communications will spend $55.33 billion to acquire Time Warner Cable in a cash-and-stock deal that would instantly create one of the largest TV and Internet providers in the US.
The benchmark BSE Sensex on Tuesday declined by another 112 points to close at over one-week low of 27,531.41 due to continued selling in heavyweights such as ITC, Tata Motors and Vedanta on muted earnings amid weakening rupee.
Online retailer Amazon said it has started declaring sales made in major European markets in the respective countries instead of Luxembourg. This means, it will pay taxes on the sales in the nations itself, instead of paying them for all in Luxembourg.
The rupee depreciated 11 paise to 63.68 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange market as the American currency firmed up overseas.
Samsung Group announced today the merger of two major affiliates, as the South Korean business giant accelerates restructuring efforts ahead of a generational power transfer within the founding Lee family.
While the company has officially maintained that no decision has yet been taken on the long-planned initial public offer (IPO), investment banking sources have indicated that Vodafone is examining the proposal for a $3-4 billion float by fourth quarter (January to March) of 2015-16.
Chinese e-commerce giant Alibaba is working with 17 shoe manufacturers here to cultivate home-grown brands online after being criticised and even sued by luxury brand Gucci for facilitating the fake-goods trade.
Russia will soon get to taste Indian cheese.
As the Modi government completed its first year on Monday, the stock market wealth has grown by over Rs 10 lakh crore in this period with conglomerates like Tatas, Adani, Bharti, HDFC and Sun Groups clocking huge gains.
The Foreign Investment Promotion Board (FIPB) on Monday gave its nod to the Rs 33.55 crore 51:49 joint venture proposal, which will effectively end the current arrangement of the Dutch pen-maker with its only distributor in India, former cricketer Dilip Doshi.
Industrialists Ratan Tata and Naushad Forbes are among those being considered for the the next chairperson of IIT-Bombay
Finance Minister Arun Jaitley on Monday hinted at coming out with more steps on squeezing black money but assured honest taxpayers that they need not fear the new law to unearth unaccounted wealth stashed abroad.
Country's largest private lender ICICI Bank today said it has launched a service where customers can make transactions using just their voice, without using other means of authentication like a password.
The benchmark BSE Sensex plunged over 313 points Monday to settle at 27,643.88 and the Nifty dived below the crucial 8,400 mark due to widespread profit-booking after recent gains amid lower-than-expected earnings numbers from ITC.
Snapping its two-day rising streak, the rupee on Monday slipped by 5 paise to close at 63.57 per dollar on fresh demand for the American currency from banks and importers amid sharp fall in the domestic equity market.