Business News

Pantaloon Retail (India) Ltd said on Monday is committee of directors has approved issue of 15.8 million shares to raise 4.99 billion rupees via qualified institutional placement at a price of 316 rupees per equity share.

Power firm JSW Energy will launch its initial public offering (IPO) to raise 27 billion rupees on Dec 7, a top official of the JSW group, which owns India's third biggest steel maker JWS Steel, said on Monday.

The defence systems unit of vehicle maker Mahindra & Mahindra will bid for domestic defence projects worth $3.5 billion over the next seven years, its chief executive said on Monday.

Perhaps by living on another planet you might have missed the conclusion that Asia must boost consumption and let its exchange rates climb to help put the world economy on a more-even keel.

The one-way bet in the U.S. dollar that has lasted several months may be over for now despite distress over its malaise that has stretched from Washington to Paris.

When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened, but even more bargain-hungry customers cross their thresholds.

Bank of America may extend its search for a new chief executive into next year if its board is unable to pick a candidate in the next four days, according to a report on the Bloomberg News website.

Eco-friendly managers and staff are the key to making a retailer go green, according to a study listing 15 of the world's top eco-friendly retailers in Europe, North America, Asia and Australia.

Cadbury Plc would prefer a merger with U.S. chocolate maker Hershey Co rather than Kraft Foods Inc, the British company's chairman Roger Carr told the Sunday Telegraph.

German Finance Minister Wolfgang Schaeuble pressed General Motors on Sunday to shed light on its plans for Opel and said the U.S. group had a responsibility for workers at its European unit.

Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion pound bid by Kraft Foods Inc and a potential move by Hershey, Bloomberg reported on Sunday.

Poland will sign an accord shortly under the global Kyoto Protocol to sell surplus carbon emission permits worth 15 million euros to Ireland, Environment Minister Maciej Nowicki said on Saturday.

After months of political haggling the Australian government will unveil its revised carbon trading laws this week, with a vote expected by the year's final day of parliament on Thursday.

A Chinese engineer arrested on suspicion of stealing Ford Motor Co. trade secrets will likely face additional charges after more secret data was found on his computer, U.S. prosecutors said this week.

After months of political haggling the Australian government will unveil its revised carbon trading laws this week, with a vote expected by year's final day of parliament on Thursday.

News Corp, Time Warner Inc and Qualia Capital LLC are interested in buying Hollywood's Metro-Goldwyn-Mayer film studio, home of the James Bond movies, Bloomberg News reported on Friday.

General Electric and Vivendi are moving closer to a deal on NBC Universal, with Vivendi agreeing to accept payment for just one-third of its stake until a related deal with Comcast closes, according to a source

Japan's Honda Motor Co Ltd has again produced the most fuel efficient and least polluting vehicles on American roads, the U.S. government projections for 2009 showed on Friday.

Akeel Sachak, global head of the consumer team at Rothschild, may get a seat at the table for this year's sweetest deal after all.

Volkswagen named a 41-year-old former Porsche Holding sales expert who joined the Europe's largest carmaker only a year ago to its management board as new group head of sales and distribution starting next year.