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Cafe Coffee Day files papers for $180 million IPO: Sources

The firm behind Cafe Coffee Day, India's biggest homegrown coffee chain, has filed a draft application with regulators for an initial public offering to raise around 11.5 billion rupees

cafe coffee day News

KFC challenges Indian report on bacteria found in fried chicken

The Indian unit of fast food chain KFC challenged the results of a test showing the presence of bacteria linked to food poisoning in a sample of its fried chicken, dismissing them as "false allegations".

KFC chicken India News

China stocks plunge over 7 pct, divided over outlook

About 2,000 of the roughly 2,800 listed companies in Shanghai and Shenzhen slumped by their 10 percent daily limit.

CHINA STOCK News

Fairfax’s Prem Watsa to buy Indian logistics firm NCMSL: Sources

Fairfax India Holdings, a fund set up by Canadian investor Prem Watsa to target Indian assets, is set to take a majority stake in logistics firm National Collateral Management Services (NCMSL), two sources familiar with the m

prem watsa News

Monsoon covers entire India ahead of schedule: MeT

The revival of monsoon rains in the grain bowl of northwest and central regions should help speed up the sowing of main summer crops such as rice, corn, soybeans and cotton.

Monsoon this year in 2016 News

Govt to decide on further hike in steel import duty within a week: Anant Geete

Last week, the government raised import duty to 10 percent from 7.5 percent on flat steel and to 7.5 percent from 5 percent for long steel products, to stem the flood of imports.

bhushan steel News

Why AirAsia India has put its expansion plans on hold

AirAsia India has halted its expansion plans after just a year in business as it waits for a government decision on whether to change a protectionist measure regulating overseas flights, the budget carrier's chief executive s

airasia india News

China plans to launch yuan gold fix by end of 2015

If the yuan fix takes off, China could compel local buyers and foreign suppliers to pay the domestic yuan price, making the London fix less relevant in the world's biggest bullion market.

gold News

RBI stress test shows likely jump in bad loans for private banks

The Reserve Bank of India also said the probability of slippage of state electricity boards' exposure to bad loans is very high considering the implementation of new regulatory norms effective April 1, 2015.

PTC News

OneWeb sets record launch plan after $500 million funding

OneWeb plans to put a network of 648 small satellites into orbit to provide global broadband and mobile telephone services.

ONeweb investment News

Jayant Sinha: India to see cyclical upswing after rate cuts

"India to see cyclical upswing after rate cuts," said Finance Minister Jayant Sinha.

jayant sinha News

No deal for Greece, creditors; top-level talks to resume on Saturday

Greece failed again to clinch a deal with its international creditors, setting up a last-ditch effort on Saturday to avert a default next week or start preparing to protect the euro zone from financial market turmoil.

Greek Prime Minister Alexis Tsipras News

Toyota, Nissan expand air bag recalls after latest U.S. action

Toyota Motor Corp and Nissan Motor Co said on Thursday they would expand a recall previously issued in North America to the rest of the world to replace potentially deadly passenger-side air bag inflators made by Takata Corp.

Toyota, Nissan expand air bag recalls after latest U.S. action

Toyota, Nissan expand air bag recalls after latest U.S. action

Toyota Motor Corp and Nissan Motor Co said on Thursday they would expand a recall previously issued in North America to the rest of the world to replace potentially deadly passenger-side air bag inflators made by Takata Corp.

Toyota, Nissan expand air bag recalls after latest U.S. action

China’s ICBC says keen to join London gold price benchmark

Industrial and Commercial Bank of China Ltd (ICBC), the world's largest bank by assets, said it was interested in participating in the twice-daily London gold price benchmarking process.

China’s ICBC says keen to join London gold price benchmark

Tech Mahindra to set up healthcare unit with $79 mln outsourcing deal

IT firm Tech Mahindra Ltd is setting up a new unit to sharpen its focus on winning contracts in the healthcare industry

tech mahindra Q4 results shares bse sensex News

Creditors set bailout ultimatum for defiant Greeks: Source

The dramatic move came hours before European Union leaders meet in Brussels for a summit on migration, the long-term future of the euro zone and renegotiating Britain's membership terms, that has been overshadowed by the loom

Greece crisis News

Tony Fernandes to focus more on AirAsia amid accounting worries

AirAsia is the worst-performing airline globally out of mid and large-cap stocks so far this year, its share price falling losing more than 40 per cent to give the carrier a market value of 4.5 billion Malaysian ringgit ($1.2

tony fernandes airasia News

China’s airspace restrictions hamper Silk Road strategy: Official

Domestic airspace restrictions will make it difficult for China to add air routes from its western regions to countries where the government is promoting its Silk Road strategy, according to an air traffic control official.

China’s airspace restrictions hamper Silk Road strategy: Official

Samsung Group firms, in deal battle, may boost shareholder returns: Sources

Two Samsung Group firms are looking at options to boost shareholder returns on completion of their proposed $8 billion merger, two people familiar with the matter said, as they seek to overcome opposition from a U.S. hedge fu

Samsung Group firms, in deal battle, may boost shareholder returns: Sources

Share valuations of world’s top medical glove makers surge, but not on MERS

Share valuations of the four biggest medical glove makers in Malaysia - in the world, in fact - have soared to historic highs, but not because of the MERS outbreak.

Share valuations of world’s top medical glove makers surge, but not on MERS

Takata CEO to brief media for first time since air bag recall crisis

Japan's Takata Corp will on Thursday brief on the status of its massive recalls that seek to fix potentially deadly air bags, in the first news conference to be attended by CEO Shigehisa Takada since the crisis erupted.

Takata CEO to brief media for first time since air bag recall crisis

New Zealand dollar finds some reprieve, Aussie still looking for inspiration

The New Zealand dollar held its ground on Thursday, appearing to have found a base near a five-year trough after an extended slide of more than 10 percent in two months.

New Zealand dollar finds some reprieve, Aussie still looking for inspiration

Oil prices little changed as U.S. oil stocks data disappoints

Oil prices were little changed in early Asian trade on Thursday as an unexpected build in U.S. gasoline inventories offset a higher than forecast draw in U.S. crude inventories, while Brent was supported by buoyant manufactur

Oil prices little changed as U.S. oil stocks data disappoints

Greek debt talks stumble before EU leaders gather

Greek Prime Minister Alexis Tsipras negotiated with heads of creditor institutions to try to thrash out a cash-for-reform deal before the euro zone ministers reconvene.

Greece crisis News

Saudi Arabia carrier takes 50 Airbus planes in Islamic leasing deal

Saudi Arabian Airlines will take delivery of 50 aircraft from Airbus in the largest aviation deal to be secured via Islamic financing, as the European planemaker tries to gain an edge over rival Boeing in the key Gulf aviati

Saudi Arabia carrier takes 50 Airbus planes in Islamic leasing deal

Taiwan stocks up; tech, Hon Hai family companies rise

Taiwan stocks rose on Thursday, boosted by a strong showing by the island's key tech sector and companies related to world's No.1 contract electronics manufacturer Hon Hai Precision Industry Co Ltd.

Taiwan stocks up; tech, Hon Hai family companies rise