NEW DELHI: Japan’s Honda is believed to be in talks to sell its 26% stake in Hero Honda Motors, the enormously successful, 26-year-old joint venture responsible for transforming the local motorcycle industry and spurring an entire generation of Indians to take to biking. A person close to the dev..

MUMBAI: Market regulator SEBI has lifted ban on British bank Barclays for issuing offshore derivative instruments, a move which will allow the lender to facilitate investment by unregistered entities into Indian stock markets. The Securities and Exchange Board of India, in December last year, had..

MUMBAI: Goldman Sachs has downgraded Housing Development Finance Corp to "sell" from "neutral" and retained the price target of Rs 595. The stock has outperformed the benchmark BSE index and the upside in the stock has already been priced in, Goldman Sachs said in a note. There are no near-term c..

NEW DELHI: State-run Coal India said on Tuesday its giant initial public offering, set to raise billions of dollars and possibly become India's biggest ever share sale, is due to start in October. The country's largest coal miner plans to sell 10 percent of its government-held equity as part of N..

Utility vehicles maker Mahindra & Mahindra (M&M) has signed memorandum of understanding (MoU) to acquire South Korea's troubled Ssangyong Motor. M&M has informed that post-acquisition it is not planning to cut Ssangyong’s workforce. Clearing all its long term debt of Ssangyong, M&M is willing to ..

MUMBAI: More broking firms are keen to get themselves rated, as it helps them get a better deal from banks while borrowing from them, say officials at rating agencies. A healthy rating enhances the credibility of brokers, who plan to issue debentures — often used as underlying debt papers in structu..