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Tatas pick up stake in SpiceJet

In 1932, JRD Tata flew a light single-engine Puss Moth plane from Karachi to Bombay via Ahmedabad, the first scheduled air service in the country under Tata Airlines, which became Air India in 1946. More than 74 years later, Ratan … […]

IDFC-IIFCL team wants to raise $3b overseas

Infrastructure Development Finance Company (IDFC), India Infrastructure Finance Company (IIFCL), Citigroup and Blackstone, which had recently joined hands to float a $5 billion dedicated infrastructure fund, has sought the RBI’s approval to raise $3 billion from overseas markets over the … […]

Tata Tea to buy US firm for $677 mln

India's Tata Tea Ltd, the world's second-largest branded tea firm, said on Wednesday it plans to buy 30 per cent of US-based Energy Brands Inc for $677 million.

The company, which owns the Tetley brand, said this month it was eyeing acquisitions in the United States to help it expand its international operations.

Source : Hindustan Times