The government has allowed Swedish furniture major IKEA to invest Rs 10,500 crore — the biggest ever FDI proposal in single brand retail — for setting up home furnishing stores… Read more »

Leading jewellery retailer Gitanjali Group plans to set up a total of 550 shops in India and abroad by end of this year. “We are certainly looking at expansion in… Read more »

The Subway restaurant chain has opened its 350th restaurant in India at Jalandhar. The chain’s plans for India are in line with its growth plans for Asia, with a target… Read more »

The board of Yahoo has agreed to a deal to purchase the popular blogging platform Tumblr for $1.1 billion, the Wall Street Journal reported on Sunday. Yahoo did not immediately… Read more »

Gulf Ispat Limited will set up a Rs 3500 crore integrated steel plant in Madhya Pradesh, according to press release here on Monday. Company director Ayush Goyal met MP chief… Read more »

Fiat Group on Friday said it plans to expand its network to 125 dealerships across the country by the end of this year, as the Italian auto major aims to… Read more »

Jammu and Kashmir BankBSE 0.24 % will add over 300 new business units in the next two years to take the total number of units to 1,000, according to a… Read more »

German luxury carmaker Mercedes Benz plans to infuse a fresh investment of Rs 250 crore into its Indian arm to double its production capacity to 20,000 vehicles by the end… Read more »

Global investment banking major Goldman Sachs has invested Rs.110 crore in medical devices company BPL Medical Technologies. The investment will be used to further expand the company’s medical device business,… Read more »

Commercial vehicle major Ashok Leyland Ltd will be launching three new vehicles, including a passenger carrier, and investing around Rs.600 crore this year while rejigging its organisational structure in line… Read more »