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IL&FS gets approval for sale of wind projects to Orix Corp

Cash strapped Infrastructure Leasing and Financial Services (IL&FS) on Monday said it has received approval from NCLAT appointed retired Justice D.K. Jain for the...
International Business

AB InBev sells Australian assets including Foster’s

The world's leading brewer Anheuser-Busch InBev said Friday it is selling its assets in Australia - including the Foster's beer brand - to pay...
International Business

PepsiCo buys Pioneer Foods in Africa push

US beverage and food giant PepsiCo has agreed to buy South Africa's Pioneer Foods for about 24.4 billion rand (£1.4 billion), a company executive said...
Business

Mukesh Ambani keeps salary capped at Rs 15 cr for 11th yr in a row

Richest Indian Mukesh Ambani has kept his annual salary from his flagship firm Reliance Industries capped at Rs 15 crore for the eleventh year...
Business

IL&FS case: NCLT allows govt to prosecute auditors Deloitte, BSR

The NCLT has given a go-ahead to government to prosecute Deloitte and BSR Associates for their failure to detect and report the scams that...
Business

EU clears Vodafone’s $22 billion Liberty deal

Brussels gave its blessing to Vodafone's $22 billion (£17.62 billion) purchase of Liberty Global's cable networks in Germany and central Europe, clearing the way for the...
Business

G7 urges tough Libra regulation, agrees to tax digital giants

Digital currencies such as Facebook's planned Libra raise serious concerns and must be regulated as tightly as possible to ensure they do not upset...
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