PE investment falls for 3rd month, Aug deal tally at USD 1 bn

According to assurance, tax and advisory firm Grant Thornton, there were 85 PE transactions worth USD 1,090 million while in August 2015, there were 103 deals worth USD 1,720 million. Read more »

GDP growth to top 8 pc on rains, reforms: Panagariya

India's growth rate slipped to a 6-quarter low of 7.1 per cent in April-June due to subdued performance of mining, construction and farm sectors. Read more »

Vedanta upbeat on success of Goa iron ore ops; says worst over

Since the resumption of mining operations in Goa, the state has exported about 5 MT of the ore, which includes both the old as well as the freshly mined stock. Read more »

Patanjali’s Rs 1,600-cr food park coming up in UP

The company officials have also confirmed the development, saying the procedure for identification of the land is at an advanced stage and the unit can be near Yamuna expressway. Read more »

Superdry plans expansion in India

The brand has tied up with Reliance Brands Limited which is a part of Reliance Industries has 21 retail outlets across the country. Read more »

Bihar to go for branding of khadi

In a bid to promote the khadi industry in Bihar, the state government would erect a Rs-17 crore building for it to set up showrooms, he added. Read more »

Son of NREGA labourer makes it to IIT-Delhi

18-year-old Abhishake, resident of Chatrapura village in Etawa area of Kota district, is now a student of IIT-Delhi. Read more »

Morgan Stanley downgrades India’s consumer sector from ‘attractive’ to ‘in-line’

It predicts that changes in marketing strategies amid weak volume growth and gross margins peaking may force firms to sacrifice medium-term earnings. Read more »

Airline bars kids from `elite’ seats, draws DGCA ire

The quiet zone move -adopted by a handful of airlines globally to save their premium flyers from crying children -has left passengers seething as leg space. Read more »

Domino’s fails to deliver for Jubilant, firm loses Rs 6,200 crore in market value

JFL has also been frustrated by its inability to implement a plan — gestating for about three years — that could have propped up the... Read more »