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Eris Lifesciences Up To $270 Million IPO Oversubscribed

Mumbai: Drug maker Eris Lifesciences Ltd’s initial public offering of shares to raise up to Rs. 1,700 crore was subscribed more than three times on the last day of the sale on Tuesday, stock exchange data showed. The sale received bids for 52.4 million shares, or 3.29 times the 15.9 …

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Honda fears sudden cut-off from EU customs union could cripple UK car supply chains

Britain’s departure from the European Union’s customs union would ramp up costs for small and medium-sized car part suppliers to such an extent that supply chains could seize up, a senior European executive at Honda said on Tuesday. Ian Howells, Honda’s European senior vice president, told an autos conference that …

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Bankers To Meet From Monday To Decide On Large Defaulters

Mumbai: Bankers are meeting from Monday to finalise their next course of action on six of the 12 bad loan accounts for immediate referral to NCLT after the RBI named the largest defaulters to face bankruptcy proceedings. The first set of six troubled accounts are Bhushan Steel (Rs. 44,478 crore), …

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General Motors India dealers to meet this week over ‘measly’ compensation issue

Dealers of General Motors in India have decided to meet later this week to decide on the future course of action, including taking the legal route, against the American automaker over measly compensation. A majority of 96 dealers, which operate around 140 showrooms across India, are unhappy with the company’s …

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SpiceJet plans to buy 50 turboprop planes for $1.7 billion from Bombardier

No-frills airline SpiceJet on Tuesday announced plans to purchase 50 Q400 turboprop aircraft worth $1.7 billion (over Rs 10,900 crore) from Bombardier, a day after signing a pact for buying 40 Boeing 737 MAX planes. SpiceJet, which has drawn up ambitious expansion plans, has signed a letter of intent with …

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Data breaches could cost Indian firms Rs 11 crore this year, says IBM report

Indian companies could lose Rs 11 crore to data breaches this year, up 12.3% from last year, a report by tech giant IBM said on Tuesday. A breach is described as an event where an individual’s name and a medical/financial record is potentially put at risk – either in electronic …

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Chinese firms inks deal with Adani, to invest $300 million in Gujarat

India’s Adani Group inked a deal with East Hope Group, one of China’s largest companies, which will invest over $300 million to set up a manufacturing unit for solar power generation equipment in Gujarat. “The MoU signed between the two leading companies from India and China proposes to set up …

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6 cool accessories for the back of your phone

You probably don’t spend much time thinking about the back of your phone. All the action happens in the front; duh, that’s where the screen is. But turn the phone over for a second. See all that empty space? Seems like prime real estate for, well, something. This is $6 …

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2018 Honda Accord Sketch Released; Will Be Unveiled Next Month

Honda recently teased the new generation of the Accord and we already told you all about it. In its 10th generation now, Honda has teased the car with a sketch and the car will be revealed on the 14th of July 2017. Honda promises that the new Accord will be …

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BMW 6 Series GT To Be Launched In India In 2018

The all-new BMW 6 Series Gran Tourismo (GT) was recently unveiled globally, replacing the ageing 5 Series GT in the automaker’s line-up. With India already retailing the 5 Series GT for a couple of years now, it was expected that the 6 Series GT will also make it to Indian …