Diageo has refused to pay the outstanding sum of $35 mn to Vijay Mallya for acquiring United Spirits.

Standard Life, which owns 35% in the insurance JV, is also expected to sell some shares.

The two parties have not been able to arrive at a mutually agreeable alternative for the transaction, which the regulator has rejected in i...

The industry growth is expected to be pretty strong for next couple of years.

The brokerage said there is no certainty that any further formal proposal will be made to Unilever or that an offer will be made at all or ...

Microsoft’s deal to buy professional social network LinkedIn for $26.2bn officially closed after the European Commission cleared the acquis...

LIC's denial came after some media reports said the insurance giant has given nod to the proposed merger of Cairn with Vedanta.

British financial major Aviva Plc's reported plans to exit Indian market is unlikely to affect the operations of insurance firm.

UK financial services industry lost an estimated 9k jobs in the third quarter as revenue declined, according to a survey.

Lloyds Banking Group announced Thursday it would cut another 1,200 jobs to reduce costs and rationalize operations after the government-bac...

British government said it will up its stake in Lloyds Banking Group to 65 per cent and guarantee 260 billion pounds worth of its toxic ass...

The government is poised to increase its stake in Lloyds Banking Group as part of a deal that would also see the group agree to the governm...

As Iceland struggles to stave off bankruptcy after the collapse of its financial sector, banks and the government have pointed the finger a...

Investors will be seeking stability on the London stock market in the coming days after one of the most volatile trading weeks in recent ti...

Australia's prime minister sought to reassure the country that its financial institutions were sound as shares in the country's biggest inv...

Insurance company Aviva PLC said Friday it plans to slash up to 1,800 jobs at Norwich Union, its British general insurance business, by the...

Britain's Aviva Plc said on Friday it would merge its Turkish life and pension business with part of Sabanci Holding