Industry
Switzerland's Dufry to buy majority stake in World Duty Free for $3.8 bn
30 Mar 2015
Switzerland's duty-free shop operator Dufry AG has agreed to buy a 50.1 per cent majority stake in smaller Italian rival World Duty Free S.p.A, controlled by the Benetton family, aiming to create the world’s biggest travel retailer
IAEA slams India's lax nuclear safety regulations
27 Mar 2015
The UN nuclear watchdog wanted India to promulgate a national policy and strategy for nuclear safety, and radioactive waste management, even as it noted that India’s Atomic Energy Regulatory Board lacked independence and internal emergency arrangements
Govt to invest $10 bn in semiconductor units in Gujarat, UP
27 Mar 2015
Jaiprakash Associates and Hindustan Semiconductor Manufacturing have teamed up with the likes of IBM, TowerJazz and STMicroelectronics to set up electronic chip manufacturing units in Greater Noida in UP and Gandhinagar in Gujarat
India to make unusual 9% cut in gas prices from 1 April
27 Mar 2015
Meant to reflect falling global prices, the move to cut LNG prices would benefit power producers and domestic consumers, but may hurt upstream producers like ONGC
India to make unusual 9% cut in gas prices from 1 April
27 Mar 2015
Meant to reflect falling global prices, the move to cut LNG prices would benefit power producers and domestic consumers, but may hurt upstream producers like ONGC
Jaslok docs perform twin path-breaking brain surgeries
26 Mar 2015
In twin path-breaking surgeries at Jaslok Hospital in Mumbai last week, neurosurgeons successfully implanted the most advanced Deep Brain Stimulation (DBS) system in two patients suffering from Parkinson's disease and dystonia
Telecom spectrum auction ends; govt mops up record Rs1,10,000-cr
25 Mar 2015
Since the successful bidders have to make upfront payment of 25-33 per cent of the final sale price, the government would immediately garner nearly Rs25,000 crore from the current round of spectrum auction
Telefonica seals deal to sell British mobile unit O2 to Hutchison for $15.3 bn
25 Mar 2015
Spanish telecom giant Telefonica SA yesterday said that it has finalised a deal to sell its British mobile unit O2 to Hong Kong billionaire Li-Ka Shing's Hutchison Whampoa
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